Understanding the Slowing Growth Rate of the People's Republic of China

摘要: It is increasingly accepted that the gross domestic product (GDP) growth rate of People's Republic China (PRC) slowing down, but reasons for slowdown are not yet well understood. Part reason in all countries reach high-income status slows down when they a global research income level still far below highest countries. In PRC, on supply side, this happening because total factor productivity (TFP) whereas, labor force growth, it would have to increase order maintain near double-digit GDP growth. On demand low share household has required PRC an unusually high investment transport infrastructure and housing, rapid both these areas coming end. Environmental could take up slack keep aggregate at fully employ resources. Finally, reached t...