An Analysis of China’s Economic Downturn----From the Perspective of Neoclassical Economics

DOI

10.2991/isss-18.2018.93How to use a DOI?

Keywords

Economic downturn; neoclassical economics; Solow model

Abstract

Since the financial crisis in 2008, China's economic growth has reached a turning point and there exists increasing pressure in China’s economy due to its downward trend. From the perspective of neoclassical economics, and with the aid of Solow production function, this paper makes a comparison between the period of China's rapid economic growth and that of low speed growth, in an attempt to analyze the cause of the current economic downturn in China. The results indicate that the causes of the current economic downturn in China lie in the decline in capital remuneration, the disappearance of demographic dividend and the slow economic transition

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Zihao Chen
PY  - 2018/05
DA  - 2018/05
TI  - An Analysis of China’s Economic Downturn----From the Perspective of Neoclassical Economics
BT  - Proceedings of the 4th International Symposium on Social Science (ISSS 2018)
PB  - Atlantis Press
SP  - 459
EP  - 468
SN  - 2352-5398
UR  - https://doi.org/10.2991/isss-18.2018.93
DO  - 10.2991/isss-18.2018.93
ID  - Chen2018/05
ER  -