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Estimating Distortions In The Chinese Economy
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Book Synopsis Estimating Distortions in the Chinese Economy by : Juzhong Zhuang
Download or read book Estimating Distortions in the Chinese Economy written by Juzhong Zhuang and published by . This book was released on 1996 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Labor Market Distortions, Rural-urban Inequality, and the Opening of People's Republic of China's Economy by : Thomas Warren Hertel
Download or read book Labor Market Distortions, Rural-urban Inequality, and the Opening of People's Republic of China's Economy written by Thomas Warren Hertel and published by World Bank Publications. This book was released on 2004 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors find that reform of the Hukou system has the most significant impact on aggregate economic activity, as well as income distribution. Whereas the land market reform primarily benefits the agricultural households, this reform's primary beneficiaries are the rural households currently sending temporary migrants to the city. By reducing the implicit tax on temporary migrants, Hukou reform boosts their welfare and contributes to increased rural-urban migration. The combined effect of both factor market reforms is to reduce the urban-rural income ratio dramatically, from 2.59 in 2007 under the authors' baseline scenario to 2.27. When viewed as a combined policy package, along with WTO accession, rather than increasing inequality in China, the combined impact of product and factor market reforms significantly reduces rural-urban income inequality. This is an important outcome in an economy currently experiencing historic levels of rural-urban inequality"--Abstract.
Book Synopsis A Re-estimation of the Chinese Economy by : United States. Congress. Joint Economic Committee
Download or read book A Re-estimation of the Chinese Economy written by United States. Congress. Joint Economic Committee and published by . This book was released on 1975 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Congressional Research Service Publisher :Createspace Independent Publishing Platform ISBN 13 :9781976466953 Total Pages :52 pages Book Rating :4.4/5 (669 download)
Book Synopsis China's Economic Rise by : Congressional Research Service
Download or read book China's Economic Rise written by Congressional Research Service and published by Createspace Independent Publishing Platform. This book was released on 2017-09-17 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prior to the initiation of economic reforms and trade liberalization 36 years ago, China maintained policies that kept the economy very poor, stagnant, centrally-controlled, vastly inefficient, and relatively isolated from the global economy. Since opening up to foreign trade and investment and implementing free market reforms in 1979, China has been among the world's fastest-growing economies, with real annual gross domestic product (GDP) growth averaging nearly 10% through 2016. In recent years, China has emerged as a major global economic power. It is now the world's largest economy (on a purchasing power parity basis), manufacturer, merchandise trader, and holder of foreign exchange reserves.The global economic crisis that began in 2008 greatly affected China's economy. China's exports, imports, and foreign direct investment (FDI) inflows declined, GDP growth slowed, and millions of Chinese workers reportedly lost their jobs. The Chinese government responded by implementing a $586 billion economic stimulus package and loosening monetary policies to increase bank lending. Such policies enabled China to effectively weather the effects of the sharp global fall in demand for Chinese products, but may have contributed to overcapacity in several industries and increased debt by Chinese firms and local government. China's economy has slowed in recent years. Real GDP growth has slowed in each of the past six years, dropping from 10.6% in 2010 to 6.7% in 2016, and is projected to slow to 5.7% by 2022.The Chinese government has attempted to steer the economy to a "new normal" of slower, but more stable and sustainable, economic growth. Yet, concerns have deepened in recent years over the health of the Chinese economy. On August 11, 2015, the Chinese government announced that the daily reference rate of the renminbi (RMB) would become more "market-oriented." Over the next three days, the RMB depreciated against the dollar and led to charges that China's goal was to boost exports to help stimulate the economy (which some suspect is in worse shape than indicated by official Chinese economic statistics). Concerns over the state of the Chinese economy appear to have often contributed to volatility in global stock indexes in recent years.The ability of China to maintain a rapidly growing economy in the long run will likely depend largely on the ability of the Chinese government to implement comprehensive economic reforms that more quickly hasten China's transition to a free market economy; rebalance the Chinese economy by making consumer demand, rather than exporting and fixed investment, the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental protection. The Chinese government has acknowledged that its current economic growth model needs to be altered and has announced several initiatives to address various economic challenges. In November 2013, the Communist Party of China held the Third Plenum of its 18th Party Congress, which outlined a number of broad policy reforms to boost competition and economic efficiency. For example, the communique stated that the market would now play a "decisive" role in allocating resources in the economy. At the same time, however, the communique emphasized the continued important role of the state sector in China's economy. In addition, many foreign firms have complained that the business climate in China has worsened in recent years. Thus, it remains unclear how committed the Chinese government is to implementing new comprehensive economic reforms.China's economic rise has significant implications for the United States and hence is of major interest to Congress. This report provides background on China's economic rise; describes its current economic structure; identifies the challenges China faces to maintain economic growth; and discusses the challenges, opportunities, and implications of China's economic rise.
