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China's slowing growth and structural changes are expected to bring some burdens on Korea in creating value-added for … year to come.o True, Korean products exported China are mostly intermediate goods, but two thirds of them are found to be … eventually consumed domestically, meaning that about 70% of Korea's exports to China depend on China's domestic demand. Based on …
Persistent link: https://www.econbiz.de/10012992043
of economic development, China is implementing a strategy of innovation-driven development. China's capacity of … innovation has been increasing, especially since 2012, and China's innovations have taken a leap-forward development. Nowadays …, innovation has become a main driving force in China's economic development and hi-tech industries particularly make a great …
Persistent link: https://www.econbiz.de/10012026937
Over the past 30 years (1990-2019), African economies have experienced remarkable improvements in real macroeconomic conditions, characterized by higher and more stable real per-capita growth rates, and lower and more stable inflation. This paper documents and seeks to explain these changes at...
Persistent link: https://www.econbiz.de/10013336273
Growth of per-capita income is associated with (i) significant shifts in the sectoral economic structure, (ii) systematic changes in relative prices and (iii) the Kaldor facts. Moreover, (iv) cross-sectional data shows systematic expenditure structure difference between rich and poor households....
Persistent link: https://www.econbiz.de/10013128684
Growth of per-capita income is associated with (i) significant shifts in the sectoral economic structure, (ii) systematic changes in relative prices and (iii) the Kaldor facts. Moreover, (iv) cross-sectional data shows systematic expenditure structure difference between rich and poor households....
Persistent link: https://www.econbiz.de/10009162002
Growth is associated with (i) shifts in the sectoral structure of the economy, (ii) changes in relative prices and (iii) the Kaldor facts. Moreover, (iv) cross-sectional data shows systematic differences in the expenditure structure across income groups. This paper presents a growth model which...
Persistent link: https://www.econbiz.de/10010342236
While structural transformation, driven by technological progress, productivity growth, and capital deepening, has contributed to Asia's sustained rapid growth, its effect on income inequality is uncertain. The central objective of our paper is to empirically examine the effect of structural...
Persistent link: https://www.econbiz.de/10011579027
Over the last 60 years, regional economic analysis has been interested in identifying common patterns and regularities of regional economic structure. The identification of such patterns suggests that there predictable relationships between different levels of structural regional development....
Persistent link: https://www.econbiz.de/10011480974
Objective: The objective of the article is the examination of factors that affect structural convergence and assessing their robustness. Research Design & Methods: Determinants of structural similarity are examined using the Bayesian model averaging with dilution prior to establishing robust...
Persistent link: https://www.econbiz.de/10012519515
The economic and financial crisis has generated a significant amount of adverse effects in all European economies, although with substantial differences by countries. For Spain the effects have been severe. From the last third of the last century until the middle of 2008 the economy experienced...
Persistent link: https://www.econbiz.de/10011499410