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ECO362H1 (2)
Chapter

bosworth and collins reading

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Department
Economics
Course
ECO362H1
Professor
Michael Denny
Semester
Winter

Description
Accounting for Growth Comparing China and India by Bosworth and Collinsy China and India have both shown fast growth over the later part of the past century y China grew faster because of its quickness in removing trade barriers Growth Accounting overview y Land used in production function but ignored in paper since it had minimal affects added to capital From 197819932003 y Over full period china and india were nearly identical in growth of labour force y After 1993 both countries experienced labour productivity growth y Chinas fast growth has been matched before but never as long as china over 25 years y India has low proportion of investment to capital and thus is unlikely able to continue to support high growth y India has been relatively very slow at increasing the education rate Also primary education has shown decreasing returns and higher education increasing perhaps due to a growing lack of the highly educated y After the 70s Chinese enrolled in more schoolin
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