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Author : Yan Wang
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (236 download)
Download or read book Sources of China's Economic Growth, 1952-1990 written by Yan Wang and published by . This book was released on 2001 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yan Wang
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (913 download)
Download or read book Sources of China's Economic Growth, 1952-99: Incorporating Human Capital Accumulation written by Yan Wang and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: July 2001 Both productivity growth and factor accumulation figured significantly in China's remarkable growth performance between 1978 and 1999, a period of reform. Considering China's need for an innovation-based knowledge economy, the recent declining rate of human capital accumulation--education--is a cause for concern. China's performance in economic growth and poverty reduction has been remarkable. There is an ongoing debate about whether this growth is mainly driven by productivity or factor accumulation. But few past studies had incorporated information on China's human capital stock, and thus contained an omission bias. Wang and Yao construct a measure of China's human capital stock from 1952 to 1999 and, using a simple growth accounting exercise, incorporate it in their analysis of the sources of growth during the pre-reform (1952-77) and the reform period (1978-99). They find that the accumulation of human capital in China (as measured by the average years of schooling for the population aged 15 to 64) was quite rapid and contributed significantly to growth and welfare. After incorporating human capital, they also find that the growth of total factor productivity still plays a positive and significant role during the reform period. In contrast, productivity growth was negative in the pre-reform period. The results are robust to changes in labor shares in GDP. The recent declining rate of human capital accumulation is a cause for concern, if China is to sustain its improvements in growth and welfare in the coming decade. Funding for basic education is unevenly distributed and insufficient in some poor regions. This paper--a product of the Economic Policy and Poverty Reduction Division, World Bank Institute--is part of a larger effort in the institute to examine country experience on globalization and growth. The authors may be contacted at [email protected] or [email protected].
Author : Yan Wang
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (318 download)
Download or read book Sources of China's Economic Growth, 1952-1999 written by Yan Wang and published by . This book was released on 2001 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yan WANG
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (119 download)
Download or read book SOURCES OF CHINA'S ECONOMIC GROWTH, 1952-99: INCORPORATNG HUMAN CAPITAL ACCUMULATION written by Yan WANG and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Paresh Kumar Narayan
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book The Division of Labor, Capital, Communication Technology and Economic Growth written by Paresh Kumar Narayan and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The implications of the division of labor, capital, and technology for economic growth have long been a fundamental issue in development economics. This paper employs the bounds testing approach to cointegration to examine the relationship between the division of labor, capital accumulation, communication technology, and economic growth for China over the period 1952-99. We find that in the long run, capital stock and the division of labor both have statistically significant positive effects on growth, while in the short run the effects are not significantly positive. Telecommunication technology, rather surprisingly, has a statistically insignificant impact on growth both in the long run and in the short run. Our findings indicate that there exists a long run equilibrium relationship between capital and the division of labor on the one hand, and economic growth on the other, thereby lending support to the division of labor theory of growth.
Author : John Knight
Publisher : Oxford University Press
ISBN 13 : 0199698694
Total Pages : 355 pages
Book Rating : 4.1/5 (996 download)
Download or read book China's Remarkable Economic Growth written by John Knight and published by Oxford University Press. This book was released on 2012-04-12 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's economy has been growing at ten per cent 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?
Author : Ligang Song
Publisher : ANU Press
ISBN 13 : 176046130X
Total Pages : 495 pages
Book Rating : 4.7/5 (64 download)
Download or read book China's New Sources of Economic Growth: Vol. 2 written by Ligang Song and published by ANU Press. This book was released on 2017-07-20 with total page 495 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s efforts in searching for new sources of growth are increasingly pressing given the persistence of the growth slowdown in recent years. This year’s book elucidates key present macroeconomic challenges facing China’s economy in 2017, and the impacts and readiness of human capital, innovation and technological change in affecting the development of China’s economy. The book explores the development of human capital as the foundations of China’s push into more advanced growth frontiers. It also explores the progress of productivity improvement in becoming the primary mechanism by which China can sustain economic growth, and explains the importance of China’s human capital investments to success on this front. The book demonstrates that technical change is a major contributor to productivity growth; and that invention and innovation are increasingly driving technical change but so far lumpily across regions, sectors and invention motivations. Included are chapters providing an update on reform and macroeconomic development, educational inequality, the role of intangibles in determining China’s economic growth, and China’s progress in transitioning towards being an innovative country. The book also covers the regional dimension of innovation and technological progress by sector: in agricultural productivity, renewable energy and financial markets. Chapters on trade, investment, regional cooperation and foreign aid explore further the mechanisms through which technological change and innovative activities are emerging locally and internationally.
