Labour Force

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.

Editorial / Employment in industrial sector down

According to the latest Labour Force Survey by the Bangladesh Bureau of Statistics (BBS), employment in the industrial sector for the current fiscal added a mere 300,000 people over the last seven years (an average of 42,857 jobs per 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.

March 30, 2018
March 30, 2018

Employment in industrial sector down

According to the latest Labour Force Survey by the Bangladesh Bureau of Statistics (BBS), employment in the industrial sector for the current fiscal added a mere 300,000 people over the last seven years (an average of 42,857 jobs per year).