Author(s)

Zhou Manqi

Corresponding Author

Zhou Manqi

ABSTRACT

Against the background of global economic challenges, China's economic operation still presents many bright spots. This paper hopes to explore the momentum of China's economic growth by establishing an endogenous economic growth model in line with China's national conditions. This paper discusses the process of classical economic growth theory evolving into endogenous economic growth theory and introduces the variable of government public capital to establish an endogenous growth model including government investment in infrastructure. By solving the steady state of economy growth, we find that increasing the proportion of government public capital expenditure can promote economic growth.

KEYWORDS

Endogenous growth theory, infrastructure construction, investment-driven