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After impressive growth in the 2000s, China's productivity has more recently stagnated. We use firm-level data to … analyze productivity and firm dynamism trends from 2003 to 2018. We document six facts that together show a decline in China … explaining China's sluggish TFP growth and that SOE reform could boost productivity growth indirectly by stimulating business …
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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 …
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This paper uses the Shapley Value decomposition technique to assess the factors behind the rise of inequality in China …. It finds that, in many ways, inequality may have been an inevitable by-product of China’s investment and export …. Across China’s provinces, divergences in per capita incomes are driven by the relative level of capital-intensity, public …
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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
China's transition to a new growth model continues and the impact has been felt across the globe. Several trends … contribute to the 'maturing' of China's economy: i) structural slowing on the convergence path; ii) on-shoring deepening; and iii … developments, the overall impact on the global economy is not large. However, the impact on China's closest trading partners and …
Persistent link: https://www.econbiz.de/10011715554
This paper looks at the effects of a China slowdown on Emerging Market Economies (Indonesia, Malaysia, and Thailand … China growth shocks on ASEAN has risen since the global financial crisis. A one percent decline in China's growth implies a … between ASEAN and China. These magnitudes are double what they were two decades ago due to stronger trade and financial …
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