The Dynamic Transformation of China's Economic Development Under the New Normal

This book aims to reveal the dynamic mechanism of China's economic system innovation. It measures the efficiency of China’s economic growth under the New Normal with the tools of DEA, SFA, and PCA. The book analyzes the contribution of capital, labor, and productivity to China's economic growth by Solow residual value method and the power source of China's economic development under the New Normal. In this book, it adopts the vertical integration of logical thinking, combined with the horizontal diversification of topics, to show a brand-new research method.

Wen Xiao is a professor and a doctoral supervisor at School of Economics, Zhejiang University, the dean of Business School of NingboTech University, the member of the Expert Committee of the China Council for the Promotion of International Trade, as well as the president of Zhejiang Institute of Contemporary International Studies

Jiadong Pan is the associate professor and a master’s supervisor and the deputy director of Business Administration Teaching and Research Department, Zhejiang Institute of Administration, Zhijiang Young Scholars of Social Sciences of Zhejiang, Ph.D. of Zhejiang University.