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The paper provides an overview of the course of economic reform and the performance of the Russian economy since the early 1990s and an analysis of the structural reform challenges ahead. It assesses the contribution of institutional and structural reforms to economic performance over the...
Persistent link: https://www.econbiz.de/10012445971
We examine the non-linearity between financial development and economic growth in China. Specifically, we use a … robust to an alternative financial development measure. Furthermore, we find that China's state sector, notorious for …
Persistent link: https://www.econbiz.de/10010868612
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced …
Persistent link: https://www.econbiz.de/10010231008
We document a process of rapid tertiarization of the Chinese economy since 2005. The employment and value-added shares of the service sector have increased significantly. Moreover, total factor productivity growth has increased faster in the service sector than in the manufacturing sector....
Persistent link: https://www.econbiz.de/10013334489
We examine whether China has benefited more from exports than other countries. The results show that exports have been … more significant for growth in China than in other countries, even when China is compared with other transition economies. …
Persistent link: https://www.econbiz.de/10010572140
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Persistent link: https://www.econbiz.de/10012264387
Persistent link: https://www.econbiz.de/10013422892
This paper reviews the key issues concerning the impact of public spending and taxation on long-run growth and inequality and takes stock of existing theoretical and empirical studies. Overall, the evidence highlights that the size of the government matters for long-term growth as a too large...
Persistent link: https://www.econbiz.de/10011578194
1 The Chinese Birdcage -- 2 Western Triumphalism -- 3 China as the World's Factory -- 4 Housing Bubbles across the … Western Hemisphere -- 5 The Global Financial Crisis -- 6 The Economic Fallout -- 7 Unlimited Supplies of Labor -- 8 China …This book vividly describes how China’s rise in the early 2000s led to rising profits and declining labor income …
Persistent link: https://www.econbiz.de/10014020964