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China's Economic Growth from the Perspective of Global Spatial Connection
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TitleChina's Economic Growth from the Perspective of Global Spatial Connection  
AuthorLiuruixiang, Yanyingen and Fanjin  
OrganizationNanjing Audit University; 
Key WordsSpatial Connection; Economic Growth Source; Global Input-output Model; Middle Income Stage 
AbstractThis paper decomposed the China’s economic growth source with the World Input-output Table during 1995-2011 under a new growth accounting framework and provides a new idea for China's sustainable economic growth in the middle-income stage. The conclusions in this paper include: (1) While the induction degree of China's economy has been increased during the analysis period, its influence power has not get effectively improved t at the same time. Considering the factors of income distribution, both the international division of labor rate and income distribution ability has been increased at the same time; (2) China's economic dependence on Asia declined during the analysis period, while its dependence on the North American regional increased. Specific to the national level, China's economy depended on the United States and Japan heavily. During the analysis period, the former dependency still increasing and the latter dependency ratio has declined. (3) Over the past 10 years, China's rapid economic growth is the result of interaction of internal and external factors. The change of global input-output structure brought the positive impact on China's economy which is temporary and will be weakened with the passage of the time. At the same time, the domestic final demand structure which depend on investment will not be sustainable in the middle-income stage. Finally, this paper puts forward the policy recommendations from three aspects: innovation, demand structure and quality of growth. 
Serial NumberWP1154 
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