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Over the last decade, a growing body of literature dealing with the phenom-enon of the "middle-income trap" (MIT) has emerged. The term MIT usually refers to countries that have experienced rapid growth and thus reached the status of a middle-income country (MIC) in a very short period of time,...
Persistent link: https://www.econbiz.de/10012196393
Over the last decade, a growing body of literature dealing with the phenomenon of the "middle-income trap" (MIT) has emerged. The term MIT usually refers to countries that have experienced rapid growth and thus reached the status of a middle-income country (MIC) in a very short period of time,...
Persistent link: https://www.econbiz.de/10011661331
Over the last decade, a growing body of literature dealing with the phenomenon of the “middle-income trap” (MIT) has emerged. The term MIT usually refers to countries that have experienced rapid growth and thus reached the status of a middle-income country (MIC) in a considerably short...
Persistent link: https://www.econbiz.de/10012984402
Views of the future China vary widely. While some believe that the collapse of China is inevitable, others see the emergence of a new economic superpower that increasingly poses a threat to the U.S. This paper examines the economic growth prospects of China over the next two decades....
Persistent link: https://www.econbiz.de/10014063864
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
selection results identify a role for conditional convergence, physical and human capital formation, population growth, degree …
Persistent link: https://www.econbiz.de/10005047864
There is agreement in the literature on economic growth concerning the transitory effects of capital accumulation on the process of economic development. However, controversy arises if this effect is permanent. In this sense, the key point is the embodied technological progress and whether...
Persistent link: https://www.econbiz.de/10011015258
dataset. More than the catching-up effect, we will measure the convergence for three emerging countries: Brazil …/China/India. We will compare the convergence between these countries and the productivity frontier represented by the U.S. over the … higher the level of productivity in an industry, the lower its growth rate, showing a convergence to the productivity …
Persistent link: https://www.econbiz.de/10011183780
In this paper, we analyze the role played by imports and investment on labor productivity and output in China from 1964 to 2004. In doing so, our analysis focuses on the role of technological progress incorporated into the Chinese economy through capital accumulation and imports, which could be...
Persistent link: https://www.econbiz.de/10010573381
dataset. More than the catching-up effect, we will measure the convergence for three emerging countries: Brazil …/China/India. We will compare the convergence between these countries and the productivity frontier represented by the U.S. over the … higher the level of productivity in an industry, the lower its growth rate, showing a convergence to the productivity …
Persistent link: https://www.econbiz.de/10013076053