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establishments to quantify the potential extent of misallocation in China and India versus the United States. We measure sizable gaps … in marginal products of labor and capital across plants within narrowly defined industries in China and India compared … observed in the United States, we calculate manufacturing TFP gains of 30%–50% in China and 40%–60% in India. …
Persistent link: https://www.econbiz.de/10009372619
a socialist economy, can its “negative influences” (speculation, booms and crashes) be minimized? These issues are …
Persistent link: https://www.econbiz.de/10008615005
Persistent link: https://www.econbiz.de/10011586319
Persistent link: https://www.econbiz.de/10009018399
Over the last millennium, the clan and the corporation have been the loci of cooperation in China and Europe respectively. This paper examines - analytically and historically - the cultural and institutional co-evolution that led to this bifurcation. We highlight that groups with which...
Persistent link: https://www.econbiz.de/10010486854
The People's Republic of China, commonly referred to as China, was formally established on October 1, 1949 under the rule of the Communist Party, and led by Mao Zedong. China, being one of the world's oldest civilizations, has a long and illustrious history that dates back well before 1949....
Persistent link: https://www.econbiz.de/10013085076
This paper investigates the relationship between economic growth and government debt for one of the biggest economies … in the world, the economy of China. The data were fitted into a regression equation using econometric techniques such as … 2011 for China. The results reveal that there are structural breaks in the economy of China but no Granger causality …
Persistent link: https://www.econbiz.de/10013074484
growth (GDS) rate by applying the Harrod Domar growth model in the case of the Chinese economy. This paper took an analysis …-integration relationship does exist between domestic saving growth and economic growth in the Chinese economy. Therefore, there was a stable …The objective of this paper is to find the causal relationship between economic growth (GDP) rate and domestic saving …
Persistent link: https://www.econbiz.de/10012979498
Over the last millennium, the clan and the corporation have been the loci of cooperation in China and Europe respectively. This paper examines - analytically and historically - the cultural and institutional co-evolution that led to this bifurcation. We highlight that groups with which...
Persistent link: https://www.econbiz.de/10013026626
One of the most important transitions of China from a centrally planned economy to a market-based economy was the …
Persistent link: https://www.econbiz.de/10011570117