Analysis over factors of innovation in China's fast economic growth since its beginning of reform and opening up

摘要

The technological progress makes great contribution to the rapid economic growth of China during its past three decades of reform and opening up. An empirical analysis conducted over China's total factor productivity certifies this conclusion but it also reveals that China's TFP growth rate is not very high. We further explore the various stages of change of China's total factor productivity and the causes of these changes and finally take an analytical calculation over the present flaws of China's innovation system and offer some advices.