relatively favorable demographic pattern in combination with market-oriented reforms and openness to the world economy, China is …, we assess the likelihood that China can make the necessary transition. Using data on expenditure on research and …

This paper reviews recent literature on China's macroeconomic development, emphasizing the critical role of the … gradualist approach over the past four decades. Beyond China's structural transformation, we explore various aspects such as high … illustrates how China's gradual policy reforms, amidst highly imperfect financial markets, have effectively helped spur GDP growth …

Industrialization experiences differ significantly across countries. We use a bench-mark model of structural change to … countries can generate variation in industrialization experiences similar to those found in the data, including premature …

shifting away from their sector of specialization, rural labor markets saw faster wage growth and industrialization than non …