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Why is Investment so High in China?

Abstract:

China has had a remarkably high ratio of investment to output throughout the period of economic reform, surpassing almost all other economies, whether developed or developing. The high investment rate is in turn an important proximate determinant of China’s high rate of economic growth. This survey paper gathers together the available evidence to explain why investment is so high. It considers factors both on the demand and on the supply side, and in the latter case the availability both o...

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Volume:
441
Series:
Discussion paper series
Publication date:
2009-01-01
URN:
uuid:1c2e9151-ab9f-481d-9780-57f5f6301c14
Local pid:
oai:economics.ouls.ox.ac.uk:14278
Language:
English

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