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the optimal terms of trade against peasants. In the present paper, by extending this model to an open economy and allowing … agricultural rationing, we first check if the model stands up to China's data from 1949-1992, we find that the importance of … consumption is also less than that of investment. Such findings are consistent with the reality of China. …
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-income countries such as China, India, and Brazil as new growth poles in the world, and their dynamic growth and climbing of the … --including those in Sub-Saharan Africa. Having itself been a"follower goose,"China is on the verge of graduating from low …
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Despite its heavy human, financial, and economic cost, the recent global recession provides a unique opportunity to reflect on the knowledge from several decades of growth research, draw policy lessons from the experience of successful countries, and explore new approaches going forward. In an...
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The authors develop an endogenous growth model that combines structural change with repeated product improvement. That is, the technologies in one sector of the model become not only increasingly capital-intensive, but also progressively productive over time. Application of the basic model to...
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sustained growth in the People's Republic of China (PRC) in the long run. We argue that the PRC has the potential to sustain …
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as Japan, newly industrialized economies (NIEs) in East Asia, and recently the People's Republic of China (PRC) and Viet …
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