China's remarkable economic growth [electronic resource] / John Knight and Sai Ding

Author: Knight, John B.
Published: Oxford : Oxford University Press, 2012.
Physical Description: 1 online resource (xvii, 336 pages) : illustrations
Additional Creators: Ding, Sai

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Oxford scholarship online: ezaccess.libraries.psu.edu

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Contents

Machine generated contents note: pt. I Introduction / John Knight -- 1.Setting the Stage -- 1.1.The Issues -- 1.2.China's Economic History -- 1.3.The Data -- 1.4.The Methodology -- 1.5.Outline of the Book -- 2.Approaches to Understanding Economic Growth -- 2.1.Models of Economic Growth -- 2.2.Empirical Approaches to Economic Growth -- 2.3.Economic Growth and Economic Development -- 2.4.Economic Growth and Inequality -- 2.5.Looking Ahead -- 3.The Evolution of Institutions and Policies -- 3.1.Introduction -- 3.2.Central Planning -- 3.3.Rural Reform -- 3.4.Urban Reform -- 3.5.Economy-Wide Reform -- 3.6.The Political Economy of Economic Reform -- 3.7.Conclusion -- pt. II The Determinants of China's Economic Growth / John Knight -- 4.China in a Cross-Country Growth Perspective -- 4.1.Introduction -- 4.2.Background to China's Growth -- 4.3.Augmenting the Solow Model -- 4.4.Data and Sample -- 4.5.Empirical Methodology -- 4.6.Empirical Results -- 4.7.Explaining China's Relative Performance -- 4.8.Conclusion -- Appendix 4.1 -- Appendix 4.2 -- 5.The Basic Cross-Province Growth Equation -- 5.1.Introduction -- 5.2.Methodology -- 5.3.The Data -- 5.4.Model-Selection Results -- 5.5.The Baseline Model -- 5.6.Conclusion -- Appendix 5.1 -- 6.The Role of Physical and Human Capital Formation -- 6.1.Introduction -- 6.2.Physical Capital Accumulation -- 6.3.Human Capital Accumulation -- 6.4.Illustrative Counterfactual Predictions -- 6.5.How was Rapid Capital Accumulation Possible? -- 6.6.Conclusion -- Appendix 6.1 -- 7.The Role of Structural Change: Trade, Ownership, Industry -- 7.1.Introduction -- 7.2.Increasing Openness -- 7.3.Institutional Change -- 7.4.Sectoral Change and Industrialization -- 7.5.Conclusion -- Appendix 7.1 -- 8.Why Does China Invest so Much? -- 8.1.Introduction -- 8.2.The Demand for Investment -- 8.3.The Supply of Investment: Resources -- 8.4.The Supply of Investment: Funds -- 8.5.The Efficiency of Investment: Static -- 8.6.The Efficiency of Investment: Dynamic -- 8.7.Conclusion -- pt. III The Consequences of China's Economic Growth / John Knight -- 9.Economic Growth and the Labour Market -- 9.1.Introduction -- 9.2.The Lewis Model -- 9.3.Trends in the Chinese Labour Market -- 9.4.Literature Survey -- 9.5.The Data -- 9.6.Migrant Wage Behaviour -- 9.7.The Pool of Potential Migrants -- 9.8.Projections into the Future -- 9.9.Conclusion -- 10.Economic Growth and Inequality -- 10.1.Introduction -- 10.2.The Rise in Inequality -- 10.3.Inequality of Wealth -- 10.4.The Rise in Inequality and the Relation to Poverty -- 10.5.The Components of Rising Inequality: Urban Income -- 10.6.The Components of Rising Inequality: Rural Income -- 10.7.The Components of Rising Inequality: Spatial Income -- 10.8.Rising Inequality: the Policy Issues -- 10.9.Conclusion -- 11.Economic Growth and Happiness -- 11.1.Introduction -- 11.2.Background on Subjective Well-Being -- 11.3.Survey, Data, and Method -- 11.4.Rural Happiness -- 11.5.Urban Happiness -- 11.6.A Rural-Urban Comparison -- 11.7.Migrant Happiness -- 11.8.Aspiration Income and Happiness -- 11.9.Conclusion -- pt. IV Conclusion / John Knight -- 12.Economic Growth in China: Prospect -- 12.1.Introduction -- 12.2.The Maturing Economy -- 12.3.Macroeconomic Imbalances -- 12.4.Political Shocks -- 12.5.Conclusion -- 13.Economic Growth in China: Retrospect -- 13.1.Introduction -- 13.2.The Causes of China's Growth -- 13.3.The Consequences of China's Growth -- 13.4.Lessons for Growth Research -- 13.5.Lessons for China -- 13.6.Lessons for Other Developing Countries.

Summary

China's economy has been growing at 10% 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?

Subject(s)

ISBN

9780191739118 (ebook)

Bibliography Note

Includes bibliographical references and index.

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