The positive correlation between real (PPP) investment rates and levels of PPP income across countries is one of the most robust findings of the empirical growth literature. We show that this relationship is almost entirely driven by differences in the price of investment relative to output, rather than by differences in nominal investment rates. When measured in nominal terms (i.e., at nationa...

Kremer, Onatski, and Stock (KOS) criticize twin peaks dynamics in the evolution of cross-country income dynamics. They suggest instead convergence to a single peak at high incomes, with a prolonged transition when polarization and inequality increase. This article makes three points. First, the data are as consistent with a twin peaks characterization as they are for KOS’s preferred description...

The Fifth Plenary Session of the 19th CPC Central Committee clearly stated: By 2035, our country’s GDP per capita will reach level medium-developed countries, middle-income group be significantly expanded, basic public services equalized, and gap between urban rural regional development in living standards narrowed; people’s lives better, all-round improved. More obvious substantive progress ma...

This paper, based on the theoretical framework of urban organic renewal, takes Chengdu as a case study to delve into interrelationship between renewal and construction tourism demonstration zone. Through literature research, field investigations, analysis, it reveals impact development zones proposes feasible policy recommendations aimed at promoting sustainable Chengdu’s area prosperity its in...

A mosque is an efficient tool for inhabitants to engage in diverse religious activities, contributing its prosperity, filling it with and fostering Islamic brotherhood ties between locals. This study explores the transformation of urban populations East Pamulang neighborhood South Tangerang. The purpose this determine tendency solid religiosity residents four mosques housing complexes, includin...