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When Will China’s Prosperity Catch up with the US?

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  • Tatom, John

Abstract

Though wildly premature at best, and, at worst, very unlikely for several decades, there is some basis for speculation that China’s economy would soon surpass in size and prosperity that of the U.S. Due to the size of its economy and markets, China will have a relatively large share of production and consumption of most goods and services in a few decades. The other ingredient is that, for the past 28 years or so, China has exhibited extremely rapid growth. This article discusses scenarios under which China’s economy will equal or surpass that of the world’s remaining superpower.

Suggested Citation

  • Tatom, John, 2007. "When Will China’s Prosperity Catch up with the US?," MPRA Paper 17779, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:17779
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    File URL: https://mpra.ub.uni-muenchen.de/17779/1/MPRA_paper_17779.pdf
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    References listed on IDEAS

    as
    1. Robert J. Barro, 1998. "Determinants of Economic Growth: A Cross-Country Empirical Study," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262522543, April.
    2. John A. Tatom, 2007. "Getting to Know China," NFI Reports 2007-NFI-01, Indiana State University, Scott College of Business, Networks Financial Institute.
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    More about this item

    Keywords

    real income convergence; growth;

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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