This paper studies China's four-fold increase in per capita GDP relative to the U.S. between 1995 and 2019. First, we … argue that China's growth pattern is very similar to that of several other East Asia economies that initially grew very … China's growth path and the growth paths of other East Asia economies at a similar stage of development. The growth paths of …

within Japan, we find that the measures of sectoral productivity do not behave in the way suggested by the Balassa … power. -- agglomeration effect ; Penn effect ; sectoral productivity differential ; tradables and non-tradables ; population …

economic predicament. With an aggregate labour productivity of less than 60% relative to the rest of the country, both are true …