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High-Quality Economic Development: Comparison
Please note this is a comparison between Version 4 by Luyun Yu and Version 3 by Luyun Yu.

High-quality economic development is an economic development concept that emphasizes the transformation of development processes from primarily quantity-oriented expansion toward improvements in efficiency, structural quality, innovation capacity, sustainability, and inclusiveness. WiIthin economics and industrial development studies, it des describes a multidimensional development process in which economic growth is accompanied by improvements in resource allocation efficiency, technological progress, industrial upgrading, environmental sustainability, and the coordination between economic performance and social outcomes [1]. Unlike conventional economic growth, which mainly focuses on measured primarily through increases in aggregate output or income, high-quality economic development incorporates qualitative dimensions of development, including productivity enhancement, economic structure optimization, and the improvement of development efficiency [2]. The concept is analyzed through the interaction of economic growth mechanisms, institutional arrangements, innovation systems, and industrial transformation processes, rather than referring solely to short-term increases in gross domestic product. Within economic development theory, high-quality economic development represents an extension of traditional growth perspectives by integrating quantitative expansion with qualitative improvements in the functioning and sustainability of economic systems [3]. High-quality economic development therefore combines quantitative economic expansion with qualitative improvements in the efficiency, structure, inclusiveness, and sustainability of economic systems.

  • high-quality development
  • economic transformation
  • innovation-driven growth
  • sustainable development

References

  1. Jin Bei; Study on the “high-quality development” economics. China Politi- Econ. 2018, 1, 163-180. [CrossRef]
  2. Gustav Ranis; Frances Stewart; Alejandro Ramirez; Economic Growth and Human Development. World Dev. 2000, 28, 197-219. [CrossRef]
  3. Lingming Chen; Congjia Huo; The Measurement and Influencing Factors of High-Quality Economic Development in China. Sustainability 2022, 14, 9293. [CrossRef]
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