Deregulation as a source of China’s economic growth
نویسندگان
چکیده
Abstract We develop a simple two-sector neoclassical growth model in which the upstream sector produces intermediate goods, and downstream final goods with outputs from upstream. While features perfect competition, firms engage Cournot competition charge markup. show that deregulation introduction of not only increases productivity but also has substantial spillover effect on factor prices. calibrate to Chinese economy use calibrated quantitatively evaluate extent market China 1998 2006 can account for rapid economic high rising returns capital over same period. Our quantitative experiments significant share during study In addition, our delivers implications are consistent several other relevant observations
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ژورنال
عنوان ژورنال: Macroeconomic Dynamics
سال: 2023
ISSN: ['1365-1005', '1469-8056']
DOI: https://doi.org/10.1017/s1365100523000238