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model. Our key finding is that China would need to sustain total factor productivity growth at the top end of the range … exceptionally high pace of productivity growth will be needed for Chinese per capita incomes to reach even 50 percent of the U ….S. level by 2040. We argue that lagging institutional development represents the chief obstacle to the needed productivity …
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The pace of GDP growth in China has shifted from an average of 10 per cent between 1980 and 2010 to below 7 per cent recently. This change is to some extent desirable, if the moderated growth reflects a successful transition towards a more efficient, inclusive and sustainable economy. However,...
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China's proclaimed aim of becoming the world's leader in science, technology and innovation by the mid twenty first …
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The People's Republic of China's (PRC) remarkable growth performance over the last 3 decades has been associated to very robust export growth, so much so that many refer to it as a clear example of export-led growth (ELG). Using the concept of the balance-of-payments equilibrium (BOPE) growth...
Persistent link: https://www.econbiz.de/10012892042
The People's Republic of China's (PRC) remarkable growth performance over the last 3 decades has been associated to very robust export growth, so much so that many refer to it as a clear example of export-led growth (ELG). Using the concept of the balance-of-payments equilibrium (BOPE) growth...
Persistent link: https://www.econbiz.de/10011896368
In this article, I present a pedagogical strategy for teaching the Solow’s economic growth model in a more “learnable” way. In particular, I develop a learning strategy through the building of economic growth scenarios by “running” widely available economic information in a...
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