China's remarkable economic growth / John Knight and Sai Ding.

Format:

Book

Author/Creator:

Knight, John B.

Language:

English

Subjects (All):

Economics.

China--Economic conditions--1976-2000.

China.

China--Economic conditions--2000-.

China--Economic policy--1976-2000.

China--Economic policy--2000-.

Physical Description:

1 online resource (355 p.)

Place of Publication:

Oxford : Oxford University Press, 2012.

Language Note:

English

Summary:

China's economy has been growing at 10% per annum for the last three decades. This book considers one of the biggest questions facing contemporary economists: why and how is the Chinese economy growing so fast?

Contents:

Cover; Contents; List of Figures; List of Tables; Part I: Introduction; 1. Setting the Stage; 1.1 The Issues; 1.2 China's Economic History; 1.3 The Data; 1.4 The Methodology; 1.5 Outline of the Book; 2. Approaches to Understanding Economic Growth; 2.1 Models of Economic Growth; 2.2 Empirical Approaches to Economic Growth; 2.3 Economic Growth and Economic Development; 2.4 Economic Growth and Inequality; 2.5 Looking Ahead; 3. The Evolution of Institutions and Policies; 3.1 Introduction; 3.2 Central Planning; 3.3 Rural Reform; 3.4 Urban Reform; 3.5 Economy-Wide Reform

3.6 The Political Economy of Economic Reform3.7 Conclusion; Part II: The Determinants of China's Economic Growth; 4. China in a Cross-Country Growth Perspective; 4.1 Introduction; 4.2 Background to China's Growth; 4.3 Augmenting the Solow Model; 4.4 Data and Sample; 4.5 Empirical Methodology; 4.6 Empirical Results; 4.7 Explaining China's Relative Performance; 4.8 Conclusion; Appendix 4.1; Appendix 4.2; 5. The Basic Cross-Province Growth Equation; 5.1 Introduction; 5.2 Methodology; 5.3 The Data; 5.4 Model-Selection Results; 5.5 The Baseline Model; 5.6 Conclusion; Appendix 5.1

6. The Role of Physical and Human Capital Formation6.1 Introduction; 6.2 Physical Capital Accumulation; 6.3 Human Capital Accumulation; 6.4 Illustrative Counterfactual Predictions; 6.5 How was Rapid Capital Accumulation Possible?; 6.6 Conclusion; Appendix 6.1; 7. The Role of Structural Change: Trade, Ownership, Industry; 7.1 Introduction; 7.2 Increasing Openness; 7.3 Institutional Change; 7.4 Sectoral Change and Industrialization; 7.5 Conclusion; Appendix 7.1; 8. Why Does China Invest so Much?; 8.1 Introduction; 8.2 The Demand for Investment; 8.3 The Supply of Investment: Resources

8.4 The Supply of Investment: Funds8.5 The Efficiency of Investment: Static; 8.6 The Efficiency of Investment: Dynamic; 8.7 Conclusion; Part III: The Consequences of China's Economic Growth; 9. Economic Growth and the Labour Market; 9.1 Introduction; 9.2 The Lewis Model; 9.3 Trends in the Chinese Labour Market; 9.4 Literature Survey; 9.5 The Data; 9.6 Migrant Wage Behaviour; 9.7 The Pool of Potential Migrants; 9.8 Projections into the Future; 9.9 Conclusion; 10. Economic Growth and Inequality; 10.1 Introduction; 10.2 The Rise in Inequality; 10.3 Inequality of Wealth

10.4 The Rise in Inequality and the Relation to Poverty10.5 The Components of Rising Inequality: Urban Income; 10.6 The Components of Rising Inequality: Rural Income; 10.7 The Components of Rising Inequality: Spatial Income; 10.8 Rising Inequality: the Policy Issues; 10.9 Conclusion; 11. Economic Growth and Happiness; 11.1 Introduction; 11.2 Background on Subjective Well-Being; 11.3 Survey, Data, and Method; 11.4 Rural Happiness; 11.5 Urban Happiness; 11.6 A Rural-Urban Comparison; 11.7 Migrant Happiness; 11.8 Aspiration Income and Happiness; 11.9 Conclusion; Part IV: Conclusion

12. Economic Growth in China: Prospect

Notes:

Description based upon print version of record.

Description based on print version record.

Includes bibliographical references and index.

ISBN:

0-19-164102-2

9786613594808

1-280-49957-5

0-19-162409-8

OCLC:

793418659