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Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist … introduces the chapters comprising the NBER volume Capitalizing China (Fan and Morck, eds. 2012), which examine China's high … consider policy alternatives the CCP might consider if its goal is China's elevation into the ranks of high income countries …
Persistent link: https://www.econbiz.de/10013117212
This paper is the first chapter in the Oxford Companion to the Economics of China (Oxford University Press, forthcoming …). Rather than trying to summarize other contributors' views, we provide our own perspectives on the Economics of China …--the past experience and the future prospects. Our reading of China's economic development over the past 35 years raises two …
Persistent link: https://www.econbiz.de/10013072868
products, aggravating environmental damage. China's rapidly growing trade and serious environmental degradation appear to be no … exception. However, much of China's trade growth is attributable to the international fragmentation of production. This kind of … trade could be cleaner, if fragmented production occurs in cleaner goods, or if China specializes in cleaner stages of …
Persistent link: https://www.econbiz.de/10012772376
patrilocality and concern for women's "purity" help explain the male-skewed sex ratio in India and China and low female employment …
Persistent link: https://www.econbiz.de/10013048998
We explore the role of government in the nexus of finance and trade starting from the earliest days of organised finance in England and then broadening the analysis to 84 countries from 1960 to 2004. For 18th century England, we find that the government expenditures and international trade did...
Persistent link: https://www.econbiz.de/10013137020
The recent literature on endogenous economic growth allows for effects of fiscal policy on long-term growth. If the social rate of return on investment exceeds the private return, then tax policies that encourage investment can raise the growth rate and levels of utility. An excess of the social...
Persistent link: https://www.econbiz.de/10013213083
This paper documents industrial output and labor productivity growth around the poor periphery 1870-1975 (Latin America, the European periphery, the Middle East, South Asia, Southeast Asia and East Asia). Intensive and extensive industrial growth accelerated there over this critical century. The...
Persistent link: https://www.econbiz.de/10013129186
What explains the success of Mauritius, a top performer among African countries? It has mostly followed growth-enhancing policies, which can in turn be attributed to sound institutions. But from where did the institutions come? Mauritius chose well around the time of independence in 1968, for...
Persistent link: https://www.econbiz.de/10013135244
One of the pervasive issues in social and environmental research has been to improve the quality of socioeconomic data in developing countries. Because of the shortcoming of standard data sources, the present study examines luminosity (measures of nighttime lights) as a proxy for standard...
Persistent link: https://www.econbiz.de/10013138765
Women's rights and economic development are highly correlated. Today, the discrepancy between the legal rights of women and men is much larger in developing compared to developed countries. Historically, even in countries that are now rich women had few rights before economic development took...
Persistent link: https://www.econbiz.de/10013117390