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The Synergy Theory on Economic Growth: Comparative Study Between China and Developed Countries

The Synergy Theory on Economic Growth: Comparative Study Between China and Developed Countries

Paperback

EconomicsGeneral Political Science

ISBN10: 9811346984
ISBN13: 9789811346989
Publisher: Springer
Published: Dec 23 2018
Pages: 371
Weight: 1.18
Height: 0.79 Width: 6.14 Depth: 9.21
Language: English

The book constructs the Synergy Theory, a new theory of economic growth and calculation methodology. The book involves empirical comparative study on economic growth between China and the 14 developed countries, and on the basis of the synergy theory, divides GDP into labor compensation, capital income, and synergistic benefits, further establishes the new empirical model including the major determined factors of economic growth, such as growth of physical capital stock, growth of investment in physical capital, improvement of science and technology, improvement of human capital quality, labor force growth, institutional innovation and economic externalies.

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