全球智库信息集成服务系统(G2TT): From Energy-intensive to Innovation-led Growth: On the Transition Dynamics of China’s Economy

G2TT

来源类型	FEEM working papers "Note di lavoro" series
规范类型	论文
	From Energy-intensive to Innovation-led Growth: On the Transition Dynamics of China’s Economy
	Wei Jin; ZhongXiang Zhang
发表日期	2014
出处	Energy: Resources and Markets
出版年	2014
语种	英语
摘要	Whether China continues its current energy-intensive growth path or adopts a sustainable development prospect has significant implication for energy and climate governance. Building on a Ramsey-Cass-Koopmans growth model incorporating the mechanism of endogenous technological change and its interaction with fossil energy use and economic growth, this paper contributes to an economic exposition of China’s potential transition from an energy-intensive to an innovation-led growth path. We find that in China’s initial growth period the small amount of capital stock creates higher dynamic benefits of capital investment and incentives of capital stock accumulation rather than R&D-related innovation. Accumulation of energy-consuming capital stock along this non-innovation-led growth path thus leads to an intensive use of fossil energy - an energy-intensive growth pattern. To avoid this undesirable outcome, China’s social planner should consider locating a transition point to an innovation-led balanced growth path (BGP). When the growth dynamics reaches that transition point, China’s economy would embark on investment in physical capital and R&D simultaneously, and make a transition into the innovation-led BGP along which consumption, capital investment, and R&D have a balanced share. Also in this innovation-led BGP, consumption, physical capital stock, and knowledge stock all grow, fossil energy uses decline. *** Suggested citation: Jin, W., Z. Zhang, (2014), 'From Energy-intensive to Innovation-led Growth: On the Transition Dynamics of China’s Economy', Nota di Lavoro 100.2014, Milan, Italy: Fondazione Eni Enrico Mattei.
特色分类	Q55;Q58;Q43;Q48;O13;O31;O33;O44;F18
关键词	Technological Innovation Energy Consumption Economic Growth Model
URL	https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/from-energy-intensive-to-innovation-led-growth-on-the-transition-dynamics-of-china-s-economy/
来源智库	Fondazione Eni Enrico Mattei (Italy)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/118246
推荐引用方式 GB/T 7714	Wei Jin,ZhongXiang Zhang. From Energy-intensive to Innovation-led Growth: On the Transition Dynamics of China’s Economy. 2014.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
20141231451541Nota_d（71KB）	智库出版物		限制开放	CC BY-NC-SA	浏览
20141231459374NDL201（2273KB）	智库出版物		限制开放	CC BY-NC-SA	浏览