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China’s real estate sector and the impacts of its possible disorder on Chinese economy and the euro area
(16.12.2021)
BOFIT Policy Brief 13/2021
BOFIT Policy Brief 13/2021
China’s real estate and construction sector has served as a major engine of economic growth in recent decades and the sector now plays an oversized role in the economy. Much of that growth has been debt-fuelled, with the ...
Assessing the mid-term growth outlook for the Indian economy
(14.06.2021)
BOFIT Policy Brief 8/2021
BOFIT Policy Brief 8/2021
Since embarking on economic reform in 1991, India has experienced three decades of rapid economic development. Recently, however, there has been significant uncertainty about the growth outlook of the Indian economy in the ...
Kiinan kiinteistösektorin kriisiytymisen vaikutuksista Kiinan talouteen ja euroalueelle
(08.12.2021)
BOFIT Policy Brief 12/2021
BOFIT Policy Brief 12/2021
Kiinassa kiinteistösektori ja rakentaminen toimivat talouskasvun vetureina viime vuosikymmenellä ja niiden merkitys taloudelle kasvoi poikkeuksellisen suureksi. Kasvu oli kuitenkin erittäin velkavetoista ja etenkin rakentajien ...
Long-term challenges to Russian economic policy
(30.11.2021)
BOFIT Policy Brief 11/2021
BOFIT Policy Brief 11/2021
Russia’s economic growth slowed substantially over the past decade. To improve its long-term growth outlook, Russia must deal with structural problems. While the country has not lacked for ambitious development plans, the ...
Russia's growth potential post-COVID-19
(01.07.2021)
BOFIT Policy Brief 9/2021
BOFIT Policy Brief 9/2021
This paper updates my earlier calculations on Russia’s long-run growth potential using a standard growth accounting framework in which GDP growth depends on available labor, capital and efficiency in combining them, i.e. ...