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reform is mainly due to productivity growth, and that the income inequality is increasing over time. This paper is a … here matches the magnitude of productivity growth, economic growth and change in Gini coefficients observed in China. On …This paper studies two striking stylized facts about China's reform: that the output growth in the early stage of the …
Persistent link: https://www.econbiz.de/10014146355
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
In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U …
Persistent link: https://www.econbiz.de/10012239797
“capital accumulation channel” and the “total factor productivity (TFP) growth channel”. This paper carries out the first …-induced” productivity improvement significantly enhance growth? And finally, what is the magnitude of the TFP growth channel compared to the … productivity. Most interestingly, our estimates suggest that this channel conveys the most important part of the growth …
Persistent link: https://www.econbiz.de/10011260337
We estimate the contribution of FDI to the efficiency and productivity growth in a cross-region regression framework …, utilising China¡¯s provincial data from 1984 to 1997. We find a bidirectional causal linkage between FDI and productivity growth … development becomes increasingly important to the labour productivity growth, and FDI has certain effects on labour productivity …
Persistent link: https://www.econbiz.de/10009351220
“capital accumulation channel” and the “total factor productivity (TFP) growth channel”. This paper carries out the first …-induced” productivity improvement significantly enhance growth? And finally, what is the magnitude of the TFP growth channel compared to the … productivity. Most interestingly, our estimates suggest that this channel conveys the most important part of the growth …
Persistent link: https://www.econbiz.de/10010700465
China’s unorthodox approach to economic transition has resulted in sustained high growth. However, in recent years … Chinese economists have increasingly referred to the growth pattern as “extensive”, generated mainly through the expansion of …-time level effects on TFP. China now needs to adjust its reform program towards sustained increases in productivity. Market and …
Persistent link: https://www.econbiz.de/10005651740
We document that the employment share of high-skill-intensive services is much lower in China than in countries with similar gross domestic product (GDP) per capita. We build a model of structural change with goods and low- and high-skill-intensive services to account for this observation. We...
Persistent link: https://www.econbiz.de/10012389576
) and the United States decreases, the growth rate of labor productivity within the country decreases. In other words, the … higher the level of productivity in an industry, the lower its growth rate, showing a convergence to the productivity …/China/India. We will compare the convergence between these countries and the productivity frontier represented by the U.S. over the …
Persistent link: https://www.econbiz.de/10013076053
lead to costs in terms of lower output and aggregate total factor productivity (TFP). We use a theoretical framework …
Persistent link: https://www.econbiz.de/10012960923