Showing 1 - 10 of 1,379
This paper develops a stylized multi-sector growth model of China's economy. We choose a neoclassical modeling approach … and focus on the reform process under Deng Xiaoping as China's main growth driver since 1978. Following the literature, we …-trade reform period (1992-present). Reflecting the neoclassical view, our model explains China's growth process since 1978 as a …
Persistent link: https://www.econbiz.de/10012205644
between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can … (economic growth). Our findings for the Associations of Southeast Asian Nations (ASEAN), People Republic of China and India (ACI …) economies are two-fold: first, we observed that for low values of economic growth, inequality and growth bear an inverted U …
Persistent link: https://www.econbiz.de/10010531112
This paper develops a stylized multi-sector growth model of China's economy. We choose a neoclassical modeling approach … and focus on the reform process under Deng Xiaoping as China's main growth driver since 1978. Following the literature, we …-trade reform period (1992--present). Reflecting the neoclassical view, our model explains China's growth process since 1978 as a …
Persistent link: https://www.econbiz.de/10012196394
-economy model with endogenous productivity growth, demand driven output and income distribution as an important determinant of … equilibria for output, productivity and employment growth rates in the formal sector. In the long-run, the model allows for … multiple equilibria which can describe cases of (a) underdevelopment and structural heterogeneity or (b) sustained growth and …
Persistent link: https://www.econbiz.de/10010288105
-economy model with endogenous productivity growth, demand driven output and income distribution as an important determinant of … equilibria for output, productivity and employment growth rates in the formal sector. In the long-run, the model allows for … multiple equilibria which can describe cases of (a) underdevelopment and structural heterogeneity or (b) sustained growth and …
Persistent link: https://www.econbiz.de/10008937618
Market frictions prevent the efficient allocation of factors of production, slow down structural transformation and lead to costs in terms of lower output and aggregate total factor productivity (TFP). We use a theoretical framework developed by Aoki (2012) featuring sector-specific frictions on...
Persistent link: https://www.econbiz.de/10012960923
Structural transformation is a key feature of economic development. Traditional literature attributes it to changes in the sectoral composition of consumption. Different from it, we argue that the "servici fication" of investment goods, which is induced by investment-specific technological...
Persistent link: https://www.econbiz.de/10012932323
We document that the nature of business cycles evolves over the process of development and structural change. In countries with large declining agricultural sectors, aggregate employment is uncorrelated with GDP.During booms, employment in agriculture declines while labor productivity increases...
Persistent link: https://www.econbiz.de/10012863612
-economy model with endogenous productivity growth, demand driven output and income distribution as an important determinant of … equilibria for output, productivity and employment growth rates in the formal sector. In the long-run, the model allows for … multiple equilibria which can describe cases of (a) underdevelopment and structural heterogeneity or (b) sustained growth and …
Persistent link: https://www.econbiz.de/10010594722
--economy model with endogenous productivity growth, demand driven output and income distribution as an important determinant of … equilibria for output, productivity and employment growth rates in the formal sector. In the long--run, the model allows for … multiple equilibria which can describe cases of (a) underdevelopment and structural heterogeneity or (b) sustained growth and …
Persistent link: https://www.econbiz.de/10008838122