This paper uses the standard one-sector neoclassical growth model to investigate why China’s consumption has been low … and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts … one form or the other, these distortions have implied significant transfers from households to firms. If China is to …

This research provides a grasp of China's energy needs and their implications for SSA countries in order to give a … balanced and better understanding of its role on the continent. More specifically, the aim is to understand why and how China … clearer knowledge of how the Chinese investment system works will help to assess the scope of the Chinese strategy and the …

We propose a quantitative theory of wealth creation and distribution during China's transitional growth from the early … wealth, whereas the majority working class, partly due to limited investment available from an underdeveloped financial … the model matches the rise in urban China’s wealth inequality since 1995 almost exactly. We further quantify the relative …