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China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10010231008
Persistent link: https://www.econbiz.de/10009632825
Persistent link: https://www.econbiz.de/10013465409
Using adata fundamentalist approach,ʺ this study revisits the long debate about Chinas growth performance by seriously tackling the existing data problems that have been the major obstacles to a proper assessment of Chinas growth performance. First, this study examines and adjusts the serious...
Persistent link: https://www.econbiz.de/10009153228
Broadberry, Guan and Li (2018) made estimates for China's GDP per capita from 980 to 1840 in order to date the onset of the Great Divergence between China and western European economies. In response to Solar's (2021) criticisms, they (2021) made some revisions to the estimates but largely...
Persistent link: https://www.econbiz.de/10012820691
This paper examines the economic performance of financial resources in China's provinces for the period 1985-1998. The empirical results indicate that different financial resources have different impacts on the economic growth. The growth of national bank loans and self-raised funds are...
Persistent link: https://www.econbiz.de/10013011156
This paper constructs a growth model that is consistent with salient features of the Chinese growth experience since 1992: high output growth, sustained returns on capital investments, extensive reallocation within the manufacturing sector, falling labor share and accumulation of a large foreign...
Persistent link: https://www.econbiz.de/10005123794
By using the sources of investment and based on provincial data, this paper examines the efficiency performance of the … four sources of total investment in fixed assets in China for the period 1985-1998: state budget appropriation, national … bank loans, self-raised funds, and foreign investment. The result of the panel data study shows that the growth of …
Persistent link: https://www.econbiz.de/10013011152
We propose a theory linking imperfect information to resource misallocation and hence to aggregate productivity and output. In our setup, firms look to a variety of noisy information sources when making input decisions. We devise a novel empirical strategy that uses a combination of firm-level...
Persistent link: https://www.econbiz.de/10013032125