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consumption for net sellers, compared with 44 percent when using the consumption approach alone. Accounting for such substitution …
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In the past several years, labor shortages in China have become an issue. However, there is heated debate as to whether China has passed the Lewis turning point and moved from a period of unlimited supply to a new era of labor shortage. Most empirical studies on this topic focus on estimation of...
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across borders. The book is an important tool for targeting investment decisions today and going forward. …
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This overview discusses some key findings of the papers presented at the conference and draws some policy conclusions from them in the context of the broader literature. The papers and the wider academic discussion are sorted into three areas. First, how do the economics of infrastructure...
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