| Description |
1 online resource (22 pages). |
|
data file |
| Series |
IMF working paper ; WP/12/277
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IMF working paper ; WP/12/277.
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| Note |
"November 2012." |
| Summary |
"Now close to 50 percent of GDP, this paper assesses the appropriateness of China's current investment levels. It finds that China's capital-to-output ratio is within the range of other emerging markets, but its economic growth rates stand out, partly due to a surge in investment over the last decade. Moreover, its investment is significantly higher than suggested by cross-country panel estimation. This deviation has been accumulating over the last decade, and at nearly 10 percent of GDP is now larger and more persistent than experienced by other Asian economies leading up to the Asian crisis. However, because its investment is predominantly financed by domestic savings, a crisis appears unlikely when assessed against dependency on external funding. But this does not mean that the cost is absent. Rather, it is distributed to other sectors of the economy through a hidden transfer of resources, estimated at an average of 4 percent of GDP per year."--Abstract. |
| Bibliography |
Includes bibliographical references. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Investments, Chinese -- Econometric models.
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Investments, Chinese. |
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Econometric models. |
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Economic development -- China -- Econometric models.
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Economic development. |
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China. |
| Genre/Form |
Electronic books.
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| Added Author |
Syed, Murtaza, 1975- author.
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Liu, Xueyan, author.
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International Monetary Fund. Asia and Pacific Department, issuing body.
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| Other Form: |
Print version: 9781283947817 |
| ISBN |
1283947811 (electronic book) |
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9781283947817 (electronic book) |
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9781475561111 (electronic book) |
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1475561113 (electronic book) |
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9781475562675 |
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9781475594713 ebook |
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