Qin, Duo; Cagas, Marie Anne; Quising, Pilipinas; He, Xinhua - 2005
Investment-driven growth has long been regarded as a key development strategy in China. This paper investigates … become a regular force in driving investment since reforms, that non-demand-driven investment growth contributes to … increasing capital-output ratio far more than output growth, that government investment exerts a pivotal role in amplifying …