Economics Letters ( August 2016 ) ,Angus C. Chu, Guido Cozzi发表文章Growth accounting and endogenous technical change.
Growth accounting and endogenous technical change
Angus C. Chu
China Center for Economic Studies, School of Economics, Fudan University, Shanghai, China
Guido Cozzi
Department of Economics, University of St. Gallen, St. Gallen, Switzerland
作者简介
朱智豪,Angus C. Chu,1978年生,美国密歇根大学经济学博士,现为复旦大学中国经济研究中心教授。在归国前为英国利物浦大学(罗素大学集团之一)经济学教授(Chair in Economics),现为利物浦大学名誉高级学人(HonorarySenior Fellow)。主要研究领域为宏观经济学、货币政策、经济增长、研发创新、知识产权。学术成果发表在EuropeanEconomic Review, International Economic Review, Journal of DevelopmentEconomics, Journal of Economic Dynamics and Control, Journal of EconomicGrowth, Journal of International Economics, Journal of Money, Credit andBanking, Journal of Population Economics, Journal of Urban Economics, Macroeconomic Dynamics, Review of Economic Dynamics等学术期刊上。根据经济学网站IDEAS按照经济学论文库RePEc数据进行的排名,是全球排名前10%的经济学家。目前为Bulletin of Economic Research(Impact Factor: 0.261)和Economic Modelling (ImpactFactor: 0.997)的副主编。
内容简介
Abstract:
This study explores growth accounting under endogenous technological progress. It is well known that the Solow approach overstates (understates) the contribution of capital accumulation (technological progress) to economic growth and that the Mankiw-Romer-Weil approach addresses this issue. However,we find that the Mankiw-Romer-Weil approach is inconsistent (consistent) with the lab-equipment (knowledge-driven) specification for technological progress. We also examine the importance of capital accumulation on growth in China under the two approaches.
Keywords:Growth accounting, Endogenous technical change, Capitalaccumulation
摘要:
本研究探讨了内生技术进步下的增长核算。众所周知,索洛核算方法高估了资本积累对经济增长的贡献同时低估了技术进步对经济增长的贡献。原因是技术进步可以导致资本积累。虽然Mankiw-Romer-Weil核算方法在外生技术进步下可以解决这一问题,但是我们发现Mankiw-Romer-Weil核算方法在内生技术进步下反而可能低估了资本积累对经济增长的贡献。原因是资本积累也可能导致技术进步。我们还研究了在内生技术进步下资本积累对中国经济增长的重要性。
关键词: 增长核算;内生技术变革;资本积累