Aug 1st, 11:00 AM - 12:00 PM
A Neoclassic Growth Model of Leisure Time and China's Economic Growth
The Purpose of this study was to assess the effect of leisure time on China’s long-run economic growth. Two compensation effects of leisure were introduced into the economic growth model to assess if leisure choice-set affect economic growth in the long-run. A time series data of 23 years (1981-2003) was used in the study. A neoclassic growth model was used to analyze the data. The result found a weak negative relationship between leisure time and China’s long-run economic growth.