This paper explores macroeconomic policies that can sustain structural change in China and India. A two-sector open … economic activity is calibrated to a 2000 SAM for China and a 1999/2000 SAM for India. Short-run analysis concerns temporary … change ; endogenous productivity ; dual economy ; China ; India …

Starting in the 1980s, China’s economic growth has been characterized by a rapid acceleration. Even though the Asian … financial crisis caused China’s growth to decelerate somewhat, the very high growth rates that picked up again in 2000 have more … than doubled per-capita income and total GDP in just a decade.Since the 1990s, but especially during the 2000s, China …