Brandt, Loren; Zhu, Xiaodong - University of Toronto, Department of Economics - 2010
continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …China has achieved impressive growth over the last three decades. However, there has been debate over the sources of … to the role of rising rates of investment. Because labor reallocations across sectors, TFP growth at the sector level and …