From the Middle-Income Trap to the Threshold Effect -- How Does China Avoid “Secular Stagnation? -- Establishing a New Development Paradigm by Strengthening Comparative Advantage -- Dynamic Balance of Regional Economic Growth -- Productivity, New Growth Drivers and the Manufacturing Industry...

The new growth literature, using both endogenous growth and neoclassical models, has generated strong claims for the effect of national policies on economic growth. Empirical work on policies and growth has tended to confirm these claims. This paper casts doubt on this claim for strong effects...