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The Chinese economy does still not qualify as demand-driven economy. Its growth is based on investment. In fact successive waves of investment have emerged during the eighties and produced a piling-up of productive systems. A wave of small national enterprises and entrepreneurs, a second large...
Persistent link: https://www.econbiz.de/10005837180
Undervaluation of the currency is generally believed to affect growth through two main transmission channels: the “capital accumulation channel” and the “total factor productivity (TFP) growth channel”. This paper carries out the first empirical investigation on the TFP growth channel....
Persistent link: https://www.econbiz.de/10011260337
less efficient. However, so far this question is difficult to analyse for China since we lack information on one of the … the provinces of China between 1922 and 2010. Using our new dataset, together with physical capital and per capita GDP …, whereas until the reform period China was largely driven by capital accumulation, afterwards general technical development got …
Persistent link: https://www.econbiz.de/10011110187
investment in two major Asian economies, namely India and China. Autoregressive Distributed Lag (ARDL) bounds testing procedure … growth and (2) from economic growth to services. As for China, only unidirectional causality from services sector to economic …
Persistent link: https://www.econbiz.de/10005786970
China, a low income country about the same geographic size as the US and with over four times the population, has had … times larger than it was 26 years earlier! China’s population is expected to continue to slow, reaching near zero in 30 … about 0.6 percent in recent years. China is likely to become the US’ third largest trading partner, supplying relatively …
Persistent link: https://www.econbiz.de/10005789866