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Tertiarization Like China
Chen, Xilu; Pei, Guangyu; Song, Zheng Michael; … - National Bureau of Economic Research - 2022
We document a process of rapid tertiarization of the Chinese economy since 2005. The employment and value-added shares of the service sector have increased significantly. Moreover, total factor productivity growth has increased faster in the service sector than in the manufacturing sector....
Persistent link: https://www.econbiz.de/10013334489
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The Republic of Korea's economic growth and catch-up : implications for the People's Republic of China
Lee, Jong-Wha - 2016
Korea's experience implies that the People's Republic of China's potential growth rates are likely to slow in the coming … People's Republic of China needs to upgrade its institutional quality and improve productivity, particularly in its services …
Persistent link: https://www.econbiz.de/10011471510
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The changing patterns of investment in the PRC economy
Holz, Carsten A. - 2017
The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and …
Persistent link: https://www.econbiz.de/10011657882
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China's investment rate : implications and prospects
Holz, Carsten A. - 2017
For the past nearly forty years, China has experienced average annual real GDP growth of close to ten percent, much of … expenditures. This paper documents the role of investment in driving economic growth in China, questions how much longer China can … reduction in investment. It also notes that investment in China remains broad-based across all economic sectors, with little …
Persistent link: https://www.econbiz.de/10011659322
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The changing patterns of investment in the PRC economy
Holz, Carsten A. - 2017
The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and …
Persistent link: https://www.econbiz.de/10012205874
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The transition of China to sustainable growth : implications for the global economy and the euro area
Dieppe, Alistair (ed.); Gilhooly, Robert (ed.);  … - 2018
China's rise has been the economic success story of the past four decades but economic growth has been slowing and … domestic imbalances have widened. This paper analyses the recent evolution of China's imbalances, the risks they pose to the … economic outlook and the potential impact of a transition to sustainable growth in China on the global and euro area economies …
Persistent link: https://www.econbiz.de/10011792634
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China's Economic Growth and Convergence
Lee, Jong-Wha - 2016
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
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The Republic of Korea's Economic Growth and Catch-Up : Implications for the People's Republic of China
Lee, Jong-Wha - 2016
Korea's experience implies that the People's Republic of China's potential growth rates are likely to slow in the coming … People's Republic of China needs to upgrade its institutional quality and improve productivity, particularly in its services …
Persistent link: https://www.econbiz.de/10012992256
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China's march to prosperity : reforms to avoid the middle-income trap
Koen, Vincent; Herd, Richard; Hill, Sam - 2013
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced …
Persistent link: https://www.econbiz.de/10010231008
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The Transition of China to Sustainable Growth – Implications for the Global Economy and the Euro Area
Dieppe, Alistair - 2018
China's rise has been the economic success story of the past four decades but economic growth has been slowing and … domestic imbalances have widened. This paper analyses the recent evolution of China's imbalances, the risks they pose to the … economic outlook and the potential impact of a transition to sustainable growth in China on the global and euro area economies …
Persistent link: https://www.econbiz.de/10012928882