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This paper uses the standard one-sector neoclassical growth model to investigate why China's consumption has been low … one form or the other, these distortions have implied significant transfers from households to firms. If China is to …
Persistent link: https://www.econbiz.de/10011807630
governance and economic growth at the provincial level in China during the reform era. I find a significant and positive effect … not been a key factor in China's rapid growth, and support the proposition that governance reforms are often a consequence …
Persistent link: https://www.econbiz.de/10013208723
This paper reconsiders two questions relating to India's economic growth: structural breaks in growth and the impact of equipment investment on aggregate economic growth. First, statistical tests of structural change show that economic growth in post-independence India has witnessed four...
Persistent link: https://www.econbiz.de/10012388913
Iran with Turkey and Russia with China to illustrate the negative effects of oil revenue on economic performance. The …
Persistent link: https://www.econbiz.de/10010330964
The desirability of WTO membership for China depends on whether its economic successes have been the result of its … discovery of new institutional forms (e.g. dual track pricing, SOE contracts, and fiscal contracts) that are optimal for China … advanced member of WTO. If the experimentalist interpretation of China''s phenomenal growth is correct, then WTO membership is …
Persistent link: https://www.econbiz.de/10010318608
employment front). This recovery was led by China's impressive performance, aided by a large stimulus package and easy credit …. But China needs to make efforts toward rebalancing its economy. Although private consumption has increased at a fast pace …
Persistent link: https://www.econbiz.de/10010286541
China using the quarterly province-level panel data for the period 1999 q1 to 2007 q4. Recently developed econometric … clear support of a stable long-run relationship between housing investment, non-housing investment and GDP in China. We then … country, while the impacts of housing investment on GDP behave strikingly differently in the three sub-regions of China. …
Persistent link: https://www.econbiz.de/10010321479
The main gateway for the Philippines to develop and become an upper-middle-income economy - and eventually, a high-income economy - is to expedite the shift of workers out of agriculture and to produce and export more complex products with a higher income elasticity of demand. The actual growth...
Persistent link: https://www.econbiz.de/10014474492
In a reply to Felipe and McCombie (2010a), Temple (2010) has largely ignored the main arguments that underlie the accounting identity critique of the estimation of production functions using value data. This criticism suggests that estimates of the parameters of aggregate production functions...
Persistent link: https://www.econbiz.de/10010318624
Many developing countries have attempted to pursue the East Asian growth model in recent decades. This model is widely perceived to have been based on export-led growth. Given that developed countries are likely to grow at a slower rate and be less willing to run trade deficits in the post...
Persistent link: https://www.econbiz.de/10010287820