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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
We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011667675
This paper have presented the kernel of the migration literature on remittances. It started from their three most debated features: stability, cyclicality and sustainability. Then moved to the motives driving remittances and, finally, their relationship with development. Both sustainability and...
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-- 11. Financial Reform in Australia and China -- 12. Financial Openness of China and India -- 13. Increasing the Resilience … and China's Long-Term Growth and Development -- 2. China's Shift from the Demographic Dividend to the Reform Dividend -- 3 …. Structural Imbalance, Inequality and Economic Growth -- 4. State Control, Entrepreneurship and Resource Allocation -- 5. China …
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Fifty years ago, China sent more than 16 million urban youths aged 16-19 to rural villages to work and they spent …
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