This paper builds a simple dynamic general equilibrium model to mimic two striking stylized facts observed in China's reform: productivity growth contributes significantly to output growth, and income inequality increases dramatically over time.
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Paper provided by Stanford - Hoover Institution in its series Papers with number
e-01-2.
Length: 27 pages Date of creation: 2001 Date of revision: Handle: RePEc:fth:stanho:e-01-2
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Find related papers by JEL classification: O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
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