What is it about?
By decomposing the sources of China's per capita income growth 1980-2015, this study assesses how growth slowdown will affect the country's prospect of becoming a high-income country.
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Why is it important?
Using a modified version of Masahiko Aoki’s analytical framework of the unified growth theory, this study identifies impacts of demographic transition, sectoral shifts, and productivity progress on per capita income growth in China. This analysis shed light in the prospects of China's growth in the coming years.
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This page is a summary of: China's Growth Slowdown and Prospects for Becoming a High-Income Developed Economy, Asian Economic Papers, January 2017, The MIT Press,
DOI: 10.1162/asep_a_00490.
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