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Semiconductors represent a major building block of high-tech industry. This chapter analyzes the trajectory of China … hybrid firms based in China but with offshore ownership and financing. China has pursued policies aiming to build a globally …. As a result, China's semiconductor industry appears locked into a path that combines quantitative expansion with low …
Persistent link: https://www.econbiz.de/10012836792
China's growth potential has become a hotly debated topic as the economy has reached an income level susceptible to the … literature has largely focused on macro level aggregates, which are ill suited to understanding China's significant structural … transformation and its impact on economic growth. To fill the gap, this paper takes a deep dive into China's convergence progress in …
Persistent link: https://www.econbiz.de/10012843511
We examine the role of capital account policy pertaining to productivity growth and labor allocation at the sectoral level. Using panel data from 45 countries from 1985–2012, we find that capital controls combined with reserve accumulation — strategic capital account policy — contribute to...
Persistent link: https://www.econbiz.de/10012844518
Broadberry, Guan and Li (2018) made estimates for China's GDP per capita from 980 to 1840 in order to date the onset of … the Great Divergence between China and western European economies. In response to Solar's (2021) criticisms, they (2021 … for China's population and its implications for dating the Great Divergence. This working paper assesses their revisions …
Persistent link: https://www.econbiz.de/10012820691
neither poor nor rich in the developed world, we estimate that China's global middle class grew rapidly after 2002, reaching …
Persistent link: https://www.econbiz.de/10012870136
emerging market countries such as China, India and Brazil are also engaged in industrial upgrading but with a critical … difference. In particular, because of its sheer size, China has absorbed nearly all labor-intensive jobs and become the world …?s largest exporter of labor-intensive products. The current view is that China?s dominance hinders poor countries from …
Persistent link: https://www.econbiz.de/10012975353
This paper tests a neo-Schumpeterian model with industry-level data to analyze how Brazil, India, and China are … a necessary complement to liberalization. South Korea and China combined a variety of distance-shortening policies with … competition to spur catch-up. In comparison, Brazil, which was as rich as South Korea, and India, which was as rich as China in …
Persistent link: https://www.econbiz.de/10013009062
leveraged the latecomer advantage, including emerging market economies such as the People's Republic of China (PRC), India, and …
Persistent link: https://www.econbiz.de/10013024716
While structural transformation, driven by technological progress, productivity growth, and capital deepening, has contributed to Asia's sustained rapid growth, its effect on income inequality is uncertain. The central objective of our paper is to empirically examine the effect of structural...
Persistent link: https://www.econbiz.de/10012986571
This study explores China's economic growth performance and prospects in global and Asian comparative perspectives …. Using a general framework of cross-country analysis, the study identifies and discusses major factors underlying China … industry-level data to assess structural changes and sectoral growth in the Chinese economy. China's low initial per capita …
Persistent link: https://www.econbiz.de/10012991388