Economic Transition In China Long Run Growth And Short Run Fluctuations
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Economic Transition In China: Long-run Growth And Short-run Fluctuations
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 financial reform. It investigates both the long-run growth and short-run fluctuations. The factor markets, including labor market, capital market and land market, are analyzed as key determinants to long-run growth and consumption, while investment and net export are investigated as elements to short-run fluctuations.
A New Economic Growth Engine for China
This volume is a report by leading international economic experts on China's economic priorities in the coming years. From various aspects of the domestic and foreign situation, China has now reached a critical juncture in its economic development. Unless China is able to overcome the difficulties in undertaking further reforms in the next ten years, China would be caught in the middle-income trap and be unable to become a modern country. The future course of China's economic development is also of great concern to the rest of the world because the socio-political-economic conditions in China will have significant impact on global economic prosperity and on global political harmony.The book is a product of close collaboration between the School of Economics at Fudan University and the Earth Institute at Columbia University. They cover a new paradigm for growth, short-term demand management, institutional reforms for middle-term growth, and strengthening the fundamentals for long-term growth.
The Economic Cycle and the Growth of the Chinese Economy
The nature of the economic cycle has been a long-standing problem for economists, given much attention by especially Malthus, Marx and Keynes. Key questions include: What are the causes of the economic cycle? Are the causes endogenous or exogenous? and Why is the economic cycle irregular? Economists’ views on these matters have differed, some concluding that governments can intervene effectively to stimulate economic growth, while others argue that government intervention is ineffective and even harmful. This book explores the theory of the economic cycle in relation to economic growth in China, and especially in relation to income distribution and the demand for consumer durables. The book concludes that the cause of the economic cycle is endogenous, that the periodic fluctuation of economic growth and its dynamic equilibrium are natural aspects of the growth of the economy, and it puts forward a new model of the economic cycle which confidently predicts the future trajectory of China’s economic growth.