The Paradox of Catching Up
Rethinking State-Led Economic Development
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272 Result(s)
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Chapter
The Determinants of Educational Attainment in China
The evidence presented in this volume indicates that the distribution of income in China is less unequal than in many develo** countries. The Gini coefficient in 1988 was 0.34 in rural areas and 0.23 in urba...
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Article
Financial reforms and regional investment conflicts in China: A game-theoretic analysis
In the transition from a command to a market economy, macroeconomic stabilization poses a grave problem facing the reform governments. A distinct feature of China's economic fluctuations in the post-1979 perio...
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Testing the Neoclassical Theory of Economic Growth: Evidence from Chinese Provinces
There has been renewed empirical work recently on testing the neoclassical model of economic growth using data on various groups of countries. But none of the cross-country regressions includes China, the larg...
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Industrialisation and the Sustainability of China’s Agriculture*
The paper argues that the sustainable development of Chinese agriculture is constrained by the continuing adverse effects of the policy of industrialisation. This has resulted principally in an excessive loss ...
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China: A Giant with an Achilles Heel?
Since the financial turmoil broke in Thailand in July 1997, triggering a financial crisis across South East Asia, China, the only major country isolated from the financial crisis in East Asia, has remained the...
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Markets, Human Capital and Inequality: Evidence from Rural China
Beginning in the 1980s, almost all of the socialist countries replaced their planned economies with economic systems that relied heavily on market forces to determine the production and allocation of goods and...
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The Puzzle of Firm Performance in China: An Institutional Explanation
China has achieved phenomenal economic growth in an institutional environment that defies conventional economic rationales. Researchers offer different theories to explain this puzzle. But so far, due to the l...
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Book
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Chapter
Introduction
An intriguing subject in the field of economics and related social sciences is how to interpret ‘state-led’ economic development, a phenomenon that has been persistent throughout modern history and remains sig...
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The Paradox of Catching Up
The postwar experiences of the Soviet Union, the East Asian high-performing economies and China in the past century supported the historical observation that latecomers in economic development could succeed in...
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Analysis of the Characteristics of Regional Development of the Society and Economy in China
China is a large country with a vast territory. Its land area totals 9.6 million square kilometres, and by 2001 its population stood at 1.28 billion. For a combination of historical and present-day reasons, th...
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A Revisit to the Soviet System
A focused discussion on the Soviet system is not only relevant but also instructive in understanding the nature of state-led economic development in general, as the Soviet socialist system can be viewed as an ...
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China’s Transition to a Market Economy
If the state’s role in the East Asian miracle could hardly be brushed aside, it would be almost impossible to fit the Chinese economic success into the free-market model. As a former centrally planned economy,...
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Markets and Costs of Using Markets
There was a fundamental shift in intellectual thinking from the embrace of state planning to the belief in free markets during the second half of the twentieth century. When the world came out of World War II,...
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The East Asian Miracle
The East Asian success in economic catch-up has been long acknowledged, and was described as the East Asian Miracle in the well-known World Bank study in 1993. The World Bank report covered eight high-performi...
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The Urban-Rural Income Gap and Income Inequality in China
Studies of China’s inequality almost universally report that the gap between urban and rural household incomes in China is large, has increased over time, and contributes substantially to overall inequality. A...
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Income, Income Inequality and Health: Evidence from China
China has recorded impressive growth over the past 25 years since the introduction of the market economy, and there has been a substantial increase in average living standards. However, in recent years there h...
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Regional Competition, Fiscal Federalism, and Economic Structure: Evidence from China
Fiscal decentralization is an important element that fostered the success of China’s reforms towards a market economy. If economics is all about incentives, then understanding how fiscal reforms provided incen...
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Article
Determinants of turnover intentions among Chinese off farm migrants
This study examines the determinants of turnover intentions of off farm migrant workers, using data collected from China’s Jiangsu Province. Turnover intention is posited to be a function of demographic/human ...
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Article
The size of the SOE sector and macroeconomic performance: an empirical study based on Chinese provincial data
Using a neoclassical growth model augmented with human capital, we investigate the impact of the presence of state owned enterprises (SOEs) on macroeconomic performance in China, using provincial data from 199...
