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The development of the service sector in the People's Republic of China has not kept pace with the country's overall economic development. The share of employment in services is still lagging behind that of output and is also below the international norm. Moving from traditional services to...
Persistent link: https://www.econbiz.de/10009781167
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
of adjustments which result in more consistent long-run series of labour productivity for 21 manufacturing sectors from … cent in 1980. The comparative analysis of labour productivity points to a long period of Chinese growth without catch up … productivity increased from 5.3 per cent of the US level in 1995 to 13.7 per cent in 2002. -- China ; manufacturing ; productivity …
Persistent link: https://www.econbiz.de/10003103126
of adjustments which result in more consistent long-run series of labour productivity for 21 manufacturing sectors from … cent in 1980. The comparative analysis of labour productivity points to a long period of Chinese growth without catch up … productivity increased from 5.3 per cent of the US level in 1995 to 13.7 per cent in 2002 …
Persistent link: https://www.econbiz.de/10014063304
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/10012205638
This paper studies China's four-fold increase in per capita GDP relative to the U.S. between 1995 and 2019. First, we argue that China's growth pattern is very similar to that of several other East Asia economies that initially grew very quickly. Second, we show that a minimalist...
Persistent link: https://www.econbiz.de/10014293308
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
/China/India. We will compare the convergence between these countries and the productivity frontier represented by the U.S. over the … past 10 years. A first contribution is that as the distance between the level of labor productivity in Brazil (China, India …) and the United States decreases, the growth rate of labor productivity within the country decreases. In other words, the …
Persistent link: https://www.econbiz.de/10013076053
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