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China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced …
Persistent link: https://www.econbiz.de/10010231008
of the service sector have increased significantly. Moreover, total factor productivity growth has increased faster in … services have also grown significantly in terms of both value-added share and productivity. The results are robust to different …
Persistent link: https://www.econbiz.de/10013334489
We analyze and compare the pattern of economic growth and development of China and South Korea in the postwar period … potentially valuable lessons for China. The Asian giant moved from low income to middle income very quickly but now faces the … challenge of graduating to high income. In this paper, we empirically assess the main drivers of economic growth in China and …
Persistent link: https://www.econbiz.de/10012206272
We analyze and compare the patterns of economic growth and development in the Japan, the People's Republic of China … productivity growth. We observe a striking similarity between the experience in the Republic of Korea and the PRC, which gives some …
Persistent link: https://www.econbiz.de/10012301178
This paper analyzes macroeconomic growth of the economies in Southeast Asia since the end of the Second World War. It argues that there appears a convergence in development strategy among the economies in this region in recent decades. With few exceptions, every economy in Southeast Asia has...
Persistent link: https://www.econbiz.de/10012893523
The so-called 'deep determinants' of economic growth and development (namely, geography, institutions, and integration) have been found to be decisive for the break out of stagnation and for explaining cross-country income differences by many empirical studies. However, so far, very little has...
Persistent link: https://www.econbiz.de/10012205937
- of education. The findings are used to suggest whether the People's Republic of China is successfully progressing through …
Persistent link: https://www.econbiz.de/10010501267
This essay develops a theory of the evolution of international income levels. In particular, it augments the Hansen-Prescott theory of economic development with the Parente-Prescott theory of relative efficiencies and shows that the unified theory accounts for the evolution of international...
Persistent link: https://www.econbiz.de/10012770826
This chapter develops a theory of the evolution of international income levels. In particular, it augments the Hansen–Prescott theory of economic development with the Parente–Prescott theory of relative efficiencies and shows that the unified theory accounts for the evolution of...
Persistent link: https://www.econbiz.de/10014023766
In examining some big questions on African development, we provide evidence that dynamics of some development indicators could support both endogenous and neoclassical growth theories in the convergence debate. This paper investigates convergence in real per capita GDP and inequality adjusted...
Persistent link: https://www.econbiz.de/10011410273