Real imports in China have decelerated significantly over the last two years to below 4 percent (yoy) from double …-digit growth in previous years. Weaker investment, partly due to progress in rebalancing from investment to consumption, has been … inputs with domestic production-has not been an additional drag over this period but it continues to slow import growth at a …

China is to rebalance growth towards relying more on consumption and less on exports and investment, banking sector reforms …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 some types of investment are becoming excessive in China, particularly in inland provinces. In these regions, private … existing trends continue, valuable resources could be wasted at a time when China’s ability to finance investment is facing …This paper proposes a possible framework for identifying excessive investment. Based on this method, it finds evidence …

This paper derives a structural import demand equation and estimates it for a large number of countries, using recent …

estimating import demand and export supply elasticities withoutusing econometrics. The paper reports empirical estimates of these …

In this paper, the behavior of China’s imports during the period 1980-92 is studied. The estimation of cointegration … estimated cointegrating vector using Johansen’s cointegration approach shows that, in the long run, China’s imports are … and error correction mechanisms enables the separation of the long-run and short-run determinants of imports in China. The …

This paper contributes to the debate on the relationship between public-capital accumulation and private investment in … the past three decades, we study whether public investment in recent years has become more or less complementary to … private investment in comparison to the period before 1980. Second, we construct a novel data-set of quarterly aggregate …

, using local projections, the paper zooms in on shocks originating in the United States, Europe, and China. Our results … suggest that economic policy uncertainty re- duces growth in real output, private consumption, and private investment, and …, Europe, and China reduces economic activity in the rest of the world, with the effects being mostly felt in Europe and the …

view is that despite China''s remarkably high growth, the share of consumption in total expenditure has been low and …-the-board in wages, investment income, and government transfers. The paper finds that financial sector weaknesses, by restricting … firms'' access to bank financing for working capital, have played quantitatively a major role in keeping wage and investment …