Arbeitspapier
Has China's Growth Gone from Miracle to Malady?
China's remarkable run of persistently high growth in recent decades is all the more stunning in light of the country's low levels of financial and institutional development, state-dominated economy, and nondemocratic government. Notwithstanding the inefficient and risky growth model, the government has maneuvered the economy around various stresses without any major financial or economic crash. With a shrinking labor force and declining efficiency of investment, raising productivity growth is key to maintaining reasonable GDP growth. Unbalanced reforms, a schizophrenic approach to the role of the market versus the state, and strains in financial and property markets could result in significant volatility but a financial or economic collapse is not in the cards.
- Language
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Englisch
- Bibliographic citation
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Series: IZA Discussion Papers ; No. 16140
- Classification
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Wirtschaft
- Subject
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growth rebalancing
sectoral reallocation
demographics
productivity growth
financial risks
- Event
-
Geistige Schöpfung
- (who)
-
Prasad, Eswar
- Event
-
Veröffentlichung
- (who)
-
Institute of Labor Economics (IZA)
- (where)
-
Bonn
- (when)
-
2023
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Prasad, Eswar
- Institute of Labor Economics (IZA)
Time of origin
- 2023
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