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Broadberry, Guan and Li (2018) made estimates for China's GDP per capita from 980 to 1840 in order to date the onset of the Great Divergence between China and western European economies. In response to Solar's (2021) criticisms, they (2021) made some revisions to the estimates but largely...
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This report stats that income gaps among countries are largely explained by differences in productivity. By raising the capital/labor ratio and rapidly assimilating technologies across a wide range of activities, China has increased factor productivity manifold since 1980 and joined the ranks of...
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growth to a country. It is said that major macro variables such as GDP, Inflation, Interest Rate, and Current Account Balance …
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investigates to what extent this process affects output growth and inflation in the advanced countries. A GVAR model is specified … multipliers are also reduced by a sizeable effect on inflation, as Chinese firms participate in international production chains …
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