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Youcef Msaid
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The graph about China is not convincing at all. You are looking at variation over time, so time trends where the US sector is trending down while the Chinese is trending up would easily generate such a strong correlation. I am actually a bit surprised it is not stronger (it must have to do with business cycles).
Some of the pattern might be mechanically driven by demographic transition. High population growth at first that washes out productivity gains and the transition kicks in at some point. Very interesting, in any case!
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Feb 27, 2011