中美GDP增长率增长量比较分析:1980-2080

Translated title of the contribution: A Comparative Analysis of GDP's Growth Rates and Volumes between China and the United States: 1980-2080

傅 红春

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Abstract

A common phenomenon is that, compared with developed economy, developing economy has faster GDP growth rate, and the relative gap as measured by percent between the two economics will become smaller; The absolute gap as measured by difference between them, however, will grow larger in quite a long period This is common knowledge in development economics, but has been ignored or misunderstood by many people (including some economists).
This paper reports the result from analyzing the GDP data over the past two decades in both China and the United States. $ased on the data, the author hypothesized four possible growth conditions in the two countries and predicted the growth trends under the four different growth conditions. The findings include:
1) When examining the economic growth in China and the United States (or any other two economics),two mathematic properties need to be interpreted correctly. Growth rate is not a "speed" indicator, but an "acceleration" indicator. The time needed for the developing economy to catch up the developed economy does not depend on how many times one economy's growth rate is more than the other economy, but on the differences between the two economics' growth rates.
2) The absolute gap as measured by GDP between China and the United States is still growing larger, though China has a growth rate three times higher than that of the United States and the relative gap is being reduced.
3) There will be a long time in which the absolute gap in GDP between China and the United States continues to grow larger, if China keeps a growth rate higher than that of the United States. When this period is over, the absolute gap between the two countries will grow smaller and finally disappear.
4) Growth is necessary and important. "Three Represents" theory requires fast economic growth.
Original languageChinese (Simplified)
Pages (from-to)104-119
Number of pages16
JournalJournal of Economics of Shanghai School
Volume1
Issue number2
Publication statusPublished - 2003
Externally publishedYes

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China
Comparative analysis
GDP growth
Economic growth
Economics
Developing economies
Development economics
Catch-up
Long period
Economists
Common knowledge
Mathematics

Keywords

  • economic growth
  • comparative analysis of economy
  • China
  • United States

Cite this

中美GDP增长率增长量比较分析:1980-2080. / 傅红春.

In: Journal of Economics of Shanghai School, Vol. 1, No. 2, 2003, p. 104-119.

Research output: Contribution to journalArticle

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