Lee, Il Houng; Syed, Murtaza H.; Xueyan, Liu - International Monetary Fund (IMF) - 2013
, with attendant risks of financial instability and asset bubbles. Thus, investment should not be indiscriminately directed …This paper proposes a possible framework for identifying excessive investment. Based on this method, it finds evidence … that some types of investment are becoming excessive in China, particularly in inland provinces. In these regions, private …