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- W4297129262 abstract "In this work, our group has applied the endogenous growth model to compute China’s production function regarding its everchanging national situations and global backgrounds from 1961 to 2020. We have derived the exact expression of China’s idea production and investigated its tendency. Analysis and deductions were made based on aggregate, medical, and agricultural levels respectively. The specific process involves identifying and quantifying various factors that contribute to the production of new ideas in accordance with Romar’s growth model. As a result, the general outcome displays a pattern of decreasing return to scale, meaning the lessening efficiency of innovation as time progresses. This essay strives to account for the ongoing technological bottleneck both in China and worldwide. After understanding its possible driven forces, hopefully, improvement methods can be carried out to tackle such challenges and thus achieve sustained economic growth." @default.
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- W4297129262 date "2022-01-01" @default.
- W4297129262 modified "2023-09-24" @default.
- W4297129262 title "The Production Function for New Ideas in China" @default.
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- W4297129262 doi "https://doi.org/10.1007/978-981-19-5727-7_85" @default.
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