Showing 1 - 10 of 428
The paper reviews and draws lessons from the experience of fast growing economies including a sub-set of these termed High Growth Economies (HGEs) with a decadal rate of over 7 per cent. It then reviews the history of the Indian growth acceleration following the reforms of the 1990s and its...
Persistent link: https://www.econbiz.de/10013089785
This paper studies structural changes underlying China's remarkable and unprecedented growth in recent years. While … patterns of structural transformation across China's provinces are broadly in line with international experience, one important … labor productivity in the rest of the economy and services has widened across China's provinces as they have moved from low …
Persistent link: https://www.econbiz.de/10013071364
China's current growth model — which has delivered steady and robust growth for two decades and lifted some 500 million … continued reliance on capital accumulation, China can grow at a healthy pace and maintain its convergence toward the level of … high income economies. Evidence from China's provinces indicates that there is room to improve productivity and sustain …
Persistent link: https://www.econbiz.de/10013073779
China's digital economy has expanded rapidly in recent years. While average digitalization of the economy remains lower …
Persistent link: https://www.econbiz.de/10012892899
Domestic private saving rates have been on a declining trend in many Emerging Markets (EMs), raising questions about countries' ability to generate sufficient domestic resources to finance investment. This paper examines how countries have managed to achieve protracted increases in the private...
Persistent link: https://www.econbiz.de/10013028684
. Tariff reforms have been implemented in China since the 1980s; and, with its recent WTO accession, China has committed itself …China's increasing integration with the global economy has contributed to sustained growth in international trade. Its … China's imports from all regions--especially Asia, where China plays an increasingly central role in regional specialization …
Persistent link: https://www.econbiz.de/10012783222
This paper reexamines growth in transition using panel data to 1997. It suggests that output has been strongly affected by export market growth; that inflation has been associated with weaker output only above a threshold inflation rate; that structural reform has been associated with weaker...
Persistent link: https://www.econbiz.de/10013212115
This paper examines the impact of government size on how output and government expenditurerespond to oil price shocks in 28 oil-exporting countries between 1990 and 2016. Results suggestthat if the size of government (measured by government expenditure-to-(non-oil) GDP ratio) islarger, non-oil...
Persistent link: https://www.econbiz.de/10012929923
Implementation of fiscal consolidation by advanced economies in coming years needs to take into account the short and long-run interactions between economic growth and fiscal policy. Many countries must reduce high public debt to GDP ratios that penalize longterm growth. However, fiscal...
Persistent link: https://www.econbiz.de/10013102268
Many studies predict massive job losses and real wage decline as a result of the ongoing widespread automation of production, a trend that may be further aggravated by the COVID-19 crisis. Yet automation is also expected to raise productivity and output. How can we share the gains from...
Persistent link: https://www.econbiz.de/10013305593