Capital Accumulation,Technological Progress and the Transition of China's Economic Growth Path

A stylized fact in China's economic growth is the dynamic integration of capital accumulation and technological progress since Reforming of China.Most of analytic theories on China's economic growth are based on neoclassical growth theories or on endogenous growth theories separately.Here,we develop a hybrid model in which capital accumulation takes place as in the neoclassical model,but productivity growth arises endogenously,as in the Schumpeterian model.Then we try to explain the economic growth path of China.