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Since 1978 the Chinese economy has grown on average more than 9 percenta year. Per capita income has nearly quadrupled in the past 15 years andsome analysts predict that within 20 years the Chinese economy will belarger than that of the United States. This pamphlet analyzes the reasonsfor the...
Persistent link: https://www.econbiz.de/10014403126
as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital … trade volatility offset the positive impact of commodity booms; and export diversification of primary commodity abundant …
Persistent link: https://www.econbiz.de/10014396933
Persistent link: https://www.econbiz.de/10009424793
This paper gauges the potential effects on employment of rebalancing China''s exportoriented growth model toward … existing and new services as well as reorienting the production of tradable goods toward domestic markets. In China''s case … paper shows that while rebalancing China''s growth toward a domestic-demand-led economy would likely raise aggregate …
Persistent link: https://www.econbiz.de/10014402469
the People's Bank of China (China). The new borrowing agreement with Spain, the amendments to the NPA with Japan, and the … new NPA with China provide new resources of SDR 450 million, SDR 1.8 billion and SDR 800 million, respectively, to the … February 22, 2017, for Spain; April 20, 2017, for Japan; and April 21, 2017, for China. Pursuant to Section III, paragraph 2 of …
Persistent link: https://www.econbiz.de/10014408739
In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international real business cycle model and show that a thoughtful calibration of them along the lines of Raffo (2009) successfully addresses the ""quantity"", ""international comovement"",...
Persistent link: https://www.econbiz.de/10014397271
productivity, resulting from a stable macroeconomic environment, the implementation of structural reforms, and high inflows of …
Persistent link: https://www.econbiz.de/10005591182
Paraguay’s economy recently experienced particularly large output swings. Economic policies will play a critical role in raising investment by making sure that macroeconomic stability is maintained. The spillovers from the agricultural sector to the rest of the economy are limited. The...
Persistent link: https://www.econbiz.de/10011244461
The global financial crisis hit Denmark hard, and the recovery has been slow and unsteady. Denmark’s slow growth predates the recent economic crisis, and the economy has underperformed its regional peers. The current account remains in surplus, largely reflecting weak domestic demand...
Persistent link: https://www.econbiz.de/10011244874
This Selected Issues paper explores the question of what kind of structural policies could boost productivity growth in … trade openness are necessary for productivity growth, they are not sufficient. SMICs need to improve the quality of their …
Persistent link: https://www.econbiz.de/10011244906