Hinese economic domestic investment and savings

Please read the following two papers and write a paper about what you learn, and your common.

Mehlum, Halvor, Karl Moene, and Ragnar Torvik. Institutions and the resource curse*.The Economic Journal 116.508 (2006): 1-20.

Chow, Gregory C. Capital formation and economic growth in China.The Quarterly Journal of Economics (1993): 809-842.

The first paper explores -based on experiences of multiple countries in the world –the importance of good institutions for sustainable growth to happen in countries endowed with rich natural resources. This may inspire a timely discussion as an environmental crisis has certainly emerged in China and may potentially hurt at least its own economy in the decades to come. As a complementary reading, you may want to check out