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1 : 3 :,,,,,, : -,,, (,1994,2002) ; (,2003) ; (, 2002) ; (,2005) ; (2006),,,,,, ( TFP, ),,, (,2005 ;,2005),,,,,,,,, 1997, 3, 4

2 2006 4,,,, TFP (,2003),, 90,,,, 2005,, ;,,,,,, (disembodied),,,, (,2003),,,,,, : y = Af ( k, l) : y, k, l, A, : = - -, ( ), ( ),,,,90,,,:,,,,,,,,,,,,,,, %, (,2006 ;,2005),,,, 80,90,( ),,,,, 5

3 : ( Young,2003) 80,,,, 30 %,90 17 %(,2004),, ;,,,,, 90,, 1992,,1994,,,,, 90,,,,,,,, GDP 115, GDP 1 (, 2005) 90,,,,,,, :, S, (,2003 ;,2006) 1, 1970,,,, 2,,, : (1) ; (2),,, ; (3),, (,1996 ;,1993,2000),,,,,, ( Jovanovic,1995),,( Lucas,1993 ) 6

4 (learning),, ( learning by investment), R&D,,,,,,, y = Af ( k, l) (2005) AK, AK,, AK : y = Af ( k) = Ak (1) (1) A, 1 ( : ; :) : Comin. D, Hobijn. B Historical Cross Country Technology Dataset, Version 1, April GDP ( : ; : ) :,,, : ga = B ( a) (1 - ) (2) ; B ( a), ; a,,, a = k, (2),,,,,, B ( a) : gb t B t = B H - B 0 B H ga (3) B H ( ), B 0, (3), : B ( a) = (4), B ( a) S, 3 B H 1 + [ ( B H ΠB 0 ) - 1 ] e - (4) a 3, 7

5 :,, ;,,,,,,,, ;,,,, B ( a), a = k ga = B ( a) (1 - ) : y = Af ( k) = Ak = (1 - ) A 3 B H k 1 + [ ( B H ΠB 0 ) - 1 ] e - (5) k (5) 4 5 4,,,,,,, 5,,,, AK,,,,,,, 4 B H B 0,,,,,,,, -,,,, ( ),,, 8,,

6 2006 4,,,,,,,,,,, 5 B H B 0,,,,,,,,,,,,, ;,,,,,, 1994,,,,, (,2003,2005),,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 9

7 :,,,, GDP,,,,,,,, GDP, GDP,, 50 60,, GDP 2Π3 (,2006) 1,,,, GDP ( ), : (1),, ( ),, GDP 15 GDP % 6. 7 % % % % 8. 2 % % % % 3. 2 % % % % 5. 9 % % % % 1. 6 % % % % 2. 4 % % % % 1. 6 % % % % 2. 4 % % % % 1. 8 % % % Π % 2. 6 % % % % 1. 7 % % % ; (2) % 1. 8 % % %, % 1. 7 % % % % 4. 0 % % % : ; 9 (, ), : (2006), 8,,,,,,,,,,, 10

8 2006 4,,,,,,, ; : ; ;,,, :, : ; ;,, ( ) : ; ( ) ( ) ( ; ; ) : : : : : (2006) 11

9 :, :,,, ; ;,,, :, ; ; ;,,,, :, ; () ; 2 : 11,, 21,,, 31, (, ;, ), 5,GDP 2 % ; 20 %, 70 % 41 (70 % 80 %), 51, (),,,,, R&D,,,,,, :,,, : World Bank, World Development Indicators, 2000 ;World Bank, Data and Statistics, Country Data 12

10 2006 4,,,,,,, : 11,,, 21,, 31,,, ;,, 41,, 51 R&D,,,,,,2006 :, 1,1994,2002 ::,1994,2002,2005 :, 9,2003 :, 5,2005 : :,,1996 :,,2005 :, 12,2003 : ( ),,1994 : ( ),,2003, ( ),,2003, ( ),,2004,,,2005 :,,2005 : ,,2006 : ( ),2006 : FDI :, 2,2005 : FDI, 10,2003 :, 8,2002 ::, 6,2006 : :, 2,2003 :, 8 13

11 :,2005 :, 10 Galor, O. and D. N. Weil, 1998, Population, Technology and Growth : From the Malthusian Regime to the Demographic Transition, NBER Working Paper No Goodfriend,M and J. McDermott, 1998, Industrial Development and Convergence Question, American Economic Review, 88, No : 5, May. Grossman, G. and Helpman, E., 1991, Innovation and Growth in the World Economy, M. I. T. Press, Chapters 3 and 4. Hansen, G. D. and E. C. Prescott, 1998, Malthus to Solow, NBER Working Paper,6858. Jones, C. I., 1999, Was an Industrial Revolution Inevitable? Economic Growth over the Very Long Run, mimeo, Stanford University, Jovanovic. B,1995, Learning and Growth, NBER Working Paper, Kejak, M, 2003, Stages of Growth Economic Development, Journal of Economic Dynamics & Control, 27, Laitner,J, 2000, Structural Change and Economic Growth. Review of Economic Studies 67 (3) : Landon2Lane, J. s and P. E. Robertson, 2003, Accumulation and Productivity Growth in Industrializing Economies. April, Paper for the Royal Economic Society Conference. Lucas, R. E., 1988, On the Mechanics of Development, Journal of Monetary Economics, July ;,1999, The Industrial Revolution : Past and Future, mimeo,university of Chicago. Maddison, A. 1982, Phases of Capitalist Development. Oxford University Press. Matsuyama, K. 1991, Increasing Returns, Industrialization, and Indeterminacy of Equilibrium, Quarterly Journal of Economics, May, vol 106, pp Mokyr, J. 1990,The Lever of Riches, New York : Oxford University Press. Pritchett, L. 1997, Divergence, Big Time. Journal of Economic Perspectives, Summer, 11 (3), pp Romer, P., 1990, Endogenous Technological Change, Journal of Political Economy, October. Stokey,N.L 2001, A Quantitative Model of the British Industrial Revolution, Memoe, University of Chicago. Strulik,H and Avenue,A, 2001, On the Mechanics of Economic Development and Non2Development, memoe. Young. A.,2003 : Gold into Base Metals : Productivity Growth in the People s Republic of China during the Reform Period, Journal of Political Economy, 2003, Vol. 111, No. 6. Learning by Doing, Low Cost Competition and Conversion of Economic Gro wth Pattern The Research Group of Economic Institute of CASS Abstract :The common sense has been reached about the conversion of China s economic growth mode. However, the most study was limited to the macroeconomic analysis, which didn t discuss the theory and mechanism of microeconomic behavior. By studying the theory of learning by doing, this paper presents a supply curve to explain catch2up type of economic growth. With respect of profit arbitrage, this paper also discusses the low cost competition in a mass caused by learning by doing. Through the theory and specific facts, we try to understand the technical progress mechanism and the combination of technology factors. At last this paper points out that the conversion of economic growth mode can be boosted through supply policy and deepening the market reform. Key Words :Learning by Doing ; Technical Imitation2Arbitrage Mechanism ; Growth Pattern JEL Classification :D830,O110,O120 ( : ) ( : ) 14

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