China | From great miracle to great moderation: potential GDP estimation of China
Published on Wednesday, January 10, 2018 | Updated on Sunday, May 13, 2018
China | From great miracle to great moderation: potential GDP estimation of China
In the recently concluded 19th Party’s National Congress, the authorities have come up with a two-stage development plan. Using traditional Cobb-Douglas production function to gauge China’s potential GDP, we found China’s per capita GDP can increase to USD 21,000 (constant price of today) by 2035, in line with the authorities’ target of achieving “social modernization”.
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201801_China_Great-moderation_final-revision_AO-3_edited English January 10, 2018
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- Macroeconomic Analysis