Real model of transitional growth and competitiveness in China [[electronic resource] /] / prepared by Leslie Lipschitz, Céline Rochon and Geneviève Verdier

• Autore: Lipschitz Leslie
• Pubblicazione: [Washington, D.C.?], : International Monetary Fund, 2008
• Descrizione fisica: 1 online resource (36 p.)
• Soggetto topico: Economic development - China - Econometric models; Investments, Foreign - China - Econometric models
• Soggetto geografico: China Economic conditions Econometric models; China Economic policy Econometric models
• Soggetto genere / forma: Electronic books.
• Altri autori: RochonCéline <1972-> VerdierGeneviève <1973->
• Note generali: "April 2008."; At head of title: IMF Institute.
• Nota di bibliografia: Includes bibliographical references (p. 28-30).
• Nota di contenuto: Contents; I. Introduction; II. Stylized Facts; III. Model; A. Households; B. Firms; C. Exogenous Shocks; D. Equilibrium; IV. Results; A. Calibration; B. Impulse Response Functions; C. Simulation; D. Transition to Steady State; V. Conclusion; Tables; 1. National Saving Rate, 2006; 2. Relative Hourly Wage in Manufacturing, Selected Economies, 2002; 3. Income of Urban and Rural Households and the Urban-Rural Gap (RMB); 4. Summary Indicators of Saving and Investment; Figures; 1. Net Capital Flows into China; 2. Saving and Investment; 3. Productivity Shock; 4. Foreign Interest Rate Schock ; 5. Foreign Output Shock 6. Transition to Steady State when 10/l* = z0/z* = 0.9; 5. Convergence and Transition Half Life α = 1; 6. Convergence and Transition Half Life α = 1; 7. Simulation Results; References; Appendix
• Sommario/riassunto: We present a stylized real model of the Chinese economy with the objective of explaining two features: (1) domestic production is highly competitive in the sense that an accumulation of capital that raises the marginal product of labor elicits increases in employment and output rather than only in wages; and (2) even though the domestic saving rate is high, foreign direct investment is also substantial. We explain these features in terms of a conventional neoclassical growth model-with no monetary or nominal exchange rate policy-by including two aspects of the economy explicitly in the model:
• Titolo autorizzato: Real model of transitional growth and competitiveness in China
• ISBN: 1-4623-1746-4; 1-4527-8440-X; 1-4518-6960-6; 9786612840548; 1-282-84054-1
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910464019903321
• Lo trovi qui: Univ. Federico II
• Serie: IMF working paper ; ; WP/08/99.