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ISBN 10:1135228000
ISBN 13:9781135228002
Author: Zhongmin Wu
China’s economy continues to grow at a great rate, with important consequences for China’s society and environment, as well as for the wider world economy. Reforms are being undertaken in many areas within China, both to encourage continued economic growth and also to mitigate the adverse effects of growth on society and the environment. This book, based on extensive original research by a wide range of leading experts, examines many key issues connected to China’s economic growth and its impact. Subjects covered amongst many others include: growth and inequality; labour market reforms; technological innovations and their impact; employment, unemployment and training; and the search for economic development that is ecologically sustainable.
Table of Contents:
- Part I Three decades of economic growth
- 1 China’s structural changes and transition process
- Introduction
- The model’s specification and database
- Integrating China in a model of the world economy
- Data issues
- The structural breaks: estimation methodology and empirical results
- Methodology
- A summary of the structural break test statistics
- Aggregate supply
- Aggregate demand
- Revenues
- Population and employment
- Wages and prices
- The model’s performance and properties
- The model’s tracking performance
- Some standard simulation experiments
- Increase in government consumption
- Increase in foreign direct investment
- CNY revaluation
- Conclusions
- Acknowledgements
- Notes
- References
- Appendix: The model long-run equations
- 2 Do sentiment indicators help to assess and predict actual developments in the Chinese economy?
- Introduction
- Literature review
- Data
- Methodology
- Empirical results
- Forecasts with individual indicators
- Forecasts with principal components
- Conclusion
- Notes
- References
- Appendix Appendix: Augmented Dickey–Fuller tests on final series used in estimation
- 3 Supporting China’s GDP with ecologically efficient ultra high-speed freight transport systems
- Introduction
- Economic pressures
- Infrastructure growth
- Structure of the remainder of the chapter
- Three strategic deployments of Maglev
- Maglev vehicle systems
- Additional Maglev capabilities
- Comparative costs of rail systems
- Discussion
- Issues affecting Maglev take-up
- Other positive aspects of Maglev
- The three strategies revisited
- China installs Maglev for its internal logistics needs
- The Eurasian Landbridge be converted to Maglev
- Integrate Maglev in the Bering Straits project
- Funding for the Maglev projects
- Conclusions
- References
- 4 Dynamic evolution of regional growth disparity in China Evidence from 1978 to 2005
- Introduction
- Stylized facts of dynamic disparity patterns
- The model
- Provincial empirics of growth disparity patterns
- Conditional convergence: regional evidence
- Variables and data
- Factors determining provincial steady-state growth
- Conclusion
- References
- Appendix: Location of mainland provinces
- 5 Growth, inequality and poverty in China
- Introduction
- Socio-economic conditions in China
- Evaluation of development policies
- Explaining growth, distribution and poverty eradication
- Findings
- Conclusion
- References
- Part II Labour market reform
- 6 The impact of technology adoption on employment Exploration from the perspective of the manufacturing industry in transitional China
- Introduction
- The underlying mechanism of technology’s impact on employment
- Change of employment quantity
- Change of skill structure
- Change of management structure and firm organization
- Industry aggregate analysis
- Theory foundation
- Data and econometric models
- Interpretation of econometric results and discussion
- The impact of technical change on industry employment
- The impact of different technology on employment
- Impact of technical change on employee skill structure
- Comparison of the relationship between technical change and employment in different types of firm
- Summary
- Acknowledgements
- Notes
- References
- 7 Evaluating job training in two Chinese cities
- Introduction
- The institutional and labour market context of training2
- Methodology
- Data
- Results
- Conclusion
- Acknowledgements
- Notes
- References
- Appendix Appendix: Sample means for training: participant and comparison groups
- 8 Job search with non-participation
- Introduction
- The model
- The basic set-up
- Search equilibrium of the labour market
- Firms’ searching problem
- Workers’ searching problem
- Labour market flows
- A numerical exercise
- Simulation exercise
- Conclusion
- Notes
- References
- Appendix
- Proof of lemma 1
- Proof of lemma 3
- 9 Youth unemployment in urban China
- Introduction
- Stylized facts on youth unemployment in China
- Methodology and empirical findings
- Conclusion
- References
- Part III Sustainable development and policy
- 10 Openness and productivity in China
- Introduction
- Literature review
- Data and methodology
- Empirical results
- Conclusions
- Acknowledgements
- Notes
- References
- 11 Private sector development in Anhui Province The impact of regional spillovers from Jiangsu Province
- Introduction
- Literature review
- Research methodology
- Results
- Resource flows from coast to interior
- Government policies at the county level
- Industrial park policy
- Relocation policy of coastal enterprises
- Financial policy
- Migration policy
- Discussion
- Conclusion and further research
- Notes
- References
- 12 Does public ownership really help? China’s TVE development and the change of ownership structure
- Introduction and overview of the literature
- Theoretical rationale and the hypotheses5
- Empirical evidence
- The data and the construction of the market perfection index
- The basic year model
- Year block models
- The structural equation system
- Concluding remarks
- Acknowledgements
- Notes
- References
- 13 Developing corporate social responsibility in China The impact of government regulations, market orientation and ownership structure
- Introduction
- The determinants of CSR
- Government regulations
- Ownership structure
- Market orientation
- Research methodology
- Operation and measurement
- Data collection
- Analysis and results
- Discussion
- Conclusions
- Limitations of this research and directions for future research
- References
- Appendix
- 14 Technological entrepreneurship Regional variations and impacts of entrepreneurship policy
- Introduction
- Technological entrepreneurship and entrepreneurial policy: an analytical framework
- Technological entrepreneurship
- Entrepreneurial policy
- Relationship model of technological entrepreneurship and entrepreneurship policy
- Research methods
- Indicators of technological entrepreneurship
- Indicators of entrepreneurship policy
- Data
- Results
- Factor analysis
- Cluster analysis
- Regression
- Conclusions and discussion
- References
- 15 Efficient and equitable compensation for agricultural land conversion Theory and an application for China
- Introduction
- Literature review
- Purpose and structure
- Agricultural land value development mechanism during the land-taking process
- Some basic assumptions
- Process of agricultural land conversion to commercial development
- The change of agricultural land value during the taking process
- Deriving a land-taking price under equal bargaining power
- Significant practical and policy implications
- A case for China: the application of the preceding compensation theory
- Land value distribution during land expropriation and land development in China
- An example for China: approximating optimal compensation
- Concluding remarks
- Acknowledgements
- Notes
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Zhongmin Wu,China,World Economy