System Driven Analysis of National Economic Growth: Guangdong as an Example
- 1 Institute of Economy, Jinan University, Guangzhou, China
Abstract
After many years of high-strength construction and large-scale development, it’s difficult for Chinese economy to sustain high-speed economic growth only through too much investment and production factors. Economic development is facing a bottleneck. Transformation and upgrading are imminent. Improving innovation becomes an inevitable choice for Chinese economic growth since Chinese economy has been under a new normal macroscopic background. System innovation is the basic content and an important aspect of innovation. There are some intrinsic links between Chinese national economic growth and system changes. This paper selects Guangdong Province as the research object. It analyzes system factors of economic growth in Guangdong Province since the reform and opening up in China. And this paper tries to provide decision-making basis for the innovation of government system in the new normal economy.
- Hall, R.E. and Jones, C.I. (1999) Why Do Some Countries Produce So Much More Output per Worker than Others? Quarterly Journal of Economics, 114, 83-116. https://doi.org/10.1162/003355399555954
- Ding, H.X. (2012) System and China’s Economic Growth: An Analysis Based on the Analysis on Transforming the Way of Economic Growth. Journal of Zhengzhou University (Philosophy and Social Sciences), No. 1, 77-80.
- Liu, Y.K. and Kuang, X.M. (2012) System Change and Regional Economic Growth: An Empirical Study Based on the Data from Hunan Province. Economic Geography, No. 32, 25-29.
- Wang, J., Zou, G.P. and Shi, X.J. (2013) The Impact of System Change on China’s Economic Growth: An Empirical Study Based on VAR Model. China Industrial Economy, No. 6, 70-82.
- Tang, C.A. and Yang, O. (2013) System Change, Technological Progress and Economic Growth of Big Developing Countries. Hunan Social Sciences, No. 1, 61-64.
- Xu, Y.D. (2014) Research on the System Factors and Paths of Transforming Economic Development Mode under New Norms. Explore, No. 5, 108-113.
- Jin, Y.G. (2001) The Contribution of Macro System Change to China’s Economic Growth in the Period of Transition. Finance and Economics, No. 2, 24-28.
- Wang, B. (2004) Guangdong’s Economic Growth Model with System Factors and Empirical Analysis. Journal of Jinan University, No. 3, 6-10.
- Zhong, X.T. and Gong, W.P. (2008) An Empirical Study of the Impact of System Factors on Factor Efficiency in Guangdong’s Economic Growth. South Economy, No. 4, 75-81.
- Wang, W.B., Chen, C.B. and Xu, H.Y. (2002) China’s Economic Growth Model with System Factors and Empirical Analysis. Modern Economy and Science, No. 2, 33-37.
- Liu, Z.Y. (1997) The Source and Prospect of Economic Growth in East Asia. Quantitative, Technical and Economic Research, No. 10, 88-97.
- Bi, Z.X. (2015) Technology Diffusion in Economic Growth: A Comparison between China and South Korea. Science & Technology Progress and Policy, No. 2, 24-29.