Whether the People's Republic of China's (PRC) economic slowdown since the 2008 financial crisis is a cyclical downturn … determinants of productivity and uses counter-factual analysis to decompose the causes of the PRC's post-crisis slowdown. It finds … inventory and productivity, while the opposite is observed between employment involvement rate and productivity. Third …

China has achieved impressive growth over the last three decades. However, there has been debate over the sources of … quantifying their contributions to growth. In this paper, we develop a three-sector dynamic model to quantify the sources of China … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …

our key results to alternative data sets. -- China ; investment ; growth ; productivity ; capital market distortions …China has achieved impressive growth over the last three decades. However, there has been debate over the sources of … quantifying their contributions to growth. In this paper, we develop a three-sector dynamic model to quantify the sources of China …