Analizzare la crescita economica della Cina con l' Augmented Solow Model

Nearly seventy years later the famous 1956 Robert M.Solow’s paper “A contribution to the Theory of Economic Growth”, and despite the evolution of growth theory, Solow's model, with integrated human capital, still helps explain the factors underlying China's economic growth over the past thirty years. The aim of this thesis is to understand the main variables of China's economic growth through the augmented Solow model with human capital. In particular, physical capital investment, the structure of employment, population growth and conditional convergence are among the main variables that have driven China's unique economic growth path. This thesis examines the key aspects of historical changes in economic and industrial policy that have enabled China to achieve an average real annual GDP growth of approximately 9%, a rate that has only recently begun to slow. In conclusion, this thesis questions whether growth driven by 75.7% capital and 20.8% energy is sustainable in the long term, and whether the Government of the People's Republic of China can maintain such high growth rates.