Book Synopsis Estimating China's "Equilibrium" Real Exchange Rate by : Steven Vincent Dunaway
Download or read book Estimating China's "Equilibrium" Real Exchange Rate written by Steven Vincent Dunaway and published by INTERNATIONAL MONETARY FUND. This book was released on 2005-10-01 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: The number of studies attempting to estimate the "equilibrium" real value of China's currency has proliferated in recent years as the country's presence in world markets has grown. These studies have sought to establish whether or not a significant part of China's competitive prowess can be attributed to the foreign exchange value of the renminbi. Unfortunately, no consensus has emerged because the studies yield a very wide range of estimates. The paper looks at a sample of these studies, with estimates of undervaluation ranging from zero to nearly 50 percent. It attributes the wide variation in these estimates to the influence of such factors as the different methodologies used, explanatory variables included, subjective judgments of the various researchers in deriving their results, and instability in underlying economic relationships, especially in a rapidly developing economy like China.
Book Synopsis A General Equilibrium Computation of Market Distortions in the Chinese Economy by : Juzhong Zhuang
Download or read book A General Equilibrium Computation of Market Distortions in the Chinese Economy written by Juzhong Zhuang and published by . This book was released on 1993 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Development Centre Studies Chinese Economic Performance in the Long Run by : Maddison Angus
Download or read book Development Centre Studies Chinese Economic Performance in the Long Run written by Maddison Angus and published by OECD Publishing. This book was released on 1998-09-25 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study provides a major reassessment of the scale and scope of China’s resurgence over the past half century, employing quantitative measurement techniques which are standard practice in OECD countries, but which have not hitherto been available for China.
Book Synopsis Quantitative Measures of China's Economic Output by : Alexander Eckstein
Download or read book Quantitative Measures of China's Economic Output written by Alexander Eckstein and published by . This book was released on 2016-10-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The papers in this volume were among those presented at a Conference on the Quantitative Measures of China's Economic Output, held in January, 1975, at the Brookings Institution in Washington, D.C. The conference was sponsored by the Subcommittee on Research on the Chinese Economy of the Joint Committee on Contemporary China of the Social Science Research Council and the American Council of Learned Societies. Alexander Eckstein, from the University of Michigan, had been asked by the subcommittee to organize a meeting to bring together academics and government professionals carrying out research on China's economy to discuss common problems encountered in their research. Given the limited quantity and poor quality of basic economic data for China since 1949, Eckstein decided to organize the conference on the theme of reconciling quantitative estimates of China's economic output. Participants included some twenty academics from the United States, the United Kingdom, and India and fifteen professionals from government or quasi-public research institutions. The success of the conference led to urgings by the subcommittee and many other scholars that Eckstein edit several of the papers for publication. The revisions by the individual authors of the four essays included in this volume and the supervision and coordination of their efforts by Eckstein were time-consuming tasks. The authors worked closely with him in these efforts, and his detailed critiques and suggestions were planned as a separate volume. His contribution to the final version of the essays in this volume is very significant, but Eckstein suffered a fatal heart attack in December, 1976, before the revised draft of the fourth essay was completed and before he had begun to write the introductory essay. He was widely recognized as the dean of American scholars of the economy of China, and his death was a tragic loss for all students of China. Following Eckstein's death, Robert F. Dernberger of the Universit
Book Synopsis A Method for Estimating China's Rural GDP by : Harry X. Wu
Download or read book A Method for Estimating China's Rural GDP written by Harry X. Wu and published by . This book was released on 1993 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Market Distortions in the Chinese Economy from 1983 to 1988: an Applied General Equilibrium Analysis by : Juzhong Zhuang
Download or read book Market Distortions in the Chinese Economy from 1983 to 1988: an Applied General Equilibrium Analysis written by Juzhong Zhuang and published by . This book was released on 1992 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Rebalancing China's Economy: What Does Growth Theory Tell Us? by : Jahangir Aziz
Download or read book Rebalancing China's Economy: What Does Growth Theory Tell Us? written by Jahangir Aziz and published by International Monetary Fund. This book was released on 2006-12 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses the standard one-sector neoclassical growth model to investigate why China's consumption has been low and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts that the price of capital may have been significantly distorted in the 1990s and 2000s. The distortion could have been caused by nonperforming loans, borrowing constraints, and uncertainty over changes in government guidance in bank lending. If China is to rebalance growth towards relying more on consumption and less on exports and investment, banking sector reforms and financial market development could, therefore, turn out to be key.
