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Korea's population is aging at a faster pace than any other major country, and the adverse impact of this trend on the economy is predicted to be significant. This paper focuses on the macroeconomic effects of population aging with particular attention paid to the pace of aging in Korea....
Persistent link: https://www.econbiz.de/10014311907
As an economy with a population of 23 million, Taipei,China is enjoying the demographic dividend of economic growth …
Persistent link: https://www.econbiz.de/10012610117
In this paper, we present data on trends over time in domestic saving rates in twelve economies in developing Asia during the 1966-2007 period and analyze the determinants of these trends. We find that domestic saving rates in developing Asia have, in general, been high and rising but that there...
Persistent link: https://www.econbiz.de/10010332273
This paper highlights the employment patterns of China's over 45 population and, for perspective, places them in the … developing countries, China can be characterized as having two retirement systems: a formal system, under which urban employees … of exit from work are shown to be much greater in urban China than in rural areas, and also greater than observed in …
Persistent link: https://www.econbiz.de/10010282251
We study the relationship between finance and growth using a sample of 275 Chinese cities during 2009-2018. We exclude a large amount of bank loans to local governments through the local government financing vehicles (LGFVs). This allows us to construct a new and better financial development...
Persistent link: https://www.econbiz.de/10013427668
, with the initiation of the 'Strategic Emerging Industries' program. China's state-dominated banking system is seen as … corporate sector and GDP growth in China, (2) this relationship is non-linear in terms of Chinese regions and credit …
Persistent link: https://www.econbiz.de/10014329440
This study inspects the association between economic growth and imports from China, based on data sourced from 2000 to … GDP growth rate in the Peoples Republic of China. This hypothesis was rejected via the Granger causality test, as the only … implemented. The government of China should focus on policy implications that further promote export and substitute imported goods …
Persistent link: https://www.econbiz.de/10014332687
This paper studies China's four-fold increase in per capita GDP relative to the U.S. between 1995 and 2019. First, we … argue that China's growth pattern is very similar to that of several other East Asia economies that initially grew very … China's growth path and the growth paths of other East Asia economies at a similar stage of development. The growth paths of …
Persistent link: https://www.econbiz.de/10014377473
This study describes the Chinese growth model over the past 40 years. We show that China's growth model, with its …
Persistent link: https://www.econbiz.de/10014420767
Persistent link: https://www.econbiz.de/10014435482