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Our most academic publication offers research and surveys on monetary policy, national and international developments, banking, and more. The content is written for an economically informed readership—from the undergraduate student to the PhD.

Vol. 91, No. 4 (Posted 2009-07-01)

Potential Output in a Rapidly Developing Economy: The Case of China and a Comparison with the United States and the European Union

by Jinghai Zheng, Angang Hu, and Arne Bigsten

The authors use a growth accounting framework to examine growth of the rapidly developing Chinese economy. Their findings support the view that, although feasible in the intermediate term, China’s recent pattern of extensive growth is not sustainable in the long run.

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