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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/10012667490
The paper analyzes the recent growth dynamics in China, evaluating both cyclical positions and long-term growth … likely and needed in the near term to restore the economy to equilibrium. In the medium term, growth will slow as China moves …
Persistent link: https://www.econbiz.de/10012418220
Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural problems in its labor market, reflected in its...
Persistent link: https://www.econbiz.de/10014396587
This paper examines whether the rapid growing firm patenting activity in China is associated with real economic outcome …
Persistent link: https://www.econbiz.de/10011716316
China's growth potential has become a hotly debated topic as the economy has reached an income level susceptible to the … literature has largely focused on macro level aggregates, which are ill suited to understanding China's significant structural … transformation and its impact on economic growth. To fill the gap, this paper takes a deep dive into China's convergence progress in …
Persistent link: https://www.econbiz.de/10012154921
China''s rapid overall growth since 1978 masks significant differences in relative economic performance across its …
Persistent link: https://www.econbiz.de/10014403618
This paper uses provincial time series data from China to empirically investigate two propositions relating to economic … have increased the rate of convergence in per capita incomes across China’s provinces. However, the pattern of FDI, which …
Persistent link: https://www.econbiz.de/10014399962
This paper discusses the risks of stagnation over the medium term in the euro area. It examines the consequences of longer-term growth trends that predate the crisis and the progress made in addressing the crisis legacies of high unemployment and debt. The paper illustrates in a downside...
Persistent link: https://www.econbiz.de/10011436794
A number of advanced economies carried out a sequence of extensive reforms of their labor and product markets in the 1990s and early 2000s. Using the Synthetic Control Method (SCM), this paper implements six case studies of well-known waves of reforms, those of New Zealand, Australia, Denmark,...
Persistent link: https://www.econbiz.de/10011715188
This paper proposes a new index of sectoral labor distortion using employment and valueadded shares. We show that this index is highly correlated with growth both crosssectionally and over time. We also use it to compare the degree of distortion among countries and identify sectors where the...
Persistent link: https://www.econbiz.de/10011743015