Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist … introduces the chapters comprising the NBER volume Capitalizing China (Fan and Morck, eds. 2012), which examine China's high … savings rate, banking system, financial markets, financial regulations, corporate governance, and public finances; and …

Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist … introduces the chapters comprising the NBER volume Capitalizing China (Fan and Morck, eds. 2012), which examine China's high … savings rate, banking system, financial markets, financial regulations, corporate governance, and public finances; and …

Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist … introduces the chapters comprising the NBER volume Capitalizing China (Fan and Morck, eds. 2012), which examine China's high … savings rate, banking system, financial markets, financial regulations, corporate governance, and public finances; and …

, and economic transition paths of China, Japan, the U.S., and the EU. Each of these countries/regions is entering a period … of rapid and significant aging requiring major fiscal adjustments.In previous studies that excluded China we predicted …, reducing real wages per unit of human capital. Adding China to the model dramatically alters this prediction. Even though China …

China eventually becomes the world's saver and, thereby, the developed world's savoir with respect to its long …In previous studies that excluded China we predicted that tax hikes needed to pay benefits along the developed world …'s demographic transition would lead to capital shortage, reducing real wages per unit of human capital. Adding China to the model …

, and economic transition paths of China, Japan, the U.S., and the EU. Each of these countries/regions is entering a period … cloud with a silver lining coming, in this case, in the form of capital deepening that will raise real wages. China … 2030 and 4 percent higher at the end of the century. Without China they'd be only 2 percent higher in 2030 and 4 percent …

This paper argues that the investment–savings imbalances of households and companies play an important role in … determining the probability that an economy experiences a credit-less recovery, following a recession. The investment–savings gap …-less recoveries are indeed associated with both low and declining financing needs of the private sector, as proxied by the investment-savings …