From the late 1970s, China enjoyed an annual average growth rate of 9.9 per cent for more than three decades. This followed the introduction of reform and opening-up policies in 1978. In recent years, however, growth has slowed, to only 6.9 per cent in 2015. This study analyses the causes of this slowdown and forecasts China’s economic growth from 2016 to 2020, and projects China’s growth to 2030.

We find new empirical regularities in the business cycle in a cross-country panel of 22 OECD countries for the period 1972 to 2007; entrepreneurship Granger-causes the cycles of the world economy. Furthermore, the entrepreneurial cycle is positively affected by the national unemployment cycle. We discuss possible causes and implications of these findings.

We review the main theoretical conclusions from a quarter century of comparative studies of welfare states in the affluent democracies. We contrast early debates over the relative importance of industrialization, economic growth, and social classes for explaining welfare state differences with contemporary claims about the role of globalization, postindustrialism, and gender relations in shapin...

This paper provides an overview of the Programme for International Student Assessment (PISA), an on-going international comparative survey study of educational outcomes at age 15. PISA is sponsored by the Organization for Economic Co-operation and Development (OECD) and for the period 1998-2010 has been designed and implemented by a consortium led by the Australian Council for Educational Resea...

The Wage Premium of Foreign Education: New Evidence from Australia We study whether Australian employers recognise immigrants’ education acquired abroad, and if so how. Using data from the Longitudinal Surveys of Immigrants in Australia, we apply interval regression to model migrant hourly earnings. We find substantially higher returns from human capital obtained in Australia and other OECD cou...

A discussion of the theory of technology and economic growth suggests potentially negative implications for the impact of the Internet on developing countries. Technology in general is undoubtedly central to the growth process, but economists define technology in very broad terms. The impact of any particular, invented, technology is likely to be small. This theoretical perspective is supported...