Author : John Joshua
Publisher : Springer
ISBN 13 : 1137529369
Total Pages : 565 pages
Book Rating : 4.1/5 (375 download)
Download or read book The Contribution of Human Capital towards Economic Growth in China written by John Joshua and published by Springer. This book was released on 2015-06-30 with total page 565 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book develops a human capital model to explain transformational growth within different stages of economic development, which will induce technological changes and consequently will require a change in human capital. China is a case study in transition and can provide useful lessons to other emerging economies.
Author : Shaohua Chen
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4./5 ( download)
Download or read book China's Growth and Poverty Reduction written by Shaohua Chen and published by World Bank Publications. This book was released on 2001 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors investigate recent rends in poverty, and inequality in China, decomposing data on poverty reduction to see who has benefited most from China's economic growth. They find that, by several measures, poverty declined significantly in the 1990s, across a wide range of poverty lines, except that a slight slowdown in China's export, and economic growth in 1997-99 might have hurt the poor. There was a slight increase in the poverty headcount between 1997 and 1999, using lower poverty lines, and a worsening of the poverty gap index. Average per capita consumption declined for farmers, especially those living in poor regions such as Gans, Heilongjiang, Sanxi, and Xinjiang. It is unclear whether this decline was attributable to Asia's economic crisis. Economic growth contributed significantly to poverty reduction, but rising inequality worsened both rural, and urban income distributions - except during the Asian crisis, when the distribution remained relatively stable. The poor benefited far less than the rich from economic growth. Income growth reached, or exceeded the average growth rate only for the richest twenty percent of the population. The authors then examine the relationship between human capital, growth, and poverty. They find that the accumulation of human capital had slowed, and that there is a huge regional disparity in human capital stock. And the distribution of education is becoming increasingly skewed. China must address this problem if it is to succeed in attacking poverty, and inequality.
Author : Yanrui Wu
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781959152
Total Pages : 264 pages
Book Rating : 4.9/5 (591 download)
Download or read book Economic Growth, Transition, and Globalization in China written by Yanrui Wu and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses a number of important topics and issues associated with China's economic transition, growth and global integration. The chapters, by a distinguished group of scholars, provide a timely assessment of recent developments in the Chinese economy. The authors employ contemporary economic theory and the latest statistics to analyze the sources and spillover effects of China's growth, to investigate the relationship between growth and business cycle, and to shed light on China's growth prospects in the coming decade. In the context of growth, transition and globalization, the chapters also cover issues such as labour economics, urban efficiency, banking and macroeconomic management. Economic Growth, Transition and Globalization in China is a highly focused and unique work of direct policy relevance and is aimed at an international audience. It is an invaluable combination of rigorous theoretical work and empirical material. This timely book should be an important reference for researchers and students of Asian studies, and the Chinese economy, in particular. It will also appeal to business analysts.
Author : Vikram Nehru
Publisher : World Bank Publications
ISBN 13 : 9780821340424
Total Pages : 176 pages
Book Rating : 4.3/5 (44 download)
Download or read book China 2020 written by Vikram Nehru and published by World Bank Publications. This book was released on 1997-01-01 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first volume in the China 2020 seven-volume set, China 2020: Development Challenges in the New Century, provides an overview of the country's strengths and weaknesses as well as its obstacles and options. The report argues that China can meet these challenges and sustain rapid growth, mainly because of its strengths including its relative stability, a remarkably high savings rate, a strong record of pragmatic reforms, a disciplined and literate labor force, a supportive Chinese diaspora, and growing administrative capacity. These strengths have driven the country's growth for the past two decades and can continue to do so over the next two. To nurture these strengths and use them effectively, however, reforms must develop in three related areas: the spread of market forces must be encouraged; the government must begin serving markets by building the legal, social, physical, and institutional infrastructure, and integration with the world economy must be deepened.
Author : Maddison Angus
Publisher : OECD Publishing
ISBN 13 : 9264163557
Total Pages : 196 pages
Book Rating : 4.2/5 (641 download)
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.
Author : Michel Aglietta
Publisher : Routledge
ISBN 13 : 0415535026
Total Pages : 332 pages
Book Rating : 4.4/5 (155 download)
Download or read book China's Development written by Michel Aglietta and published by Routledge. This book was released on 2013 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focussing on sustainability, this book explores the future of China in light of the successful reforms undertaken in the last thirty years. It combines Chinese economic history and up-to-date macroeconomic theory in order to show how economic transformations and institutional changes are intertwined in developing capitalism under state sovereignty.
