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This paper presents in a systematic (normative) manner the salient features of a SWF‘s governance structure, in relation to its objectives and investment management that can ensure its efficient operation and enhance its financial performance. In this context, it distinguishes among the...
Persistent link: https://www.econbiz.de/10010790296
explaining China's and India's growth. Specific financial sector policies are shown to map well the size and changes in the … investment. In the case of India, post-1992 financial sector reforms, particularly the reduction in the funds preempted by the … rebalancing growth in China and sustaining high investment rate in India, further financial sector reforms could turn out to be …
Persistent link: https://www.econbiz.de/10005826386
This paper uses the standard one-sector neoclassical growth model to investigate why China's consumption has been low and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts that the price of capital may have been significantly...
Persistent link: https://www.econbiz.de/10005769167