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role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …
Persistent link: https://www.econbiz.de/10010269571
Since the 1980s, China's government has eased restrictions on internal migration. This easing, along with rapid growth of the Chinese economy and substantial increases in foreign and domestic investments, has greatly stimulated internal migration. Earlier studies have established that migration...
Persistent link: https://www.econbiz.de/10010268157
future. China has enjoyed high annual GDP growth rates of about ten percent in the last 25 years. Exports and investment were …
Persistent link: https://www.econbiz.de/10010273126
investment become self-fulfilling. …
Persistent link: https://www.econbiz.de/10012322568