This paper argues that the regional income gap of China is endogenously determined by its long-term economic … comparative advantages. Since the founding of the People’s Republic of China, the government has pushed a CAD strategy, i …

Myrdal did not cover China in his Asian Drama. If he did, he would have been most likely pessimistic about China, as he … was about other Asian countries in his book. However, China has achieved miraculous growth since the transition from a … planned economy to a market economy at the end of 1978. This paper provides answers to the questions: Why was China trapped in …

leveraged the latecomer advantage, including emerging market economies such as the People's Republic of China (PRC), India, and …

Myrdal did not cover China in his Asian Drama. If he did, he would have been most likely pessimistic about China, as he … was about other Asian countries in his book. However, China has achieved miraculous growth since the transition from a … planned economy to a market economy at the end of 1978. This paper provides answers to the questions: Why was China trapped in …

sustained growth in the People's Republic of China (PRC) in the long run. We argue that the PRC has the potential to sustain …

agricultural rationing, we first check if the model stands up to China's data from 1949-1992, we find that the importance of … consumption is also less than that of investment. Such findings are consistent with the reality of China. …

as Japan, newly industrialized economies (NIEs) in East Asia, and recently the People's Republic of China (PRC) and Viet …

Deflationary expansion has puzzled economists both in and outside China. We study this business cycles phenomenon … variables. The high steady state of growth could be explained by the current institutional environment of China. …