Enhancing China's Medium-Term Growth Prospects : The Path to a High-Income Economy /

China's current growth model- which has delivered steady and robust growth for two decades and lifted some 500 million individuals out of poverty-has become too reliant on credit and investment, and has begun to experience diminishing returns. Delays in advancing the government's reform ag...

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Автор: Nabar, Malhar
Інші автори: N'Diaye, Papa
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2014.
Серія:IMF Working Papers; Working Paper ; No. 2013/204
Онлайн доступ:Full text available on IMF
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240 1 0 |a Enhancing China's Medium-Term Growth Prospects: The Path to a High-Income Economy.  |l Chinese 
245 1 0 |a Enhancing China's Medium-Term Growth Prospects :   |b The Path to a High-Income Economy /  |c Malhar Nabar, Papa N'Diaye. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2014. 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a China's current growth model- which has delivered steady and robust growth for two decades and lifted some 500 million individuals out of poverty-has become too reliant on credit and investment, and has begun to experience diminishing returns. Delays in advancing the government's reform agenda will mean that vulnerabilities continue to grow and the probability of stalled convergence increases. On the other hand, with reforms to accelerate TFP growth and shift the economy away from its continued reliance on capital accumulation, China can grow at a healthy pace and maintain its convergence toward the level of high income economies. Evidence from China's provinces indicates that there is room to improve productivity and sustain such a convergence toward the level of more prosperous economies. 
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700 1 |a N'Diaye, Papa. 
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