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China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
investment. Stepping up structural reforms will also be necessary if double-digit growth rates are to be achievable over the … improving in key sectors, partly thanks to greater private investment, bottlenecks endure and efforts to intensify competition … and ensure continued strong investment are required. Labour market reforms are also required to promote job creation …
Persistent link: https://www.econbiz.de/10009191040
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10010231008
China's investment rate is one of the highest in the world, which naturally leads one to suspect that the return to …
Persistent link: https://www.econbiz.de/10005084802
investment goods in developing countries. One implication of our findings is that increased aid flows to developing countries …
Persistent link: https://www.econbiz.de/10005123679
Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure … investment can have a positive effect on growth that goes beyond the effect of the capital stock because of economies of scale … from a variety of econometric approaches. Time-series results reveal a positive impact of infrastructure investment on …
Persistent link: https://www.econbiz.de/10005046058
pattern is not explained by the standard CAPM. This finding is consistent with a neoclassical model of investment with labor …
Persistent link: https://www.econbiz.de/10009697738
-section of publicly traded firms. In addition, inventory investment is volatile and procyclical, and inventory-to-sales is … persistent and countercyclical. We embed an inventory holding motive into the investment-based asset pricing framework by … investment, inventory investment, and inventory-to-sales. Our conditional single-factor model also implies that traditional …
Persistent link: https://www.econbiz.de/10009697751
premium. We propose an investment-based model with stochastic labor adjustment costs to explain this finding. Firms with high …
Persistent link: https://www.econbiz.de/10009697801
A popular interpretation of the Rational Expectations/Efficient Markets hypothesis states that, if it holds, market valuations must follow a random walk; hence, the hypothesis is frequently criticized on the basis of empirical evidence against such a prediction. Yet this reasoning incurs what we...
Persistent link: https://www.econbiz.de/10009663233