Nevertheless, serious disagreements still exist regarding the competitiveness of China and the US. According to the IMD’s World Competitiveness Yearbook, in 1995 the US ranked first and China ranked 34th in international competitiveness among 46 countries, whereas in 2015 the US still ranked first ...
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Making strides in new quality productive forces, which feature high-tech, high efficiency, and high quality, is high on China's agenda this year. Observers hailed the strategy as not only injecting a strong impetus into the Chinese economy but also creating greater opportunities for global growth...
where GDP represents gross domestic product, K is the non-telecom physical capital stock, L is labor and HK denotes human capital, approximated as 𝐻𝐾=𝑒ℎ𝑘HK=ehk, where HK reflects the efficiency of a unit of labor, as in [32]. Subscripts i and t denote, respectively, states...
One of the future co-heads of the proposed new Department of Government Efficiency (DOGE) promised to cut US$2 trillion in spending,12 and DOGE’s other future co-head called for the elimination of certain departments.13 The official Republican platform has explicitly promised to close the ...
Economic/ telecommunication services/ economic efficiencyUS telecommunications policytollbypasstelecommunications network/ B6210 Telecommunication applicationsSubsidizing local residence telecommunications service from toll services has produced large distortions in US state and interstate toll markets. While both the ...
This approach allows us to assess the effect of Pillar I subsidies differentiating between economic and environmental efficiency in order to clearly evaluate how subsidies contribute to shaping both aspects. Moreover, we enrich the model specification by including time interactions to investigate how the...
A crucial debate in policy-making as well as academic circles is whether there is a trade-off between economic efficiency and the size/generosity of the welfare state. One way to contribute to this debate is to compare the performance of 'best cases' of different types of state. Arguably, ...
of overcapacity. Data indicates China has seen sustained growth in total profits, pointing to a thriving and sustainable sector. An emphasis on technological innovation and efficiency improvements, rather than a reliance on subsidies, underscores the industry's resilience in the face of external ...
There are many urban agglomerations in mainland China. Hohhot-Baotou-Ordos-Yulin urban agglomeration is of great importance due to its economic scale and geographical location. The Western part of China is a less-developed area with a lower level of soci