A notable contrast in modern economic history has been the rapid economic growth of China and the slower and volatile …-fertilization of experiences. Total factor productivity comparisons suggest that capital accumulation in China coupled with more … inequality, their growth trajectories have been divergent. What can Africa learn from China? Although the lessons vary depending …

This paper analyzes the impact of international remittances on poverty and household consumption and investment using …, households receiving remittances in 2007 spent less at the margin on one important investment good -- housing -- compared with … consumption rather than investment goods …

especially in populous countries, counteracted by catch-up growth in average incomes, particularly in China. Interpersonal …

increase in private sector credit supporting private investment. This was facilitated by a prudent and accommodative regional … monetary policy and improved financial regulation. Pro-cyclical fiscal policies supported public infrastructure investment but …

This paper investigates the role of fiscal guarantees in promoting infrastructure investment. Infrastructure is a … give guarantees for reasons of fiscal prudence. The paper argues that governments and large investment guarantee agencies … be fiscally prudent and yet boost investment, especially in infrastructure, and thereby promote growth …

Few economic ideas are as intuitive as the notion that increasing investment is the best way to raise future output … patterns of investment and capital formation were not the main factors that led nations to be rich or poor, fast-growing or … national investment rates can produce major increases in rates of economic growth. The authors find that although the capital …

China has quickly become the largest e-commerce market in the world. By matching a nationally representative China …-commerce development has shaped household consumption growth in China. The paper presents three major findings. First, e …

development in China, as it has in countries with higher levels of private sector development …

. Their pricing power supports their high intangible capital investment. Some exceptional firms may pose concerns due to their …