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Title:	中國經濟轉型升級的內生成長途徑
Other Titles:	China`s Endogenous Growth Pathways toward Sustainability: Challenges and Prospects
Authors:	林其昂 Lin, Brian Chi-ang
Contributors:	財政系
Date:	2017-01
Issue Date:	2017-06-27 17:05:38 (UTC+8)
Abstract:	China’s enormous economic growth over the past four decades has shown the significance of institutional reforms in the Chinese politico-economic and social institutions. The Chinese economy, however, has evolved into a critical stage characterized with staggering economic growth, rising income inequality, and deteriorating environmental quality. With the intensive debate that took place in 2016 about China’s economic transitions and reforms, some leading economists tended to treat the market and the government as distinct subjects and, consequently, isolated economic analysis from the political process. In fact, the complex relationship between the market and the government during the process of China’s economic transitions should be best understood as a general practice of duality, a concept applied to describe a phenomenon of two co-existing and interdependent elements. This paper analyzes economic growth from an evolutionary perspective. Specifically speaking, economic growth, an important economic phenotype, is triggered and managed by a mutually-interacting combination of economic genotypes in the Chinese economy. This paper points out that China should deliberately develop an endogenous growth pattern that re-orients more government resources toward the advance and accumulation of social capital, which in turn determines the long-term formation of physical and human capital in the economy. That is, the level of knowledge or technology in the economy is endogenously determined by social capital, which is the engine of growth toward a sustainable society. This innovative model of economic governance is not only instrumental for promoting China’s “socialist market economy” but also in line with the goal of global sustainability.
Relation:	財經智庫, Vol.2, No.1, pp.126-137
Data Type:	article
Appears in Collections:	[Department of Public Finance] Periodical Articles

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