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  • EUV Frankfurt  (2)
  • MPI Bildungsforschung  (1)
  • 2020-2024  (2)
  • 2015-2019  (1)
  • Brandt, Loren  (3)
  • 1
    UID:
    gbv_1726666247
    Format: 1 Online-Ressource (circa 31 Seiten) , Illustrationen
    Series Statement: Policy research working paper 9298
    Content: China's economy grew by an impressive 10 percent per year over four decades. Productivity improvements within sectors and gains from resource reallocation between sectors and ownership groups drove that expansion. However, productivity growth has declined markedly in recent years. This paper extends previous macro and firm-level studies to show that domestic factors and policies contributed to the slowdown. The analysis finds that limited market entry and exit and lack of resource allocation to more productive firms were associated with slower manufacturing total factor productivity growth. Earlier reforms led to state-owned enterprises catching up to private sector productivity levels in manufacturing, but convergence stalled after 2007. Furthermore, the allocation of a larger share of credit and investment to infrastructure and housing led to lower returns to capital, a rapid buildup in debt, and higher risks to growth. China's growth potential remains high, but its long-term growth prospects depend on reversing the recent decline in total factor productivity growth
    Additional Edition: Erscheint auch als Druck-Ausgabe Brandt, Loren China's Productivity Slowdown and Future Growth Potential Washington, D.C : The World Bank, 2020
    Language: English
    Keywords: Graue Literatur
    Author information: Brandt, Loren 1955-
    Library Location Call Number Volume/Issue/Year Availability
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  • 2
    UID:
    b3kat_BV048274738
    Format: 1 Online-Ressource (31 Seiten)
    Series Statement: World Bank E-Library Archive
    Content: China's economy grew by an impressive 10 percent per year over four decades. Productivity improvements within sectors and gains from resource reallocation between sectors and ownership groups drove that expansion. However, productivity growth has declined markedly in recent years. This paper extends previous macro and firm-level studies to show that domestic factors and policies contributed to the slowdown. The analysis finds that limited market entry and exit and lack of resource allocation to more productive firms were associated with slower manufacturing total factor productivity growth. Earlier reforms led to state-owned enterprises catching up to private sector productivity levels in manufacturing, but convergence stalled after 2007. Furthermore, the allocation of a larger share of credit and investment to infrastructure and housing led to lower returns to capital, a rapid buildup in debt, and higher risks to growth. China's growth potential remains high, but its long-term growth prospects depend on reversing the recent decline in total factor productivity growth
    Additional Edition: Erscheint auch als Druck-Ausgabe Brandt, Loren China's Productivity Slowdown and Future Growth Potential Washington, D.C : The World Bank, 2020
    Language: English
    URL: Volltext  (URL des Erstveröffentlichers)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 3
    Online Resource
    Online Resource
    Cambridge, United Kingdom ; New York, NY : Cambridge University Press
    UID:
    b3kat_BV046070495
    Format: 1 Online-Ressource (xvi, 505 Seiten) , Diagramme
    ISBN: 9781108645997
    Content: The scale of China's innovation ambitions inspires worldwide commentary, much of it poorly informed. Focusing on electricity, telecommunication and semiconductors, this book offers a richly detailed account of China's innovation efforts. Massive application of human, policy and financial resources shows great promise, but institutional obstacles, conflicting objectives, ill-advised policies and Soviet-era legacies inject inefficiencies, resulting in a complex mosaic of success and failure in both technical and commercial dimensions. State Grid leads the world in high-voltage power transmission, while domestic semiconductors lag behind the international frontier. Electricity and telecom providers record impressive technical advances, but overinvestment and inefficient operation contribute to high costs and prices. Nuclear power combines technical excellence with commercial weakness. Cost reduction rather than new technology underpins commercial success in solar materials. The book's granular studies look beyond specific technologies to incorporate the policy matrix, regulatory structures and global developments into the appraisal of China's innovation achievements
    Additional Edition: Erscheint auch als Druck-Ausgabe, Paperback ISBN 978-1-108-70369-7
    Additional Edition: Erscheint auch als Druck-Ausgabe, Hardcover ISBN 978-1-108-48099-4
    Language: English
    Subjects: Economics , Political Science
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    Keywords: China ; Wirtschaftspolitik ; Energieversorgungsunternehmen ; Telekommunikationswirtschaft ; Technische Innovation ; Aufsatzsammlung
    URL: Volltext  (URL des Erstveröffentlichers)
    Author information: Brandt, Loren 1955-
    Library Location Call Number Volume/Issue/Year Availability
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