De-monopolization Toward Long-Term Prosperity in China

Working Paper No. 12/75

Nopic
During the past decade, the average Chinese earns roughly 9 times less and is 10 times less productive than the average American at purchasing power parity. Current consensus attributes large differences in output per worker to differences in total factor productivity (TFP). Evidence suggests that most of the US-China TFP differences lie in the... READ MORE...

Publication date: March 2012
ISBN 9781475502275
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Publication date: March 2012

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Publication date: March 2012

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