Who shrunk China?
Who shrunk China?
Rate this book:
About This Book
"The latest World Bank estimates of real GDP per capita for China are significantly lower than previous ones. We review possible sources of this puzzle and conclude that it reflects a combination of factors, including substitution bias in consumption, reliance on urban prices which we estimate are higher than rural ones, and the use of an expenditure-weighted rather than an output-weighted measure of GDP. Taking all these together, we estimate that real per-capita GDP in China was 50% higher relative to the U.S. in 2005 than the World Bank estimates"--National Bureau of Economic Research web site.
Buy This Book
As an Amazon Associate and Bookshop.org affiliate, BookOrb earns from qualifying purchases.
Write a Review
Sign in to write a review.
More by Robert C. Feenstra
Accounting for growth with new
Accounting for growth with new inputs
Achieve Essentials for Interna
Achieve Essentials for International Economics (2-Term Access)
Achieve Essentials for Interna
Achieve Essentials for International Economics 5e (1-Term Access) and IClicker Student Mobile (Six Months Access)
Achieve Essentials for Interna
Achieve Essentials for International Economics 5e (2-Term Access) and IClicker Student Mobile (Twelve Months Access)
Achieve Essentials for Interna
Achieve Essentials for International Macroeconomics (1-Term Access)
Achieve Essentials for Interna
Achieve Essentials for International Macroeconomics 5e (1-Term Access) and IClicker Student Mobile (Six Months Access)