Author : James Riedel
Publisher : Princeton University Press
ISBN 13 : 0691220182
Total Pages : 224 pages
Book Rating : 4.6/5 (912 download)
Download or read book How China Grows written by James Riedel and published by Princeton University Press. This book was released on 2020-10-06 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why investment and financial reform are essential to China's continued economic well-being Although China's economy has grown spectacularly over the last twenty-five years, economists disagree about how the Chinese economy is likely to fare in the short- and long-term future. Is China's growth sustainable, or has China relied too much on investment, which is subject to diminishing returns, and not enough on technological change? The first book on the relation between investment, finance, and growth in China, How China Grows dismisses this concern. James Riedel, Jing Jin, and Jian Gao argue that investment has not only been the engine of growth, but also the main source of technological progress and structural change in China. What threatens future growth instead, the authors argue, are the weaknesses of China's financial system that undermine efficiency in investment allocation. Financial-sector reform and development are necessary, not only for sustaining long-term growth, but also for maintaining macroeconomic stability. Although it includes some technical economic analysis, How China Grows is accessible to noneconomists and will benefit anyone who is interested in development finance in general and in China's economic growth in particular—whether economists, political scientists, bankers, or business people.
Author : Ross Garnaut
Publisher : ANU E Press
ISBN 13 : 1920942416
Total Pages : 287 pages
Book Rating : 4.9/5 (29 download)
Download or read book The China Boom and Its Discontents written by Ross Garnaut and published by ANU E Press. This book was released on 2005-10-01 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: China is shaping the global economy as never before. An insatiable demand for commodities, energy resources and capital, and deepening integration to the world economy has won China acclaim. Yet 25 years of rapid industrial development, far-reaching economic reforms and increasing international competition have also created an array of challenging domestic policy demands. The China Boom and its Discontents discusses the financial and social challenges that have emerged in the wake of rapid economic growth. Recent research on demographic trends, labour movements, financial development, social security, urbanisation and trade agreements highlight the unfinished progress of reforms in China.
Author : Linda Y. Yueh
Publisher : Edward Elgar Publishing
ISBN 13 : 1849805652
Total Pages : 263 pages
Book Rating : 4.8/5 (498 download)
Download or read book The Economy of China written by Linda Y. Yueh and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'The book is a very good snapshot introduction to China and could potentially be used as a supplementary text for undergraduates in their studies on the Chinese economy or Chinese studies.' Herb Thompson, Journal of Contemporary Asia 'By examining the institutional reforms used to make the transition, Yueh provides a comprehensive and exceptionally insightful analysis of economic change in what has become the world's second biggest economy. . . Highly recommended.' C.A. Haulman, Choice The emergence of China since 1979 has been a hallmark in the global economy, not only in the past but also in this century. This comprehensive book provides an analytical view of the remarkable economic development of the most exciting economy in the world. China's impressive economic growth has propelled it from being one of the poorest countries in the world to becoming its second largest economy. It is a complex economy with a mix of characteristics resulting from being both a transition economy and a developing country, which also points to the challenges that it still faces. This book explains China's remarkable transformation from a centrally planned to a more market-oriented economy through examination of the institutional reforms necessary to support such marketisation and eventual global integration. Although no book will be able to be completely comprehensive given the scale of the economy and the remarkable pace of transformation over three decades, this study highlights the key areas giving an overview of the major developments in China's economy, enabling its prospects of continuing growth to be assessed. With topical discussion incorporating recent data and developments, this book will be a stimulating read for academic researchers, postgraduate students in economics, international business, Chinese and area studies, as well as anyone interested in understanding the Chinese economy.
Author : Eden S.H. Yu
Publisher : Routledge
ISBN 13 : 1351160664
Total Pages : 322 pages
Book Rating : 4.3/5 (511 download)
Download or read book Critical Issues in China's Growth and Development written by Eden S.H. Yu and published by Routledge. This book was released on 2017-11-30 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: In approximately two decades China has transformed from a stagnant socialist economy to one that is vibrant and largely market-oriented. Given China's size, rapid economic growth, and her increasing importance as an economic and political power, the country's growth and development have aroused major interest among academics and policymakers worldwide. Written by a distinguished group of economists, this volume offers insight and in-depth analysis of a wide range of issues related to China's growth and development, from the role of higher education in the country's economic growth, to socioeconomic issues such as stock market manipulation and rural-urban migration. The contributors are established scholars in the field and their research methodologies are at the frontier of modern analytical economics, including economic dynamics and computable general equilibrium analysis. The volume will be of interest to students and researchers in the areas of Chinese economic studies, finance and international economics, international business, and transitional economy.
