CEPR/SciencesPo/CESifo - 78th Economic Policy Panel Discussion Meeting 2023

RETHINKING CHINA'S GROWTH

The autumn 2023 Economic Policy Panel hybrid meeting will take place in Madrid, hosted and supported by the Banco de Espana on 19 and 20 October 2023.

The meeting will feature Kenneth Rogoff of Harvard University presenting new evidence of China's heavy reliance on real estate and infrastructure construction as a central part of its economic growth.  The report reveals that the share of these two sectors in China's GDP far exceeds the levels found in the United States and Europe; only Spain in the run-up to its financial crisis came close.  

Professor Rogoff's research also employs a newly constructed city-level database on the stock of housing in China to show that across city tiers, the country's per capita housing stock rivals that of the UK and France, despite having much lower per capita income.  As he will explain, the interplay between China's reals estate market and slowing trend growth - due to demographics and deglobalisation, among other factors - poses a very difficult policy challenge. 

Following the presentation, there will be a panel discussion featuring Shang-Jin Wei of Columbia Business School & SIPA, and Kurt Mitman of CEMFI & Institute for International Economic Studies, moderated by Daniel Santabárbara, Head of the Advanced and Systemic Economies Unit in the International Department, Bank de Espana.  

Economic Policy is jointly owned by Centre for Economic Policy Research (CEPR), Center for Economic Studies of the University of Munich (CESifo Group), and Fondation Nationale des Sciences Politiques (Sciences Po), and published by Oxford University Press.

EVENT DETAILS

The panel meeting program aswell as the registration page is available here.