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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...
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in Gourinchas and Jeanne (2013) to compute regional investment and saving wedges. By relating those frictions with TFP … catch-up parameters, we find an investment and a saving puzzle: regions that caught up relative to the rest of China seem to … have lower investment rate (higher investment tax) and higher saving (lower saving tax) relative to the prediction of the …
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This paper investigates the impact of direct investment by foreign-owned companies on technical progress and hence … intra-industry and inter-industry spillovers from inward investment. These findings remain robust even when other factors … such as imports and domestic R&D expenditures are allowed for. Inward investment appears to be a much more important source …
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This article examines the impact of the developments in the financial sector on economic growth in India in the post … growth. The model was then estimated using quarterly data for the period 1993 to 2005 for India, using the techniques of … stock market development would play an important role in enhancing economic growth in India. On the contrary, reform …
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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/10010231008