FELIPE, JESUS; McCOMBIE, JOHN - In: Journal of International Commerce, Economics and Policy … 02 (2011) 02, pp. 305-324
Since the early 1990s, the number of studies using neoclassical models to understand the Chinese economy has mushroomed. In this paper, we review two examples of estimation of the rate of technical progress and one attempt at modelling investment. We identify their shortcomings and the problems...