How much of Chinese growth is TFP growth vs. merely Solow catch-up growth?
basilhalperin.substack.com
1. TFP growth was fast + was an important part of the miraculous decades of growth, which rejects crude Solow-ism; 2. TFP growth has slowed down since 2008; 3. There is a lot of room left that the PRC *could* run
How much of Chinese growth is TFP growth vs. merely Solow catch-up growth?
How much of Chinese growth is TFP growth vs…
How much of Chinese growth is TFP growth vs. merely Solow catch-up growth?
1. TFP growth was fast + was an important part of the miraculous decades of growth, which rejects crude Solow-ism; 2. TFP growth has slowed down since 2008; 3. There is a lot of room left that the PRC *could* run