Callaway, Brantly; Li, Tong; Rodrigue, Joel; Sasaki, Yuya; … - 2024
-mitigating technology, energy switching and productivity improvements. Interpreted through the lens of a resource misallocation framework …, China's 11th FYP increased aggregate productivity and output by 1.8% and 10.2%, respectively, through improved resource … allocation. Our model suggests efficient regulation could have further increased aggregate productivity by 3.5% and output by 4 …