Quantitative Economics in China


Book Description

"This book provides a comprehensive overview of the fruitful achievement of China's Quantitative Economics during the past 30 years, assembling pioneering contributions of prominent quantitative economists in China. It chronicles significant events and the detailed evolution of Quantitative Economics in China. This well-organized book is a must-have for scholars to get a full picture of the status quo, and identify possible research gaps."--




Chinese Economic Growth and Fluctuations


Book Description

Since the economic reform of the 1980s, Chinese economy has boomed and has now become the second largest in the world. Based on the constant and systematic researches of economic periodicity, this book studies Chinese economic growth and fluctuations. As a famous Chinese economist, the author is the first one who demonstrated the investment periodicity in China. His groundbreaking studies on Chinese economic periodic fluctuation have significant impact at home and abroad. The first six papers collected in this book mainly examine issues on Chinese periodic fluctuation and macroeconomic regulation, including the periodic fluctuations from 1953 to 1994, and a comparative analysis of five macroeconomic regulations since the reform and open up in the late 1980s. The last seven papers appear in the author's collected works for the first time. They are focused on the new characteristics of Chinese macroeconomic operation and regulation after the financial crisis of 2007-2008. In addition, this book reviews on China's economic growth from 1949 to 2009 and provides some valuable suggestions on how to maintain the rising trend of the new economic cycle.




Chinese Macroeconomic Operation


Book Description

Liu Shucheng is a famous Chinese economist who has a major impact on the study of China's macroeconomics and quantitative economics. Selecting some of Liu's representative studies on Chinese macroeconomy, this book will be a valuable reference for understanding and studying Chinese economy. The first five papers appear in the author's collected works for the first time. They mainly study the overall balance of Chinese macroeconomic operation and the relative economic mathematical models. The commodity-currency balance sheet improved the earliest input-output model introduced to China in the 1980s, and the author's frontier research is of great importance for Chinese economic study. In attempting to solve the problems caused by incontrollable fixed assets investment, the author examines the periodicity of fixed assets investment in China, including the characteristics, causes, and the impact of investment periodic fluctuation on economic periodic fluctuation. Besides, the author studies Phillips curves in China in a comprehensive and intensive way. These in-depth analysis provide original insights based on the author's extensive research.




Resources, Power, and Economic Interest Distribution in China


Book Description

Based on an investigation of economic and resource allocation factors and their close relation to economic power, this book puts forward the power paradigm, a new economic research paradigm revealing the relationship among power, institutions, and resource allocation mechanisms, helping to establish a valid connection between macroeconomics and microeconomics and shedding light on real-world economic issues. Drawing on classical, neoclassical, and institutional economics and how these schools of thought have impacted on economic development in China over the past century, the book sheds light on distribution processes and argues that enterprise contracts, market pricing, policies, laws and regulations can all be classified as interest distribution mechanisms informed by a variety of power games. The power paradigm suggests that to achieve full utility and an optimal allocation of resources to foster social welfare, power reciprocity needs to be shared among different economic agents at the same hierarchy level while making sure that power and responsibility are equivalent for each economic agent. The book will appeal to research students and academics interested in heterodox economics, pluralist approaches, institutional economics, and game theory.




Quantitative Measures of China's Economic Output


Book Description

Monographic compilation of conference papers in homage to Alexander Eckstein on macro-economic indicators of China's economic development (trends 1949-1975) - examines available estimates and issues in data collecting and economic analysis concerning agricultural production, industrial production, gross domestic product, prices, capital formation, etc., and includes a list of Eckstein's publications. Bibliography pp. 435 to 440, references and statistical tables. Festschrift Eckstein A, economist. Conference held in Washington 1975 Jan.




China's Economy: Rural Reform And Agricultural Development


Book Description

Containing ten quality chapters on China's rural reforms and agricultural development, this first volume from the Series on Developing China: Translated Research from China emphasizes the importance of countryside, agriculture and the role of peasants in China's economy.While the Chinese revolution has traveled a path of “encircling the cities from the rural areas”, Chinese reforms were likewise started in promoting the household contract responsibility system in the rural areas — the majority of its population living in the countryside makes it the focus of the reforms. Such structural issues that readjustment of interests entailed as urban-rural divide and poor-rich gap are closely related to the rural reform. For this, a rural study centered on the three rural issues (agriculture, rural areas and peasants), or peasantography, is actually an academic “gold mine”, which contains the richest possibilities for Chinese social science to contribute to the world.The above mentioned chapters cover an extensive range of issues in rural reform and agricultural development in China, including property right, food trade structure, the Township and Village Enterprises, non-agricultural employment, the mobility of labor force, land distribution, taxation and saving behavior. The research approach ranges from a macro- to microeconomics level, while in terms of research methodology, property theory, game model and quantitative economics are used, in combination with historiography and empirical case studies.







