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The End of Miracle? China's Economic Growth Pattern

Author

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  • Akira Kohsaka

    (Osaka School of International Public Policy (OSIPP), Osaka University)

Abstract

Despite her recent “unprecedentedly” high and sustained economic growth, China has been long expected to suffer from sudden growth slowdown soon and eventually. We examine her growth pattern in the past three decades as income catching-up processes in developing economies such as those in East Asia, analyzing it in the conventional framework of economic growth based on an internationally comparable macroeconomic database. We find that her growth pattern is not exceptional in any sense, but very parallel with forerunners in East Asia, and that her growth is still in an early stage, so that we argue that her catching -up could be sustained, even if it were for possible short-term growth slowdowns.

Suggested Citation

  • Akira Kohsaka, 2024. "The End of Miracle? China's Economic Growth Pattern," OSIPP Discussion Paper 24E006, Osaka School of International Public Policy, Osaka University.
    • Handle: RePEc:osp:wpaper:24e006
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    File URL: https://www.osipp.osaka-u.ac.jp/archives/DP/2024/DP2024E006.pdf
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    More about this item

    Keywords

    neoclassical economic growth; growth decomposition; growth paths; China; East Asia;
    All these keywords.

    JEL classification:

    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • F3 - International Economics - - International Finance
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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