De-Monopolization toward Long-Term Prosperity in China:
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 m...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2012
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 12/75 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | 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 inefficiency of China''s domestic-oriented service and agricultural sectors. This paper focuses on (1) the evidence of monopoly rights and its influence on work practice improvement at China''s firms and plants and (2) the evidence that policy arrangement there has encouraged more competition in merchandise manufacturing and heavy industries while barriers to market access remain high against new firms in the domestic market (especially in services). A numerical experiment is provided, which suggests that China can enhance long-term income per capita by a factor of 10 largely through TFP gains by implementing reform to weaken protection of monopolies and encourage entry in all industries |
| Beschreibung: | 1 Online-Ressource (29 p) |
| ISBN: | 1475502273 9781475502275 |
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| index_date | 2024-07-03T20:13:17Z |
| indexdate | 2024-07-10T09:35:25Z |
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| record_format | marc |
| series2 | IMF Working Papers |
| spelling | Ahuja, Ashvin Verfasser aut De-Monopolization toward Long-Term Prosperity in China Ahuja, Ashvin Washington, D.C International Monetary Fund 2012 1 Online-Ressource (29 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 12/75 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 inefficiency of China''s domestic-oriented service and agricultural sectors. This paper focuses on (1) the evidence of monopoly rights and its influence on work practice improvement at China''s firms and plants and (2) the evidence that policy arrangement there has encouraged more competition in merchandise manufacturing and heavy industries while barriers to market access remain high against new firms in the domestic market (especially in services). A numerical experiment is provided, which suggests that China can enhance long-term income per capita by a factor of 10 largely through TFP gains by implementing reform to weaken protection of monopolies and encourage entry in all industries Online-Ausg http://elibrary.imf.org/view/IMF001/12683-9781475502275/12683-9781475502275/12683-9781475502275.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Ahuja, Ashvin De-Monopolization toward Long-Term Prosperity in China |
| title | De-Monopolization toward Long-Term Prosperity in China |
| title_auth | De-Monopolization toward Long-Term Prosperity in China |
| title_exact_search | De-Monopolization toward Long-Term Prosperity in China |
| title_exact_search_txtP | De-Monopolization toward Long-Term Prosperity in China |
| title_full | De-Monopolization toward Long-Term Prosperity in China Ahuja, Ashvin |
| title_fullStr | De-Monopolization toward Long-Term Prosperity in China Ahuja, Ashvin |
| title_full_unstemmed | De-Monopolization toward Long-Term Prosperity in China Ahuja, Ashvin |
| title_short | De-Monopolization toward Long-Term Prosperity in China |
| title_sort | de monopolization toward long term prosperity in china |
| url | http://elibrary.imf.org/view/IMF001/12683-9781475502275/12683-9781475502275/12683-9781475502275.xml |
| work_keys_str_mv | AT ahujaashvin demonopolizationtowardlongtermprosperityinchina |