Economic transition in China : long-run growth and short-run fluctuations / Zhigang Yuan, editor.

Format:

Book

Contributor:

Yuan, Zhigang, editor.

Series:

Series on Chinese economics research ; Volume 8.

Series on Chinese Economics Research, 2251-1644 ; Volume 8

Language:

English

Subjects (All):

Economic development--China.

Economic development.

China--Economic policy--1976-2000.

China.

China--Economic policy--2000-.

Physical Description:

1 online resource (529 p.)

Place of Publication:

Singapore : World Scientific Publishing Co. Pte. Ltd., 2014.

Language Note:

English

Summary:

This book provides a comprehensive overview on Chinese economy in the last three decades and an insightful view on the future reform in China. The China''s miracle is used to describe its rapid economic growth in the last thirty years. The author aims to demystify the miracle by analyzing the past and present of economic transitions and showcases the blueprint for future economic reforms, from the perspectives of institutional transformation, urbanization and changes in the labor markets. The book contains hottest topics on Chinese economy, such as land market reform, new-type urbanization and

Contents:

Contents; Acknowledgement; List of Tables; List of Figures; Chapter 1 China's Economic Growth Under Globalization; 1. The Opportunities of China's Economic Development Brought by Globalization; 2. The Change in the Driving Force of China's Economic Development Since Reform and Opening Up; 2.1 Stage 1: Rural Land Reform; 2.2 Stage 2: Rural Industrialization; 2.3 Stage 3: The Start and Deepening of Urban Reform; 2.4 Stage 4: China's Economic Growth After Joining the WTO; 2.5 Summary; 3. Problems and their Influences in the Current Stage of China's Economic Development

3.1 The Challenge of an Export-Driven Growth Strategy After the Financial Crisis3.2 The Problems and Challenges of Reasonable Definition of the Relationship Between the Government and the Market; 3.2.1 The problems of reasonable definition of the boundaries of the government and the market; 3.2.2 The balance of the administrative authority and the fiscal authority between the central government and local governments; 3.2.3 Equal rights of the SOEs and private enterprises; 3.3 The Problems and Challenges Resulting from the Asynchrony of Urbanization, Industrialization, and Aging of Population

3.3.1 The causes and effects of China's urbanization behind industrialization3.3.2 The causes and effects of the untimely arrival of aging of population; 3.4 The Environmental Costs Problem in Economic Development; 3.5 Summary; 4. Development Strategy of Sustainable Growth in Chinese Economy; 4.1 Principles for Chinese Economic Reform; 4.1.1 Debate on Chinese economy reform; 4.1.2 The choice of the Chinese economy reform path; 4.2 Thinking on the Reform Path; 4.2.1 Thinking on the reform of foreign relations; 4.2.2 Thinking on the domestic reform; 4.3 Summary; 5. Conclusion; References

Chapter 2 Potential Economic Growth of China in Transition1. Introduction; 2. History and Stages of the Chinese Economy Since 1978; 2.1 Economic History of China since 1978; 2.2 Current Stage of the Chinese Economy; 3. Trends of Potential Economic Growth Rate in China; 3.1 Labor Supply; 3.2 Capital Accumulation; 3.2.1 Contribution of capital accumulation: The efficiency perspective; (1) Capital Allocation Distortions in China; (2) Capital Allocation Distortions: Estimates; 3.2.2 Contribution of capital accumulation: The quantity perspective; (1) Household Savings; (2) Corporate Savings

(3) Government Savings3.3 TFP; 3.3.1 Theoretical model; 3.3.2 Data; 3.3.3 Regression results; 3.3.4 Future trends of TFP growth: Predictions based on experience from Japan; 4. Conclusions and Policy Implications; References; Chapter 3 Is China's Export Really Special? Perspective from Trade in Value Added; 1. Introduction; 2. Theoretical Considerations; 3. Data; 4. The Domestic Value Added of China's Exports; 4.1 The Change of the Domestic Value Added of China's Exports; 4.2 The Differences of Domestic Value Added of Gross Exports Across Industries

4.3 The Driving Force of the Change in Domestic Value Added

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

981-4569-98-4