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China's economic growth statistics of the late 1990s have repeatedly been questioned. Angus Maddison in a 1998 OECD … study goes further in that he revised China's official average annual real growth rate for the first seventeen years of … for China. This paper examines Angus Maddison's revisions to official data and finds them invalid. Angus Maddison's growth …
Persistent link: https://www.econbiz.de/10005556031
Persistent link: https://www.econbiz.de/10005119271
Views of the future China vary widely. While some believe that the collapse of China is inevitable, others see the … China over the next two decades. Extrapolating past real GDP growth rates into the future, the size of the Chinese economy … surpasses that of the U.S. in purchasing power terms between 2012 and 2015; by 2025, China is likely to be the world's largest …
Persistent link: https://www.econbiz.de/10005062447
The forthcoming eastern enlargement of the European Union is generally perceived to constitute one of the most significant challenges to the process of European integration so far. The economic impact of the enlargement is likely to be considerable. The enlargement, as any other previous...
Persistent link: https://www.econbiz.de/10005062625
In the paper we construct two novel indices of relative centrality – peripheriality in order to test whether location has an impact on medium and long-run gains related to economic integration within the European Union. We utilize two popular econometric approaches – standard cross-...
Persistent link: https://www.econbiz.de/10005408029
Views of the future China vary widely. While some believe that the collapse of China is inevitable, others see the … China over the next two decades. Extrapolating past real GDP growth rates into the future, the size of the Chinese economy … surpasses that of the U.S. in purchasing power terms between 2012 and 2015; by 2025, China is likely to be the world's largest …
Persistent link: https://www.econbiz.de/10005556063
The forthcoming eastern enlargement of the European Union is generally perceived to constitute one of the most significant challenges to the process of European integration so far. The economic impact of the enlargement is likely to be considerable. The enlargement, as any other previous...
Persistent link: https://www.econbiz.de/10005556464
Much of the literature on the impact of R&D on economic performance is founded on the advanced countries, where the intensity of R&D expenditure has been relatively high and stable for many years. In this paper, we provide empirical estimates of the impact of R&D on the economic growth of a...
Persistent link: https://www.econbiz.de/10005561079
This paper investigates the existence of medium and long-run growth effects of economic integration within the European Union. We apply the system GMM methodology to estimate a number of dynamic panel data models. The study is undertaken for a panel sample consisting of 27 advanced economies and...
Persistent link: https://www.econbiz.de/10005119334
mainly to fast increase of inputs. Young (2000) also estimated the TFP growth rate of China to be 1.4% per year during the … the non-agricultural economy (of China) during the reform period is respectable, but not outstanding.' China's real GDP …
Persistent link: https://www.econbiz.de/10005062403