continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …China has achieved impressive growth over the last three decades. However, there has been debate over the sources of … role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and …

continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved … our key results to alternative data sets. -- China ; investment ; growth ; productivity ; capital market distortions …China has achieved impressive growth over the last three decades. However, there has been debate over the sources of …