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 …

As China transforms from a socialist planned economy to a market-oriented economy, its returns to education are … for education: the China Compulsory Education Law of 1986. We use differences among provinces in the dates of effective … implementation of the compulsory education law to show that the law raised overall educational attainment in China by about 0.8 years …

. This evidence suggests that intangible capital formation may play an important role in China's reform-driven transformation … no general assessment of its role in China's rapid economic growth. This paper seeks to fill this gap by estimating how … China's recent growth is then assessed using a growth accounting framework, and the results compared to similar findings for …

added production function of the State Owned (SOE) and Foreign-Funded Enterprises (FFE) in China, 1980s-2007. The transition … associated with the economic reforms in China is estimated applying a curvilinear logistic function, where the speed and the …

China's gradualistic approach allowed the government to learn how the economy reacts to small policy changes, and to …