Although financial development may facilitate economic growth over the long term, financial underdevelopment remains a …

Undervaluation of the currency is generally believed to affect growth through two main transmission channels: the … “capital accumulation channel” and the “total factor productivity (TFP) growth channel”. This paper carries out the first … empirical investigation on the TFP growth channel. More specifically, we provide answers to the three following questions: Does …

twenty-period of rapid income growth. It addresses the problem of the endogenous placement of networks by exploiting the fact …

China’s expected growth slowdown - from 10.3 per cent yoy in 2010 to 8.9 per cent this year and 8.3 per cent in 2012 …, potential speed bumpers ahead that might lead to lower-than-expected growth in China and an assessment of how this could in turn …

The Chinese economy does still not qualify as demand-driven economy. Its growth is based on investment. In fact …

and urban household income to decrease and has thus slowed down household consumption growth. The provision of broader … households more security for spending that could reduce the high savings rate and help achieve a balanced growth path in the long …

This paper uses the standard one-sector neoclassical growth model to investigate why China’s consumption has been low … and investment high. This paper looks into the role played by the financial sector in the growth process of China and …