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China is experiencing population ageing caused by a rapidly declining fertility rate and increased life expectancy … circumstances, China’s shrinking population will shave off 1.4 percent from GDP growth annually. These results, however, do not take … into account the impact of population aging on labour productivity. China’s fast move towards robotisation and artificial …
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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 …
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manufacturing sector of China and India. We first provide a comparison between India and China using a broad international … perspective. We find that China has increased its labor productivity to a level above that of India, but due to a somewhat higher … compensation level, China is still somewhat at a disadvantage in terms of unit labor cost in manufacturing relative to India. In …
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