Research on Economic Dynamic Efficiency of China - Based on AMSZ Model

摘要

In this paper, the dynamic efficiency of Chinese economy is studied by using AMSZ model. The result shows that the economic dynamic efficiency of China was significant volatility before 2008, but there was no significant dynamic inefficiency. From 2005 to 2007, the net capital gains were high, so we cannot say that there is excessive investment in China. However, after the financial crisis in 2008, China's economy has entered a new normalization, and the economic structure is facing a transition. Even so, only slight dynamic inefficiency can be seen from the indicators of NI/GDP. As a developing country, the per capita capital stock of China is still low; we cannot ignore the role of investment in stimulating economic growth.