| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5087374 | Journal of Asian Economics | 2011 | 17 Pages |
Abstract
⺠We present a stylized real neoclassical growth model of the Chinese economy. ⺠It explains that domestic production is highly competitive, and domestic savings and FDI are high. ⺠It includes low production wages sustained by substantial rural labor driving internal migration. ⺠It includes domestic capital distinct from importable capital, and complementary with it in production. ⺠It shows that real phenomena are important in explaining recent Chinese history.
Related Topics
Social Sciences and Humanities
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Economics and Econometrics
Authors
Leslie Lipschitz, Céline Rochon, Geneviève Verdier,