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China's high saving puzzle
Ma, Guonan; Yang, Dennis Tao - 2013
This paper analyzes the causes of rising savings rates for the corporate, government, and household sectors, which have jointly contributed to the upsurge in aggregate savings in China in the past two decades. Government policies to rebalance the Chinese economy are also explored.
Persistent link: https://www.econbiz.de/10010293143
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Aggregate savings and external imbalances in China
Yang, Dennis Tao - 2012
Over the last decade, the internal and external macroeconomic imbalances in China have risen to unprecedented levels. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded 9 percent of GDP. The current paper presents a unified...
Persistent link: https://www.econbiz.de/10010289985
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China's High Saving Puzzle
Ma, Guonan; Yang, Dennis T. - Institute for the Study of Labor (IZA) - 2013
This paper analyzes the causes of rising savings rates for the corporate, government, and household sectors, which have jointly contributed to the upsurge in aggregate savings in China in the past two decades. Government policies to rebalance the Chinese economy are also explored.
Persistent link: https://www.econbiz.de/10010791521
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Aggregate Savings and External Imbalances in China
Yang, Dennis T. - Institute for the Study of Labor (IZA) - 2012
Over the last decade, the internal and external macroeconomic imbalances in China have risen to unprecedented levels. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded 9 percent of GDP. The current paper presents a unified...
Persistent link: https://www.econbiz.de/10010791526
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Can Gerhard Schröder Do It? : Prospects for Fundamental Reform of the German Economy and a Return to High Employment
Collier, Irwin L. - 2004
The year 2003 has witnessed several major reform policy initiatives in Germany intended to contribute to a solution to Germany's high unemployment problem and to improve the longrun sustainability of its social welfare policies. These economic reforms are discussed within a larger macroeconomic...
Persistent link: https://www.econbiz.de/10010271930
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R&D Decisions and Productivity Growth: Evidence from Switzerland and the Netherlands
Dobbelaere, Sabien; König, Michael D.; Spescha, Andrin; … - 2024
The fraction of R&D active firms decreased in Switzerland but increased in the Netherlands from 2000-2016. This paper …-productivity firms in Switzerland. Innovation support sustains firms' R&D activities in both countries. Our structural growth model … identifies the impact of innovation, imitation and R&D costs on firms' R&D decisions. R&D costs gained importance in Switzerland …
Persistent link: https://www.econbiz.de/10014567545
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Can Gerhard Schröder Do It? Prospects for Fundamental Reform of the German Economy and a Return to High Employment
Collier, Irwin - Institute for the Study of Labor (IZA) - 2004
The year 2003 has witnessed several major reform policy initiatives in Germany intended to contribute to a solution to Germany's high unemployment problem and to improve the longrun sustainability of its social welfare policies. These economic reforms are discussed within a larger macroeconomic...
Persistent link: https://www.econbiz.de/10005763919
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An innovation index based on knowledge capital investment: definition and results for the UK market sector
Clayton, Tony; Dal Borgo, Mariela; Haskel, Jonathan - 2009
We (a) propose an implementable innovation index, (b) relate it to existing innovation definitions and (c) show whole-economy and industry-specific results for the UK market sector, 2000-2005. Our innovation measure starts by observing that we could get more GDP without innovation by simply...
Persistent link: https://www.econbiz.de/10010271890
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Knowledge Spillovers, ICT and Productivity Growth
Corrado, Carol; Haskel, Jonathan; Jona-Lasinio, Cecilia - 2014
This paper looks at the channels through which intangible assets affect productivity. The econometric analysis exploits a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU member states from 1998 to 2007. We find that (a) the...
Persistent link: https://www.econbiz.de/10010377291
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Knowledge Spillovers, ICT and Productivity Growth
Corrado, Carol; Haskel, Jonathan; Jona-Lasinio, Cecilia - Institute for the Study of Labor (IZA) - 2014
This paper looks at the channels through which intangible assets affect productivity. The econometric analysis exploits a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU member states from 1998 to 2007. We find that (a) the...
Persistent link: https://www.econbiz.de/10010790516