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China's productivity growth has declined to 0.7%, according to Sharma. Population growth will decline to a rate of 0.3-0.5%, though you may assume that urban
China's productivity growth has declined to 0.7%, according to Sharma. Population growth will decline to a rate of 0.3-0.5%, though you may assume that urban population growth stabilizes at 0%. China's capital share is close to 0.4 and the savings rate is also about 0.4. The depreciation rate of capital is probably close to 0.1. With these assumptions, What would the Solow model say is the steady state growth rate of the Chinese economy?
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