Book Synopsis The Chinese Economy under Transition by : Sarah Cook
Download or read book The Chinese Economy under Transition written by Sarah Cook and published by Springer. This book was released on 2000-01-28 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: This wide-ranging collection addresses many important issues in China's economy under transition, from grain production to trade, to the development of township enterprises, the restructuring of state-owned enterprises, the emergence of big business, money demand and consumption behaviour. Together, the studies provide insightful analysis and discussion of economic policies, illuminating the institutional context within which reform strategies are negotiated and implemented in different economic sectors.
Book Synopsis Understanding China's Economic Indicators by : Thomas Orlik
Download or read book Understanding China's Economic Indicators written by Thomas Orlik and published by Pearson Education. This book was released on 2011-07-07 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Understanding China’s Economic Indicators, leading economist and Wall Street Journal columnist Thomas M. Orlik introduces 35 of China's most significant economic statistics. Orlik explains why each indicator matters, how it is collected and computed, and its impact on equity, commodity, and currency markets. As China has emerged as a central player in the global economy, more and more investors are seeking profitable opportunities there. To choose the right investments, it's crucial to understand China's economic environment–and that means finding, interpreting, and utilizing China's growing base of economic indicators. Orlik helps investors make sense of data on everything from Chinese GDP growth to inflation, unemployment, bond yields, electricity production, and aircraft passenger numbers. He draws on the best information supplied by the Chinese government's statistical agency, ministries, and industry associations, as well as private sources. Each indicator is clearly described, along with a practical discussion of its implications for investors.
Book Synopsis Estimating Income Inequality in China Using Grouped Data and the Generalized Beta Distribution by : Duangkamon Chotikapanich
Download or read book Estimating Income Inequality in China Using Grouped Data and the Generalized Beta Distribution written by Duangkamon Chotikapanich and published by . This book was released on 2006 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Sustaining China's Economic Growth After the Global Financial Crisis by : Nicholas R. Lardy
Download or read book Sustaining China's Economic Growth After the Global Financial Crisis written by Nicholas R. Lardy and published by Peterson Institute. This book was released on 2012 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Developing China: The Remarkable Impact of Foreign Direct Investment by : Michael J. Enright
Download or read book Developing China: The Remarkable Impact of Foreign Direct Investment written by Michael J. Enright and published by Taylor & Francis. This book was released on 2016-09-12 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: The importance of foreign investment to China goes well beyond the USD 1.6 trillion in investment received since its opening. The unique analysis in this book shows that the investments, operations, and supply chains of foreign enterprises have accounted for roughly one-third of China’s GDP in recent years, and that foreign enterprises have made numerous additional contributions to China through technological, managerial, business practice, supply chain, and other spillovers. This book shows how China’s leaders managed this process and provides lessons for policy makers interested in building their own economies and tools for companies to demonstrate their contribution to host countries.
Book Synopsis Labor Market Distortions, Rural-Urban Inequality, and the Opening of the People's Republic of China Economy by : Thomas Hertel
Download or read book Labor Market Distortions, Rural-Urban Inequality, and the Opening of the People's Republic of China Economy written by Thomas Hertel and published by DIANE Publishing. This book was released on 2008-05 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evaluates the impact of some key factor market reforms on rural-urban inequality & income distribution, using a household-disaggregated, recursive dynamic computable general equilibrium model of the People¿s Republic of China. It also explores how these factor market reforms interact with product market reforms currently under way as part of the country¿s World Trade Org. (WTO) accession process. The simulation results show that reforms in the rural land rental market & hukou system, as well as increasing off-farm labor mobility, would reduce the urban-rural income ratio dramatically. Furthermore, the combination of WTO accession & factor market reforms improves both efficiency & equality significantly. Charts, tables & graphs.