Rebalancing China's economy : what does growth theory tell us? /
This paper uses the standard one-sector neoclassical growth model to investigate why China's consumption has been low and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts that the price of capital may have been significantly dis...
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Main Author: | |
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Corporate Author: | |
Format: | Electronic eBook |
Language: | English |
Published: |
[Washington, D.C.] :
International Monetary Fund, Asia and Pacific Dept.,
2006.
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Series: | IMF working paper ;
WP/06/291. |
Subjects: | |
Online Access: |
Full text (Wentworth users only) |
Local Note: | ProQuest Ebook Central |