How China's Economy Promotes TFP and Potential GDP Growth from Classical and Keynesian Perspectives

Jingyahui Zhang

doi:10.47297/wspdecWSP2515-797304.20250905

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How China's Economy Promotes TFP and Potential GDP Growth from Classical and Keynesian Perspectives

Volume 9, Issue 5

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How China's Economy Promotes TFP and Potential GDP Growth from Classical and Keynesian Perspectives
How China's Economy Promotes TFP and Potential GDP Growth from Classical and Keynesian Perspectives
Hankuk University of Foreign Studies, 02450, Republic of Korea
Vol. 9, Issue 5, Pages: 19-25(2025)
Published：31 May 2025
DOI：10.47297/wspdecWSP2515-797304.20250905
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Zhang Jingyahui.How China's Economy Promotes TFP and Potential GDP Growth from Classical and Keynesian Perspectives[J].Development Economics of China,2025,09(05):19-25.
DOI：

Zhang Jingyahui.How China's Economy Promotes TFP and Potential GDP Growth from Classical and Keynesian Perspectives[J].Development Economics of China,2025,09(05):19-25. DOI： 10.47297/wspdecWSP2515-797304.20250905.

摘要

Abstract

This study investigates the relationship between total factor productivity (TFP) and potential GDP growth

and critically examines how China might realize productivity enhancement through education

human capital

institutional innovation and scientific and technological inputs against the background of receding demographic dividend and diminishing marginal efficiency of capital from two theoretical perspectives: classical economics and Keynesianism. Through literature review

case analysis and Solow model path deduction

it highlights the multiple paths to enhance supply-side efficiency under the socialist market economy with Chinese characteristics

proposes multi-level policy recommendations

and accordingly looks forward to the sustainable development potential of China's economy in the future.

关键词

Keywords

references

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