Fiscal policy

Can China Save Its Economic Miracle?

To improve medium-term growth, China must heed the lessons of its own history and focus on removing barriers to market entry and entrepreneurship. An economy’s growth rate comes from a combination of an increase in the average size of existing firms (intensive-margin growth) and an increase in the number of firms (extensive-margin growth). A study of the Chinese manufacturing sector that I co-authored with Xiaobo Zhang suggests that during the last few decades, extensive-margin growth accounted for about 70 percent of overall GDP expansion.

January 25, 2023
January 25, 2023

ADP revision: Govt doing opposite of what’s needed

It seems the government is doing an about-turn from the austerity stance taken at the start of the fiscal year.

January 5, 2023
January 5, 2023

Can China Save Its Economic Miracle?

To improve medium-term growth, China must heed the lessons of its own history and focus on removing barriers to market entry and entrepreneurship. An economy’s growth rate comes from a combination of an increase in the average size of existing firms (intensive-margin growth) and an increase in the number of firms (extensive-margin growth). A study of the Chinese manufacturing sector that I co-authored with Xiaobo Zhang suggests that during the last few decades, extensive-margin growth accounted for about 70 percent of overall GDP expansion.

January 1, 2023
January 1, 2023

2023 will be the year of inflation and financial turpitude

While the government is distracted by elections, the financial economy will suffer

November 21, 2022
November 21, 2022

Our fiscal space is narrowing fast

Both global and local macro-challenges can have serious implications for the people of Bangladesh

October 29, 2015
October 29, 2015

China faces to lose its biggest industry to rising debt

The world’s biggest steel industry in China is in grave crisis.