EFTA Document EFTA01458557

2 October 2015 Global Economic Perspectives: A hard landing in China? production function approach to measuring potential growth would be a little lower. All of the different measures of potential growth reported in that study, though, agree that it is slowing. The main culprits, they note, are slowing total factor productivity growth and a declining marginal productivity of capital. So, a reasonable baseline for growth in China is that its underlying tendency will be to slow unless refor