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
Summary
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”.
Topics
- Topic Tags
- Regional Analysis China
- Macroeconomic Analysis
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Authors
Jinyue Dong
BBVA Research - Principal Economist
Alvaro Ortiz
BBVA Research - Head of Analysis with Big Data
Le Xia
BBVA Research - Chief Economist