Introduction -- Acknowledgements -- China's growth potential to 2050 : a supply-side forecast based on cross-country productivity convergence and its featured labor force -- Is China's current slowdown a cyclical downturn or a long-run trend : a productivity-based analysis -- Policy implications...

1. China's growth potential to 2050 : a supply-side forecast based on cross-country productivity convergence and its featured labor force -- 2. Is China's current slowdown a cyclical downturn or a long-run trend? : A productivity-based analysis -- 3. Policy implications.

This paper develops a dynamic, life-cycle, general equilibrium model to study the interdependent demographic, fiscal, and economic transition paths of China, Japan, the U.S., and the EU. Each of these countries/regions is entering a period of rapid and significant aging requiring major fiscal...

China eventually becomes the world's saver and, thereby, the developed world's savoir with respect to its long-run supply of capital and long-run general equilibrium prospects. And, rather than seeing the real wage per unit of human capital fall, the West and Japan see it rise by one fifth by...