《Table 1:Forecast of China’s Potential Economic Growth,2020-2035》
The HP filter method and the production function method both estimate China’s potential economic growth to be less than 4%over the period 2020-2035.This falls short of the 4.8%annual growth rate requirement.Compared with the production function method,the HP filter method estimated even lower results.The lower estimation is due to China’s slowing potential economic growth over recent years which would influence the estimated growth trend after the HP filter.However,the results of our estimation also suggest that if appropriate economic policies are enacted to further tap into China’s economic growth potentials,as shown in Table 1,China’s potential growth rate will still average above5%over the period 2020-2035 under the scenario of market-oriented reforms,thus achieving the target of doubling real GDP per capita.Achieving this goal requires a more in-depth understanding of how China’s economy may achieve a higher quality of development.
图表编号 | XD00189998500 严禁用于非法目的 |
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绘制时间 | 2021.01.18 |
作者 | 刘伟、陈彦斌 |
绘制单位 | 中国人民大学经济学院、国家经济学教材建设重点研究基地 |
更多格式 | 高清、无水印(增值服务) |