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19 Oct 2012
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£25.99
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9781137034281
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DescriptionContentsAuthors

China has enjoyed a higher growth rate for a longer period than any other nation to date, but a new consensus is emerging that China is now facing a crucial turning point. This volume is unprecedented in bringing together leading economists from China and the rest of the world to analyse the sources of economic growth, examine its changing conditions for future development, and suggest desirable policy and institutional reforms. Chapters address a wide range of issues, covering not only macro and micro economic mechanisms, but also various aspects of human resource development, environmental protection, and political impact on the economy. The contributors include F. Allen, C.Bai, D. Bloom, F. Cai, R. Freeman, D. Jorgenson, J. Lou, D. H. Perkins, C. Xu, among others.


Description

China has enjoyed a higher growth rate for a longer period than any other nation to date, but a new consensus is emerging that China is now facing a crucial turning point. This volume is unprecedented in bringing together leading economists from China and the rest of the world to analyse the sources of economic growth, examine its changing conditions for future development, and suggest desirable policy and institutional reforms. Chapters address a wide range of issues, covering not only macro and micro economic mechanisms, but also various aspects of human resource development, environmental protection, and political impact on the economy. The contributors include F. Allen, C.Bai, D. Bloom, F. Cai, R. Freeman, D. Jorgenson, J. Lou, D. H. Perkins, C. Xu, among others.


Contents

Introduction
PART I: FITOUSSI LECTURE
Economics and China's Economic Rise; J.Wu
PART II: PERSPECTIVES OF THE CHINESE ECONOMY
China's Investment and GDP Growth Boom: When and How will it End? D.Perkins
Six Systemic Reforms with which China must press ahead; J.Lou
When Demographic Dividend Disappears: Growth Sustainability of China; F.Cai & W.Zhao
PART III: LABOR MARKET, SOCIAL INSURANCE AND DEMOGRAPHIC CHANGE
Adjusting to Really Big Changes: The Labour Market in China, 1989-2009; W.Chi, R.Freeman & H.Li
Social Insurance and Household Consumption in China; C.Bai & B.Wu
Population Aging and Economic Growth in China; J.Banister, D.Bloom & L.Rosenberg
Health, Education and China's Demographic Transition Since 1950; K.Eggleston
PART IV: BANKING AND CORPORATE GOVERNANCE
The Initial Public Offering of the Industrial and Commercial Bank of China (ICBC); F.Allen, D.Huang, J.Qian & M.Zhao
PART V: ENVIRONMENTAL POLICY
An Integrated Assessment of the Economic Costs and Environmental Benefits of Pollution and Carbon Control; J.Cao, M.Ho & D.Jorgenson
PART VI: INSTITUTIONS IN CHINA'S DEVELOPMENT
Institutional Foundations of China's Structural Problems; C.Xu
Political Competition at a Multilayer Hierarchy: Evidence from China; C.Liu, X.Li, X.Weng & L.Zhou


Authors

MASAHIKO AOKI Stanford University, USA.
JINGLIAN WU, China Development Center of the State Council, China