Lipschitz, Leslie; Rochon, Céline; Verdier, Geneviève - In: Journal of Asian Economics 22 (2011) 4, pp. 267-283
We present a stylized real model of the Chinese economy with the objective of explaining two features: (1) domestic production is highly competitive in the sense that an accumulation of capital that raises the marginal product of labor elicits increases in employment and output rather than only...