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increases productivity by 2 percent and output by 3 percent as it improves the allocation of resources across firms and sectors …
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from China, sector-level simulations show that eliminating the non-productive value would significantly increase the …
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here matches the magnitude of productivity growth, economic growth and change in Gini coefficients observed in China. On …This paper studies two striking stylized facts about China's reform: that the output growth in the early stage of the … reform is mainly due to productivity growth, and that the income inequality is increasing over time. This paper is a …
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