Dynamic inefficiency across nations

Dynamic inefficiency is defined as capital over accumulation. This study tests for dynamic inefficiency in China and is extended to other countries. Results show that net capital income exceeds investment; hence, by the Abel (1989) criterion, this implies dynamic inefficiency.

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Bibliographic Details
Published in:Atlantic economic journal 2001-03, Vol.29 (1), p.114-114
Main Authors: Leonard, John, Prinzinger, Joe
Format: Article
Language:English
Subjects:
Analysis
Capital formation
Economic research
Economic theory
Economics
Efficiency
International
Studies
Citations: Items that cite this one
Online Access:Get full text
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Description
Summary:Dynamic inefficiency is defined as capital over accumulation. This study tests for dynamic inefficiency in China and is extended to other countries. Results show that net capital income exceeds investment; hence, by the Abel (1989) criterion, this implies dynamic inefficiency.
ISSN:0197-4254
1573-9678
DOI:10.1007/BF02299937