Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/272767 
Autor:innen: 
Erscheinungsjahr: 
2023
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 16140
Verlag: 
Institute of Labor Economics (IZA), Bonn
Zusammenfassung: 
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.
Schlagwörter: 
growth rebalancing
sectoral reallocation
demographics
productivity growth
financial risks
JEL: 
F2
F3
F4
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
647.13 kB





Publikationen in EconStor sind urheberrechtlich geschützt.