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This paper both discusses and evaluates the role of tax policy in the Korean growth process from the early 1960s to the late 1980s. It begins by reviewing the evolution of Korean policy over this developmental sequence, emphasizing three distinct regime switches, and the tax policies which were...
Persistent link: https://www.econbiz.de/10012475656
This paper develops a human capital measure in the sense of Schultz (1960) and then reevaluates the contribution of human capital to China's economic growth. The results indicate that human capital plays a much more important role in China's economic growth than available literature suggests,...
Persistent link: https://www.econbiz.de/10012462065
We argue that the demographic changes caused by the one child policy (OCP) may not harm China's long-term growth. This attributes to the higher human capital induced by the intergenerational transfer arrangement under China's poor-functioning formal social security system. Parents raise their...
Persistent link: https://www.econbiz.de/10012459501
This paper analyzes the effects of the reforms initiated in India following the balance of payments (BOP) crisis of 1991 on economic performance. We do not find persuasive the contention of many analysts that growth accelerated after the mid-1980s when reforms were initiated. Nor does...
Persistent link: https://www.econbiz.de/10012459638
Recent writings on China's water situation often portray China's water problems as severe and suggest that water availability could threaten the sustainability of China's future growth. However, China's high growth of the last 20 years or more has been obtained with relatively little increase in...
Persistent link: https://www.econbiz.de/10012460535
Numerical simulation analysis of bargaining solutions is little developed in existing literature. Here we use a multi country, single period numerical general equilibrium model which captures China and her major trading partners and examine the outcomes of trade policy bargaining solutions...
Persistent link: https://www.econbiz.de/10012460832
/capita, shares in world trade and market capitalization attributable both jointly and single to China, India, and Brazil (the three … 2009, changing Northern and Southern shares in world trade which fall for the North from 82.3% to 64.4% and rise for the … China. We suggest that the conventional view of a North-South bipolar world may need recasting into a tripolar world of the …
Persistent link: https://www.econbiz.de/10012460976