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...
Clasificación: | Libro Electrónico |
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Autor principal: | |
Autor Corporativo: | |
Formato: | Electrónico eBook |
Idioma: | Inglés |
Publicado: |
[Washington, D.C.] :
International Monetary Fund, Asia and Pacific Dept.,
2006.
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Colección: | IMF working paper ;
WP/06/291. |
Temas: | |
Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Contents
- I. INTRODUCTION
- II. CONSUMPTION, INVESTMENT, AND SAVINGS IN CHINA
- III. THE CHINESE ECONOMY AS A NEOCLASSICAL GROWTH MODEL
- IV. CALIBRATING THE GROWTH MODEL
- V. SIMULATING THE MODEL: THE FIRST CUT
- VI. INTRODUCING INVESTMENT WEDGE
- VII. FINANCIAL FRICTIONS AS INVESTMENT WEDGES
- VIII. CONCLUSIONS
- REFERENCES