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The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and … ultimately unsustainable. But largely unnoticed, a shift has taken place. This paper examines the changes in investment patterns … economy-wide data with various breakdown. Significant shifts in investment patterns across sectors and ownership forms have …
Persistent link: https://www.econbiz.de/10012205874
The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and … ultimately unsustainable. But largely unnoticed, a shift has taken place. This paper examines the changes in investment patterns … economy-wide data with various breakdown. Significant shifts in investment patterns across sectors and ownership forms have …
Persistent link: https://www.econbiz.de/10011657882
it driven by investment and capital accumulation. By 2014, gross capital formation had reached 46 percent of aggregate … expenditures. This paper documents the role of investment in driving economic growth in China, questions how much longer China can … sustain a relatively high investment rate, and examines the arguments that have been offered for an impending drastic …
Persistent link: https://www.econbiz.de/10011659322
This paper investigates micro and macro determinants of firms' investment behaviour using firm data from 101 developing … relative to sales revenue. Using a multilevel probit model we study what factors trigger investment and using a multilevel … Heckman selection model we study what factors influence a firm's investment to sales ratio. Although we find that both micro …
Persistent link: https://www.econbiz.de/10010856457
Whether or not the marginal product of capital (MPK) differs across countries is a question that keeps coming up in discussions of comparative economic development and patterns of capital flows. We use easily accessible macroeconomic data to shed light on this issue, and find that MPKs are...
Persistent link: https://www.econbiz.de/10010928591
savings that are result from the lack of sophisticated savings channels. Hence, the investment depends on the individual …'s abilities on self savings, where the investment is considered as major motivating vehicle for economic activity due to its … and creating job opportunities and achieving economic development. Subsequently, the importance of the investment comes …
Persistent link: https://www.econbiz.de/10009223348
The study attempts to examine the impact of remittances on macroeconomic activities (private consumption and investment … investment and output growth, the study finds that although remittances do adversely affect private investment but the growth …
Persistent link: https://www.econbiz.de/10010639299
Investment has always played an important role in the economic development strategies of the People's Republic of China …. A major reform of the investment system in 2004 shifted the state's focus from direct investment control to industrial … policies designed to promote investment in specific economic sectors. But in reality, the industrial policies' preferences have …
Persistent link: https://www.econbiz.de/10012913852
expected technical change, the higher the firms's investment rate and the lower the households' savings rate, remaining …
Persistent link: https://www.econbiz.de/10012864372
The theory of welfare accounting shows that comprehensive measures of net investment can be used to test whether an … economy is following unsustainable paths of consumption. However, the notion of net investment used in most applied studies … expression of net investment derived from a dynamic growth model featuring international trade in different types of resource …
Persistent link: https://www.econbiz.de/10014183904