LU, LAN; McDONALD, IAN M. - In: The Singapore Economic Review (SER) 51 (2006) 03, pp. 283-301
This paper, through simulating an open economy model of China, investigates whether the current rate of saving in China … catch-up of total factor productivity in China to the level of high-income OECD countries, and an endogenous world rate of …; in fact, it is negative. Thus, to justify China's current rate of saving, the social planner would have to put a higher …