Economics, Econometrics and Finance
2 years ago

China's Public Capital Growth Balances Regional Disparities and Lowers Returns.

2 views
Mathematics
A Study on the Dynamic Evolution and Regional Differences of Public Capital and Return to Capital in China
Zhihong Wang, Wenjia Tian

Paper Summary

Public capital in China has grown significantly from 1978 to 2017, with a shift towards state ownership. This has helped balance capital disparities between regions. The return rate on capital has been decreasing, with sectors' rates converging in 1981 and 2010-2013. This study provides valuable insights for shaping public capital policies and promoting economic equality.

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