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High-speed rail as a new mode of intercity passenger transportation
Chao, Eugene; Vuchic, Vukan R.; Vashchukov, Aleksandr - 2019
High-speed rail is a new mode of intercity passenger transportation. The article reviews the history of the United States' (US) HSR development and makes a comparison with peer countries' HSR development. With the rapid progress of HSR and the successful competition with cars and air travel...
Persistent link: https://www.econbiz.de/10012007654
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Deintegration in the European Union and lessons for Asia
Robbani, Golam - 2020
The European Union (EU) is one of the most successful integration arrangements in the world. However, the …: Was the former French President, de Gaulle, right that the United Kingdom (UK) did not fit in the EU? Is it that the UK … government failed to redistribute the gains from EU membership equitably to the Britons who voted for Brexit? Is Brexit happening …
Persistent link: https://www.econbiz.de/10012198397
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Manufacturing as the key engine of economic growth for middle-income economies
Su, Dan; Yao, Yang - 2016
This paper revisits the role of the manufacturing sector during the middle-income stage. By exploiting a large dataset that covers internationally comparable sectoral information, we prove that the manufacturing sector is imbued with three important characteristics. First, for middle-income...
Persistent link: https://www.econbiz.de/10011476359
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Human capital, economic growth, and public expenditure
Bethencourt, Carlos; Perera-Tallo, Fernando - 2020
To understand the weak empirical relationship between human capital and macroeconomic performance, this paper presents a model in which human capital is allocated to three activities: production, tax collection (bureaucracy), and public education. The effective tax rate is low in poor countries...
Persistent link: https://www.econbiz.de/10012139717
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Two stages of economic development
Gong, Gang - 2016
This study suggests that the development process of a less-developed country can be divided into two stages, which demonstrate significantly different properties in areas such as structural endowments, production modes, income distribution, and the forces that drive economic growth. The two...
Persistent link: https://www.econbiz.de/10011576858
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Infrastructure and urbanization in the People's Republic of China
Li, Zhigang - 2017
The recent experience of infrastructure investment in the People's Republic of China (PRC) suggests an intertwined relationship between investment, urbanization, and economic growth. In one mechanism, urbanization generates demand for infrastructure investment, which then drives economic growth...
Persistent link: https://www.econbiz.de/10011585947
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The People's Republic of China in the middle-income trap?
Glawe, Linda; Wagner, Helmut - 2017
Over the last decade, a growing body of literature dealing with the phenomenon of the "middle-income trap" (MIT) has emerged. The term MIT usually refers to countries that have experienced rapid growth and thus reached the status of a middle-income country (MIC) in a very short period of time,...
Persistent link: https://www.econbiz.de/10011661331
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Urbanization and rural development in the People's Republic of China
Chen, Zhao; Lu, Ming; Ni, Pengtu - 2016
This paper presents research findings on how urbanization enhances productivity and economic growth in both urban and rural sectors. Through agglomeration effects, employment opportunities and income levels can largely increase. In addition, the mechanisms of sharing, matching, and learning are...
Persistent link: https://www.econbiz.de/10011553249
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Spatial estimation of the nexus between the PRC's foreign direct investment and ASEAN's growth
Uttama, Nathapornpan Piyaareekul - 2016
Forging closer economic relations between the People's Republic of China (PRC) and the Association of Southeast Asian Nations (ASEAN) over the last 2 decades has contributed to building a stronger ASEAN economy. It is particularly important to know how the PRC's foreign direct investment...
Persistent link: https://www.econbiz.de/10011555422
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Takeoffs, landing, and economic growth
Pakrashi, Debayan; Frijters, Paul - 2017
Economic growth in the East Asian economies was remarkable during the latter part of the 20th century, starting with Japan just after World War II, followed by the East Asian Tigers and "tiger cubs" after that and, most recently, the People's Republic of China and India. The high, sustained...
Persistent link: https://www.econbiz.de/10011591072