The new evidence of China's economic downturn: From structural bonus to structural imbalance.

ABSTRACT: The slowdown of China's economic growth in the middle-income stage has caused widespread concerns. Based on the analysis of economic structures to explain the downward trend of economic growth, this study expanded the Solow-Swan model to investigate the structural imbalances and evaluated their impacts during the structural transformation in different stages and regions on the economic downturn. Considering the processes of production, distribution, and consumption, six structures were chosen for national and prefecture-levels in China from 1997 to 2017, including sectoral structure, population structure, investment and consumption structure, import-export structure, urban-rural income structure, and financial structure. The study found that China's comprehensive economic structure was sig

SUBMITTER: Chen Y 

PROVIDER: S-EPMC8459991 | biostudies-literature | 2021

REPOSITORIES: biostudies-literature