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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 unit root tests and Granger causality. Regarding unit...
Persistent link: https://www.econbiz.de/10013074484
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
, several existing growth-accounting studies reveal that impressively high rates of productivity growth have been at the heart … of China's performance. This study investigates to what extent these productivity increases can be explained by …-adoption framework. It can account for roughly 80% of China's productivity gains. -- technological progress ; technology adoption ; TFP …
Persistent link: https://www.econbiz.de/10003774716
Urbanization usually occurs with structural transformation driven by a "push" from agricultural productivity growth and … a "pull" from industrial productivity growth, and usually the former exceeds the latter. This paper presents a simple … helps explain why the PRC, whose industrial productivity growth exceeds its agricultural productivity growth, has …
Persistent link: https://www.econbiz.de/10011441160
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
high domestic savings rate among “thrifty” Chinese, savings alone cannot promote economic growth unless productivity has … Chinese data since 1952 and finds that measuring changes in total factor productivity between 1952 and 2005 can well capture …
Persistent link: https://www.econbiz.de/10013117752
foreign firms, the impact of spillover effect of inward FDI is contingent upon the productivity gap between the domestic firms … productivity gap between domestic low-productivity firms and foreign firms and works conversely for high-productivity firms. This … result suggests that once the productivity gap widens, the entry of foreign firms will increase the efficiency of high-productivity …
Persistent link: https://www.econbiz.de/10012890541
This paper examines the impact of highway expansion on aggregate productivity growth andsectoral reallocation between … indirect impact of trade costs on city productivity. I then construct an instrumentalvariable to examine the causal impact of … highways on economic outcomes and the underlyingchannels. The results suggest that highways promoted aggregate productivity …
Persistent link: https://www.econbiz.de/10012895102
its own productivity, but also has a substantial spill-over effect on the productivity of the downstream sector through …
Persistent link: https://www.econbiz.de/10012823217
present day. We study the impact of these public investments on plant productivity and resource allocation efficiency. We … than otherwise comparable plants. Using a quasi-experimental approach, we find that productivity rises and its cross … these productivity responses, results suggest that exit and entry in China are inefficient and distorted. Among continuers …
Persistent link: https://www.econbiz.de/10013212149