中文摘要：

供给侧结构改革的重心是以推进全要素生产率来寻求新的增长动力。经济增长动力既可在需求端发力，亦可在供给端发力，二者的区别在于需求侧增长动力更注重于要素驱动和投资驱动，而供给侧增长动力更注重于效率驱动和创新驱动。相应地，全要素生产率的提升源于技术效率的改善和技术创新，并配以资本的协同互动，这符合于供给侧增长动力特征。对于后发追赶型经济体而言，供给侧增长无非是资本与技术二者协同转换的结果，亟待将供给侧增长与后发理论相结合，强调资本与技术在供给侧的后发动力效应和路径机理，以期对中国的后发增长和供给侧动力转换提供启示。

英文摘要：

The focus of supply side structural reform is to seek new growth momentum by promoting total factor productivity. Economic growth momentum can be both promoted by demand side force, but also by supply side force. The difference between the two is that the demand side growth momentum is more focused on factor drive and investment drive, while the supply side growth momentum emphasizes more efficiency drive and innovation drive. Accordingly, the improvement of total factor productivity is due to the improvement of techni- cal efficiency and technical innovation, and collaborated with capital, which is consistent with the supply side growth dynamic characteristics. For the latecomer economies, the supply side growth is nothing more than the result of the collaboration and conversion between capital and technology. It is necessary to combine the supply side growth with latecomer theory, and emphasize the latecomer power effect and path mechanism of capital and technology on the supply side. The purpose is to give a revelation for China＇ s latecomer growth and supply side power conversion.