ECON 336 Chapter Notes - Chapter 20: Fixed Capital, Intellectual Property, Tropical Cyclone
19 May 2012
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Even though china has attracted a lot of foreign investment a lot of the capital stock comes from domestic investment, which is mostly financed by domestic savings. It is really hard to determine the future of government and industry savings. Future growth of the labor force and human capital. China"s work force is likely to increase until 2015 and then decrease. Tfp growth accounted for two-fifths of china"s overall gdp increase between 1978 and 2005. Productivity implications of expected growth of capital, labor, and education. I am skipping straight to the conclusions for this section. To sustain a growth rate of 9% per year for another two decades, china would have to push the annual growth of tfp above 4% (higher than the level during 1978-2005). Compares china to tawain, japan, and s. korea and notices that these three countries experience the same type of growth but then slowed down.
