A Stylized Model of China's Growth Since 1978

Abstract

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China’s economy growth prospects and its potential drivers of future

“…As the world's largest economy in PPP terms and the second largest in terms of nominal exchange rates, such a slowdown has profound implications. Glawe, L et al (2017)developed a stylized multi-sector growth model of China's economy. Authors applied a neoclassical modeling approach and focus on the reform process under Deng Xiaoping as China's main growth driver since 1978.…”

“…These operations have supported some U.S. Companies to consolidated internationally competitive and have supplied U.S. consumers with a variety of low-cost goods. China's huge-scale Glawe, L et al (2017)developed a stylized multi-sector growth model of China's economy. Authors applied a neoclassical modeling approach and focus on the reform process under Deng Xiaoping as China's main growth driver since 1978.…”

The Deep Determinants at More Subtle Stages of Development The Example of the Middle-Income Trap Phenomenon

“…To our knowledge, there are only three growth models, namely a two period overlapping generations model developed byAgénor and Canuto (2015) as well as the country specific models ofDabús et al (2016) andGlawe and Wagner (2017b).…”