Industrial Development in Modern China


Book Description

This book studies the process of economic and industrial development in the Republic of China (1912-1949), in the hope of shedding light on how China came to be a comparative economic laggard in the period, especially in comparison to Japan. Backed up by extensive industrial statistical data gathered and rigorously analyzed by the author, this book stands out from previous research that has been limited to theoretical inferences and general judgments with scarce empirical evidence. So, far from being a purely historical review of China's industrial development, this book focuses on the internal logic of economic phenomena, especially the relationship among economic variables reflected in economic data, and it offers discussions within the framework of economic development theory. The author uses multivariate statistical analysis to draw comparisons between the industrial development of China and that of Japan, focusing on outbound investment and its importance for economic growth. This book will appeal to academics and general readers interested in the economic development and modern economic history of East Asia, as well as development economics and industrial and technological history.




China as a Leader of the World Economy


Book Description

Pt. 1. Economic institutions. ch. 1. Introduction: an overview of China's economy. ch. 2. Three important players of China's economy. ch. 3. Is Chinese capitalism different? ch. 4. Economic planning in China. ch. 5. Role of economists in China's economic development. ch. 6. Free to choose in China. ch. 7. Chinese and American economic institutions reflecting cultural differences. ch. 8. Outflow of capital and China's diplomacy. ch. 9. Economic relations between Brazil and China. ch. 10. India's model of rapid economic development. ch. 11. Will the Russian economy grow rapidly? ch. 12. Comparing economic developments in Taiwan and mainland China -- pt. 2. Economic issues. ch. 13. Problems facing the Chinese economic system. ch. 14. Directions for economics education and research in China. ch. 15. Important lessons from studying the Chinese economy. ch. 16. US housing bubble and economic downturn. ch. 17. Will consumption expenditures in China increase rapidly? ch. 18. From Guangzhou Opera House to issues of economic development. ch. 19. Lessons from the current American great recession -- pt. 3. Economic policies. ch. 20. How to improve university education in China? ch. 21. How to manage a university well? ch. 22. How to improve the efficiency of state enterprises? ch. 23. Carry out the open door policy further. ch. 24. How to stop inflation in China? ch. 25. How to solve the problems of China's inflation and the American recession? ch. 26. China's aging population. ch. 27. China's environmental policy: a critical survey -- pt. 4. Quantitative economic studies. ch. 28. Note on a model of Chinese national income determination. ch. 29. Lessons from studying a simple macroeconomic model for China. ch. 30. Shanghai stock price movements reflecting China's globalization. ch. 31. Co-movements of Shanghai and New York stock prices by time-varying regressions




Energy, Environment and Economic Transformation in China


Book Description

China has achieved rapid economic growth since the market-oriented reform in 1978 and became the second largest economy in the world in 2010. However, the growth model in China is still extensive in nature and may be characterized with high energy consumption and heavy environmental pollutions etc. In fact, China has successively become the largest carbon emitter since 2007 and the largest energy consumer since 2009 in the world. This book endeavors to analyze whether such energy driven and environment restricted economic growth can be sustainable in China in the long run. The book describes the basic situations of energy consumption and environmental pollution in China from the dimensions of industries, regions and energy-types. It also introduces the evolution of energy and environmental policies implemented in China. In particular, this book makes use of the environmental activity analysis model to assess the sustainable transformation of economic model in Chinese industries and regions. This model captures the negative externalities of pollutants and estimates the environmental total factor productivity accurately. The possibilities of win-win development and double dividend are also forecasted. This book proposes new methods to measure the environmental total factor productivity, evaluate the process of low carbon transformation, quantify the structural bonus, estimate the abating cost and forecast the win-win development and so on. Researchers may find these methodologies useful for measuring other pollutants and for analysis in other countries.