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China's Remarkable Economic Growth$
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John Knight and Sai Ding

Print publication date: 2012

Print ISBN-13: 9780199698691

Published to Oxford Scholarship Online: May 2012

DOI: 10.1093/acprof:oso/9780199698691.001.0001

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The Role of Physical and Human Capital Formation

The Role of Physical and Human Capital Formation

Chapter:
(p.112) 6 The Role of Physical and Human Capital Formation
Source:
China's Remarkable Economic Growth
Author(s):

John Knight

Sai Ding

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199698691.003.0006

Using the baseline model arrived at in Chapter 5, this chapter examines the contribution to economic growth of various types of physical investment (Section 6.2) and various types of education (Section 6.3). In Section 6.4 some counterfactual simulations are conducted in an attempt to answer the underlying question: can the cross-province growth regressions help us to understand why China as a whole has grown so fast? Section 6.5 briefly analyses the factors that permit China's rapid capital accumulation. Section 6.6 summarizes and concludes.

Keywords:   economic growth, physical investments, education, cross-province growth regressions, capital accumulation

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