Journal article
Why does China invest so much?
- Abstract:
-
China has had a remarkably high ratio of investment to output ever since economic reform began in 1978, surpassing almost all other economies. This is an important proximate determinant of China's high growth rate. This paper gathers together the available evidence to explain why investment is so high: factors both on the demand and on the supply side, and in the latter case the availability of both resources and funds. It analyzes the rate of return on capital and its evolution, and the fact...
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Bibliographic Details
- Publisher:
- MIT Press
- Journal:
- Asian Economic Papers
- Volume:
- 9
- Issue:
- 3
- Pages:
- 87 - 117
- Publication date:
- 2010-09-01
- DOI:
- ISSN:
-
1535-3516
Item Description
- Language:
- English
- UUID:
-
uuid:6a4a07fc-a07a-46e5-9310-0ed8a398efa8
- Local pid:
- oai:economics.ouls.ox.ac.uk:14992
- Deposit date:
- 2011-08-16
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- Copyright date:
- 2010
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