AN EXPLANATION OF THE VARIABILITY OF THE ECONOMIC GROWTH RATE OF CHINA | Journal of Economics and..

Some of the stylized growth facts that Kaldor asserted [1] include the disparity in economic growth rates in all countries of the world and their enormous variability within each country. This form of economic regularity is not unique to China. According to the database Penn World Table, the country's lowest growth rate in the previous 60 years was -18.8% in 1961 and its greatest was 15.2% in 1984. The purpose of this research is to illustrate how variables influence the variability of the Chinese economy's growth rate. As a result, non-parametric estimates, as well as estimates using the ordinary least squares method and the Granger causality test, are made using the Harrod growth model. The findings reveal that the Chinese economy's growth rate is determined and caused by the marginal product capital ratio.

Please see the link :- https://www.ikprress.org/index.php/JET/article/view/114