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Convergence of economies, United Sta...

Zhang, Yiwen.

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Convergence of economies, United States and China.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Convergence of economies, United States and China./
作者:	Zhang, Yiwen.
面頁冊數:	56 p.
附註:	Source: Masters Abstracts International, Volume: 44-04, page: 1648.
Contained By:	Masters Abstracts International44-04.
標題:	Economics, Theory. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=1430448
ISBN:	9780542444456

Convergence of economies, United States and China.
Zhang, Yiwen.

Convergence of economies, United States and China. - 56 p.

Source: Masters Abstracts International, Volume: 44-04, page: 1648.

Thesis (M.S.)--University of Nevada, Reno, 2005.

Given data that suggests the economic performance of China is converging to that of the United States, this thesis calibrates a standard growth model and simulates various possible convergence scenarios.{09}The effort to calibrate an "unconditional convergence" model leads to the conclusion that there is a structural difference between the economies of China and the U.S., with China necessarily possessing a much lower level of technology. Without technology transfer, the parameterized simulations suggest that China will not achieve present U.S. living standards for at least a century. With significant technology transfer, China could achieve current U.S. living standards in as little as three decades. The simulations suggest that technology transfer will speed China's development much more quickly than the maintenance of a higher than normal savings rate.

ISBN: 9780542444456Subjects--Topical Terms:

1017575
Economics, Theory.

Convergence of economies, United States and China.
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502 $a Thesis (M.S.)--University of Nevada, Reno, 2005.
520 $a Given data that suggests the economic performance of China is converging to that of the United States, this thesis calibrates a standard growth model and simulates various possible convergence scenarios.{09}The effort to calibrate an "unconditional convergence" model leads to the conclusion that there is a structural difference between the economies of China and the U.S., with China necessarily possessing a much lower level of technology. Without technology transfer, the parameterized simulations suggest that China will not achieve present U.S. living standards for at least a century. With significant technology transfer, China could achieve current U.S. living standards in as little as three decades. The simulations suggest that technology transfer will speed China's development much more quickly than the maintenance of a higher than normal savings rate.
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