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Capital estimates are widely used in economic growth and productivity studies, for profitability considerations and … wealth accounting exercises. Yet the calculation of "capital" frequently receives only cursory attention, despite the …) calculates long-run provincial (and national) physical capital series for China, (ii) distinguishes between capital services and …
Persistent link: https://www.econbiz.de/10011653808
sense of very high investment and very low consumption, giving rise to rapid capital accumulation; and an imbalance between … can be sustained and how they might be redressed. There is no evidence that the rapid capital accumulation has reduced the … rate of profit on capital and thus the incentive to invest. However, persistent external imbalance poses a threat to …
Persistent link: https://www.econbiz.de/10013123488
Rebalancing growth in favor of domestic consumption has been an objective of Chinese policy makers for over two decades. However, until recently little progress has been achieved. This article argues that the nature of the demand regime is a major reason for the limited rebalancing operated thus...
Persistent link: https://www.econbiz.de/10013229296
While China's growth gathered momentum in 2017, rebalancing was uneven anddecelerated along many dimensions reflecting the temporary factors behind the growthpickup. Going forward, rebalancing is expected to proceed as these temporary factorsrecede, but elevated income inequality and leverage...
Persistent link: https://www.econbiz.de/10012864123
This study examines the meaningful relationship between economic growth, and service sector contribution and domestic investment in two major Asian economies, namely India and China. Autoregressive Distributed Lag (ARDL) bounds testing procedure is employed to analyze the impact of the selected...
Persistent link: https://www.econbiz.de/10005786970
it driven by investment and capital accumulation. By 2014, gross capital formation had reached 46 percent of aggregate …
Persistent link: https://www.econbiz.de/10012953882
Capital estimates are widely used in economic growth and productivity studies, for profitability considerations and … wealth accounting exercises. Yet the calculation of “capital” frequently receives only cursory attention, despite the …:(i) calculates long-run provincial (and national) physical capital series for China, (ii) distinguishes between capital services and …
Persistent link: https://www.econbiz.de/10012954571
Capital estimates are widely used in economic growth and productivity studies, for profitability considerations and … wealth accounting exercises. Yet the calculation of “capital” frequently receives only cursory attention, despite the …) calculates long-run provincial (and national) physical capital series for China, (ii) distinguishes between capital services and …
Persistent link: https://www.econbiz.de/10012955667
it driven by investment and capital accumulation. By 2014, gross capital formation had reached 46 percent of aggregate …
Persistent link: https://www.econbiz.de/10011659322
We analyze China's sovereign debt by constructing balance sheets for China's government and public sector. We find that China's government debt-to-GDP ratio is lower than that of most large developed economies.We also find the debt-to-asset ratio of China's government and public sector...
Persistent link: https://www.econbiz.de/10013013660