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(unskilled) labor in the economy. Thus, given that environmental degradation reduces labor productivity of the rural poor, it may …
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Shock has affected the future growth rates of productivity, employment level, workforce composition, wages, export …, workforce composition, wages per employee, productivity, and domestic sales. While the current growth rate of export performance …
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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 that the price of capital may have been significantly...
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