Multiple Equilibria in Institutions and Income: The Case of China’s Double Trap
Description of China’s Double Trap China’s double trap equilibria is a complicated and complex interaction between institutional quality and earnings levels within the Chinese economic panorama. The People’s Republic of China has witnessed high-quality economic growth and development since 1978, and between 1978 and 2005 witnessed annual growth prices of 10%. These exceptional economic boom ... Read More
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