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Tertiarization Like China
Chen, Xilu; Pei, Guangyu; Song, Zheng Michael; … - National Bureau of Economic Research - 2022
We document a process of rapid tertiarization of the Chinese economy since 2005. The employment and value-added shares of the service sector have increased significantly. Moreover, total factor productivity growth has increased faster in the service sector than in the manufacturing sector....
Persistent link: https://www.econbiz.de/10013334489
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Is the Electricity Sector a Weak Link in Development?
Colmer, Jonathan; Lagakos, David; Shu, Martin - National Bureau of Economic Research - 2024
This paper asks whether increasing productivity in the electricity sector can yield larger long-run GDP gains than suggested by electricity's small share of aggregate economic activity. We answer this question using a dynamic multi-sector model in which electricity is a strong complement to...
Persistent link: https://www.econbiz.de/10014468241
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Mismatch and Assimilation
Wang, Ping - 2018
Income disparity across countries has been large and widening over time. We develop a tractable model where factor requirements in production technology do not necessarily match a country's factor input profile. Appropriate assimilation of frontier technologies balances such multi-dimensional...
Persistent link: https://www.econbiz.de/10012480613
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From Imitation to Innovation : Where Is all that Chinese R&D Going?
König, Michael - 2020
distribution of R&D and TFP growth in China during the period 2007--2012. The estimated model fits the Chinese data well. We …
Persistent link: https://www.econbiz.de/10012481599
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From “Made in China” to “Innovated in China” : Necessity, Prospect, and Challenges
Wei, Shang-Jin - 2016
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 …
Persistent link: https://www.econbiz.de/10012455826
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The Global Productivity Slump : Common and Country-Specific Factors
Eichengreen, Barry - 2015
Productivity growth is slowing around the world. In 2014, according to the Conference Board's Total Economy Data Base, the growth of total factor productivity (TFP) hovered around zero for the third straight year, down from 1 per cent in 1996-2006 and ½ per cent in 2007-12. In this paper we...
Persistent link: https://www.econbiz.de/10012457113
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Accounting for the Duality of the Italian Economy
Fernández-Villaverde, Jesús; Laudati, Dario; Ohanian, … - National Bureau of Economic Research - 2023
After 162 years of political unification, Italy still displays large regional economic differences. In 2019, the per capita GDP of Lombardia was 39,700 euros, but Calabria's per capita GDP was only 17,300 euros. We build a two-region, two-sector model of the Italian economy to measure the wedges...
Persistent link: https://www.econbiz.de/10014322687
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Economic Growth and Convergence, Applied Especially to China
Barro, Robert J. - 2016
From the perspective of conditional convergence, China's GDP growth rate since 1990 has been surprisingly high. However …, China cannot deviate forever from the global historical experience, and the per capita growth rate is likely to fall soon … from around 8% per year to a range of 3 4%. China can be viewed as a middle-income convergence-success story, grouped with …
Persistent link: https://www.econbiz.de/10012456800
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Asiaphoria Meets Regression to the Mean
Pritchett, Lant - 2014
substantially shift towards Asia and especially towards the Asian Giants, China and India. While such forecasts may pan out, there … are substantial reasons that China and India may grow much less rapidly than is currently anticipated. Most importantly … discontinuities account for a large fraction of the variation in growth rates. We suggest that salient characteristics of China …
Persistent link: https://www.econbiz.de/10012458092
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The Contribution of China, India and Brazil to Narrowing North-South Differences in GDP/capita, World Trade Shares, and Market Capitalization
Wang, Jing - 2011
/capita, shares in world trade and market capitalization attributable both jointly and single to China, India, and Brazil (the three … time. In contrast the North-China gap falls from 57.2 to 13.1 between 1990 and 2009, and India from 70.4 to 38.1 using … market exchange rates and from 23.4 to 5.5 for China and from 20.7 to 11.4 for India using PPP rates. We calculate the …
Persistent link: https://www.econbiz.de/10012460976