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Fertility and savings contractions in China: Long-run global implications

Golley, Jane; Tyers, Rod; Zhou, Yixiao

Description

Following three decades of rapid but unbalanced economic growth, China's reform agendas are set to rebalance the economy towards consumption while maintaining strong GDP growth. Headwinds include a demographic contraction that will bring negative labour force growth and rapid ageing. Rising aged dependency combined with lower saving rates will rebalance the economy, but they will reduce both GDP growth and real per capita income. While an effective two-child policy could sustain growth and...[Show more]

CollectionsANU Research Publications
Date published: 2018
Type: Journal article
URI: http://hdl.handle.net/1885/206299
Source: The World Economy
DOI: 10.1111/twec.12602

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