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Africa's economic performance has been widely viewed with pessimism. This paper uses firm-level data for 89 countries to examine formal firm performance. Without controls, manufacturing African firms do not perform much worse than firms in other regions. But they do have structural problems,...
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Africa's economic performance has been widely viewed with pessimism. This paper uses firm-level data for 89 countries to examine formal firm performance. Without controls, manufacturing African firms do not perform much worse than firms in other regions. But they do have structural problems,...
Persistent link: https://www.econbiz.de/10012557983
sustained growth in the People's Republic of China (PRC) in the long run. We argue that the PRC has the potential to sustain …, structural readjustment, which is needed in many areas, should similarly be able to support the Chinese economy. This paper …
Persistent link: https://www.econbiz.de/10011255218
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. …
Persistent link: https://www.econbiz.de/10009363296
as Japan, newly industrialized economies (NIEs) in East Asia, and recently the People's Republic of China (PRC) and Viet …
Persistent link: https://www.econbiz.de/10009363499
Deflationary expansion has puzzled economists both in and outside China. We study this business cycles phenomenon … variables. The high steady state of growth could be explained by the current institutional environment of China. …
Persistent link: https://www.econbiz.de/10009363924