China's size limits its capacity to source further growth from exports and so the inevitable turn inward is in progress, as suggested by declining gross flows on its balance of payments relative to its GDP. Thus far, key home policy drivers have been fiscal expansion and public investment,...

The dependence of real income and inequality on changes in factor abundance, total factor productivity, factor bias, the relative cost of capital goods and the progressivity of the tax system are quantified using an elemental general equilibrium model with three households. Observed declines in...

We conjecture that a 'secondary services boom' is primarily responsible for the widespread nature of the gains in employment during Australia's recent 'China boom'. An economy‐wide model provides numerical theory for constructing hypotheses, which are tested econometrically. Predictions that...