Research on the Endogenous Growth Theory and Chinese Economic Growth

摘要

Endogenous growth theory is a new type of economic theory which was born in the 1980s, it is believed that sustained economic growth momentum not only comes from the two factors of capital and labor in the traditional theory, technological innovation and progress is more important. Compared to traditional economic theory, endogenous growth theory can better explain the continued growth potential source of economy, as well as a monopoly in some positive era of knowledge economy. For China's current economic situation, increasing investment in human capital, improving human capital mobility, making measures to protect the development of policies and knowledge innovation, and reforming education investment structure, promoting the development has a guiding significance of vocational education.