Series: IMF Working Papers
Author(s): Leslie Lipschitz , Genevieve Verdier , and Celine Rochon
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2008
Keywords: saving, surplus labor, foreign capital, domestic capital, fdi, international capital markets, capital mobility,
We present a stylized real model of the Chinese economy with the objective of explaining two features: (1) domestic production is highly competitive in the sense that an accumulation of capital that raises the marg...