China's extraordinarily rapid economic growth since 1978, driven by market-oriented reforms, has set world records and continued unabated, despite predictions of an inevitable …
We study credit allocation across firms and its real effects during China's economic stimulus plan of 2009–2010. We match confidential loan-level data from the nineteen largest Chinese …
We document a strong positive relationship between natural resource exports and urbanization in a sample of 116 developing nations over the period 1960–2010. In countries …
X Zhu - Journal of Economic Perspectives, 2012 - aeaweb.org
The pace and scale of China's economic transformation have no historical precedent. In 1978, China was one of the poorest countries in the world. The real per capita GDP in China …
C Xu - Journal of economic literature, 2011 - aeaweb.org
China's economic reforms have resulted in spectacular growth and poverty reduction. However, China's institutions look ill-suited to achieve such a result, and they indeed suffer …
N Crafts, KH O'Rourke - Handbook of economic growth, 2014 - Elsevier
This paper surveys the experience of economic growth in the 20th century with a focus on technological change at the frontier together with issues related to success and failure in …
We construct a growth model consistent with China's economic transition: high output growth, sustained returns on capital, reallocation within the manufacturing sector, and a …