Bai, Chong-En; Hsieh, Chang-Tai; Qian, Yingyi - In: Brookings Papers on Economic Activity 37 (2006) 2, pp. 61-102
significantly lower in China than in the rest of the world. We also find that the dispersion in the return to capital across Chinese …China’s investment rate is one of the highest in the world, a fact that leads one to suspect that the return to capital … in China must be quite low. Using data from China’s national accounts, this paper estimates the return to capital in …