Utilizing the Solow Growth Framework

Essay

Utilizing the Solow growth framework:
a. Explain the sources of economic growth for China in the past and what the sources will be in the future using the following equation:
ΔY(t) / Y(t) = ΔA(t) / A(t) + αΔK(t) / K(t) + βΔL(t) / L(t)
b. Explain why we say that surely China's growth rate will slow in the future.
c. Explain why China's high savings rate is an unlikely source of sustainable growth.