Funke, Michael; Chen, Xi - Institut für Makroökonomie und Wirtschaftspolitik, … - 2012
This paper accounts for China?s economic growth since 1980 in a uni-fied endogenous growth model in which a sequencing of physical capital accumula-tion, human capital ac-cumulation and innovation drives the rise in China?s aggre-gate income. The first stage is characterized by physical capital...