For the past nearly forty years, China has experienced average annual real GDP growth of close to ten percent, much of … expenditures. This paper documents the role of investment in driving economic growth in China, questions how much longer China can … reduction in investment. It also notes that investment in China remains broad-based across all economic sectors, with little …

The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and …

The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and …

For the past nearly forty years, China has experienced average annual real GDP growth of close to ten percent, much of … expenditures. This paper documents the role of investment in driving economic growth in China, questions how much longer China can … reduction in investment. It also notes that investment in China remains broad-based across all economic sectors, with little …

The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and …

The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and …

Investment has always played an important role in the economic development strategies of the People's Republic of China … had little effect. The data suggest that investment patterns in China are largely divorced from the industrial policies … government policies. The finding negates foreign concerns that the Chinese state via industrial policies such as “Made in China …

China's investment rate is one of the highest in the world, which naturally leads one to suspect that the return to … capital in China must be quite low. Using the data from China's national accounts, we estimate the rate of return to capital … in China. We find that the aggregate rate of return to capital averaged 25% during 1978-1993, fell during 1993-1998, and …

China's rapid economic growth over the past forty years was in good part driven by capital accumulation, with, in … growth in China, questions how much longer China can sustain high investment rates, and critically examines arguments … economic sectors, with little specialization. The foreign share of investment in China has become negligible, and the China …

This paper uses provincial time series data from China to empirically investigate two propositions relating to economic … have increased the rate of convergence in per capita incomes across China's provinces. However, the pattern of FDI, which …