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Private consumption is a key component in the rebalancing of growth that China is seeking, and a challenging one. Not …. Understanding what drove the consumption share down to a mere 36% of GDP in China is thus vital. This brief explores the many … reasons for the high precautionary savings that followed in the wake of the reform process in China. In particular, the …
Persistent link: https://www.econbiz.de/10011291913
China's economy slowed significantly in the first three quarters of 2012 and questions have been raised on a possible … understand what is driving this slowdown and how lasting it may be given China's importance as an engine for global growth. Is …
Persistent link: https://www.econbiz.de/10011298658
Since the release of the 12th Five-Year Plan in 2011, a reform of China's household registration system – the so … so far (beyond some experiments at the provincial level). In the context of growing urbanisation pressures in China, a …
Persistent link: https://www.econbiz.de/10011298665
China's economy is at a cross roads. The factors that have driven its economic transformation over the last decades are …-income' trap, China's leaders are attempting to engineer a reorientation of the economy towards more sustainable sources of growth …. While considerable success has been achieved, more needs to be done more quickly before the authorities in China can prove …
Persistent link: https://www.econbiz.de/10011298680
this process of political transformation has been the recuperation of the historical memory, especially of those aspects …
Persistent link: https://www.econbiz.de/10009636557
Since 1995 Germany has barely managed to grow by 1.2% annually, with growth over the last four years averaging only 0.6%. In 2005, growth will again be below1%. With these low growth rates Germany has clearly fallen behind all the other European countries. The German economy is suffering from a...
Persistent link: https://www.econbiz.de/10011902490
While there has been some recovery since the depths of the Great Recession in 2009, both output and employment levels remain lower than they were pre-crisis in the EU-27. Indeed, the severity of the recession has been such that output has yet to return to 2007 levels in each of the largest...
Persistent link: https://www.econbiz.de/10012023023
Persistent link: https://www.econbiz.de/10012116924
This paper presents evidence for structural differences in economic growth dynamics between the current EU and the central- and eastern European accession countries. Two important results emerge from the analysis. First, accession countries have posted higher average growth and wider output...
Persistent link: https://www.econbiz.de/10009635910
This paper analyses the link between finance and growth by studying the effect that the process of financial deregulation and harmonisation of banking laws at the EU level has brought about on growth over the last 40 years. Our main findings point to the existence of a positive long-run growth...
Persistent link: https://www.econbiz.de/10009635911