China has achieved impressive growth over the last three decades. However, there has been debate over the sources of … quantifying their contributions to growth. In this paper, we develop a three-sector dynamic model to quantify the sources of China … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …

incomes from 1986 to 1999. Using a detailed household-level data set from rural China, we find robust evidence that initial …

China has achieved impressive growth over the last three decades. However, there has been debate over the sources of … quantifying their contributions to growth. In this paper, we develop a three-sector dynamic model to quantify the sources of China … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …

nearby markets significantly promoted local growth in China since 1990. In particular, expansions of road infrastructure … potential measures. While we find that improved regional integration promoted local GDP growth in China, we find no significant …

township and village enterprises in China. Our theoretical model explicitly considers the role of banks in determining …

incomes from 1986 to 1999. Using a detailed household-level data set from rural China, we find robust evidence that initial …