ECON 336 Lecture Notes - Lecture 11: Xm Satellite Radio, World Trade Organization, Justin Yifu Lin
27 Mar 2018
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S: saving (s) and investment (i) have been very high. However, yu concedes that high savings are a long-term contributing factor to china(cid:495)s persistent cas: a number of factors and policies have contributed to china(cid:495)s, low shares of government expenditures on pensions , high savings. These include: education and health: low dividend payments (until recently, none on the 50% portion of state ownership in soes) consume) xii. To introduce the external accounts we need to relate the: favorable age structure, widening of the income gap (influence on propensity to for china that no country in history has run twin surpluses persistently for two decades xi. We also need an equation for the balance of payments international reserves offsetting: ka > 0 ca < 0: in a fully flexible exchange rate system we expect that. If ca > 0, the s* > i. R ~0 implying that ca and ka are more or less xiv.
