How has the Chinese economy managed to grow at such a remarkable rate - no less than ten per cent per annum - for over three decades? This well-integrated book combines economic theory, empirical estimation, and institutional analysis to address one of the most important questions facing contemporary economists. A common thread that runs throughout the book is the underlying political economy: why China became a 'developmental state', and how it has maintained itself as a 'developmental state'.
The book examines the causal processes at work in the evolution of China's institutions and policies. It estimates cross-country and cross-province growth equations to shed light on the proximate, and some of the underlying, determinants of the growth rate. It explores important consequences of China's growth, posing a series of key questions, such as: is the economy running out of unskilled labour; why and how has inequality risen; has economic growth raised happiness; what are the social costs of the overriding priority accorded to growth objectives; can China continue to grow rapidly, or will the maturing economy, or the macroeconomic imbalances, or financial crisis, or social instability, bring it to an end?
Based mainly on original research, this book will be of interest to growth economists, development economists, transition economists, China specialists, policy-makers, and indeed all those who are intrigued by the Chinese growth phenomenon.
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John Knight has conducted research on the Chinese economy for more than two decades, and has published many journal articles, including papers on income distribution, poverty, wages, migration, education, subjective well-being, and economic growth. His books on China include The Rural-Urban Divide: Economic Disparities and Interactions in China and Towards a Labour Market in China (both with Lina Song and both published by OUP). The latter book received the Richard A. Lester Prize, awarded at Princeton University, for "the outstanding book in Labor Economics and Industrial Relations published in 2005." He is a long-serving editor of the Oxford Bulletin of Economics and Statistics.
Sai Ding graduated from Nankai University and obtained her doctorate at Birmingham University before becoming a Research Fellow in Oxford, where she collaborated with John Knight on the research for this book. Her current research is on corporate investment and finance in China.
Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.
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Etat : Fine. Leichte Kratzer / Abnutzungen / Druckstellen; Vergilbt / ausgeblichen. How has the Chinese economy achieved an extraordinary growth rate of ten percent per annum for over three decades? This well-integrated work combines economic theory, empirical estimation, and institutional analysis to explore this critical question. A central theme is the political economy behind China's emergence and maintenance as a "developmental state." The analysis delves into the causal processes influencing the evolution of China's institutions and policies, estimating cross-country and cross-province growth equations to identify both proximate and underlying determinants of growth. The book also investigates significant consequences of this growth, raising essential questions: Is the economy depleting its supply of unskilled labor? How and why has inequality increased? Has economic growth contributed to overall happiness? What are the social costs associated with prioritizing growth? Furthermore, it considers whether China can sustain its rapid growth in light of a maturing economy, potential macroeconomic imbalances, financial crises, or social instability. Grounded in original research, this work will appeal to growth economists, development specialists, transition economists, China experts, policymakers, and anyone interested in understanding the dynamics of the Chinese growth phenomenon. N° de réf. du vendeur 2be927c9-89c4-4fc5-aae8-205da87ca19e
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