China's potential economic growth rate and forecast 2024-2030: Based on endogenous technological progress model
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Abstract
This paper makes an in-depth analysis of China's economic growth model, focusing on the effect of endogenous technological progress on the production function. Adopted endogenous technological progress on the production function. It is found that in the process of expansion, the stock scale of physical capital and human capital fails to give full play to its due scale effect or spillover effect. In addition, the report extends the endogenous growth model and explores China's real production function and total factor productivity (TFP). This paper also assesses financial efficiency, economic growth rates and their potential growth rates, and forecasts potential economic growth for 2024-2030. On the whole, China's economic growth faces many challenges, but there is also huge potential for development. By optimizing resource allocation and enhancing scientific and technological innovation capabilities, it is expected to further improve the efficiency and quality of economic growth. Looking ahead, China's economic development will continue to maintain a sound momentum of stability and contribute more impetus to global economic growth.
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