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The fundamental, underlying factors of development are often neglected when analyzing the question why countries experience a growth slowdown at the middle-income range. Although these so-called ‘deep determinants' such as geography and institutions have been found to be decisive for the break...
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In recent years, a growing body of economic literature has focused on the phenomenon of the so-called middle-income trap (MIT). The term usually refers to countries that have experienced rapid growth and thus quickly reached middle-income status, but then failed to overcome that income range to...
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This paper develops a stylized multi-sector growth model of China's economy. We choose a neoclassical modeling approach … and focus on the reform process under Deng Xiaoping as China's main growth driver since 1978. Following the literature, we …-trade reform period (1992-present). Reflecting the neoclassical view, our model explains China's growth process since 1978 by a …
Persistent link: https://www.econbiz.de/10012962973
China is or will also be confronted with such a trap. This paper analyzes the Chinese MIT situation taking into account both … survey the recent literature, but also make our own MIT forecasts and analyze under which conditions China could be caught in …
Persistent link: https://www.econbiz.de/10012984402
on the institution-economic growth nexus within a particular country, namely China. China is often regarded as an … economic success of a province in China, “trumping” geographical factors and integration which only have an indirect effect by …
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