Abstract:
“Growth from below” has become a new prospective in the explanation of China Miracle and the basic means of Chinese economic growth mode. This paper follows this perspective to interpret Chinese economic efficiency. We have found growth of economic efficiency based on measuring government expenditure efficiency, input-output elasticity ratio, TFP and so on. In detail, government expenditure efficiency has close relationship with government expenditure structure, especially when too much administration fee has negative relationship with government expenditure structure. FDI and institution competition have unobvious improvement on input-output elasticity ratio and TFP.