productivity (TFP) growth in China. Our primary goal is to test Hicks' induced innovation hypothesis by examining whether technical … change in China has been induced by sharp increase in input prices that have accompanied its rapid economic growth. Utilizing … buffers a long-term decline in TFP growth that would otherwise be quite substantial. We conclude that China's economic growth …

We investigate the effect of rising labor costs on induced technological change in China's secondary industry. While …/environmental protection, there has been little evidence relating to China's adjustments as rising labor costs affect its global … rising wages have induced labor-saving innovation in China, at least in the decade of the 1990s, but less so or not at all …

We study the implications of financial-market imperfections on labor and capital misallocation in China. Financial … improving financial friction in China can lead to 3.9% welfare gain in China. …