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This paper uses the Shapley Value decomposition technique to assess the factors behind the rise of inequality in China. It finds that, in many ways, inequality may have been an inevitable by-product of China’s investment and export-led growth model. Between Chinese households, we find that the...
Persistent link: https://www.econbiz.de/10012667507
Persistent link: https://www.econbiz.de/10011307994
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This paper uses the Shapley Value decomposition technique to assess the factors behind the rise of inequality in China. It finds that, in many ways, inequality may have been an inevitable by-product of China's investment and export-led growth model. Between Chinese households, we find that the...
Persistent link: https://www.econbiz.de/10013075546
Based on the most comprehensive grain prices available, we employ a storage model to estimate consistent interest rates and compare capital market development in Britain and China. Interest rates for Britain were lower than China's on average by about three percentage points from 1770 to 1860....
Persistent link: https://www.econbiz.de/10013019495
Persistent link: https://www.econbiz.de/10012614078
Based on the most comprehensive grain prices available, we employ a storage model to estimate consistent interest rates and compare capital market development in Britain and China. Interest rates for Britain were lower than China's on average by about three percentage points from 1770 to 1860....
Persistent link: https://www.econbiz.de/10012457319
China’s service sector has experienced a rapid expansion since the late 2000s. Ac-cording to the official statistics, the service GDP share increased from 43% in 2007 to 55% in 2020. In this paper, we first present evidence from additional datasets showing that the recent rise of the service...
Persistent link: https://www.econbiz.de/10013309052