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firms’fixed asset investment, and increases firms’capital-labor ratio and productivity; while enhancement of firms …’ productivity is mainly achieved by means of substituting labor with capital, rather than independent technology innovation …
Persistent link: https://www.econbiz.de/10011015228
¡± (Feenstra and Hanson, 1996). It estimates the effects of the off-shoring on labor productivity by panel data model. Our results … show that, the off-shoring is generally positively associated with labor productivity, and service off-shoring has more … greatly contributes to productivity growth, while the positive effect from service off-shoring on labor productivity has …
Persistent link: https://www.econbiz.de/10010944930
China has achieved hyper economic growth in the past three decades. The achievement, though spectacular, is nothing incomprehensible to modern economic theories. A number of characteristic factors, short-term or long-term, have been favorable to fast growth. The market-oriented reforms that...
Persistent link: https://www.econbiz.de/10010944983