China's Economic Transformation

ISBN-10: 063123330X

ISBN-13: 9780631233305

Edition: 2002

Authors: Gregory C. Chow

List price: $38.95
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In the two decades after the 1978 start of economic reforms in China, economic growth has been phenomenal. This text is based on Gregory Chow's understanding of the interplay between China's institutions made possible by its history and culture.
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Book details

List price: $38.95
Copyright year: 2002
Publisher: John Wiley & Sons, Incorporated
Publication date: 3/6/2002
Binding: Paperback
Pages: 407
Size: 7.00" wide x 10.00" long x 1.25" tall
Weight: 1.584
Language: English

List of Figures and Tables
Introduction: The Transformation of China's Economy
Historical Background and General Survey
Economic Lessons from History
Significant Events in Major Historical Dynasties
The Republic of China, 1911-
Summary of Historical Lessons
Experiments with Planning and Economic Disruptions
The Communist Party Rises to Power
Historical Review: 1949-78
A Model of the Chinese Planned Economy
The Behavior of Economic Units in a Planned Economy
Output Planning in Theory and Practice
Organization and Administration of Economic Planning
Economic Reform up to the Mid-1990s
Why Economic Reform Started in 1978
Reform of State-owned Enterprises
Price Reform
The Banking System
Foreign Trade and Investment
The Nonstate Sectors
Institutional Infrastructure
Reform Policies Similar to Those of Taiwan
Reasons for the Success of China's Economic Reform
China's Geography
Further Reform: Problems and Prospects
Enterprise Reform
Banking Reform
Foreign Trade and Investment during the Asian Financial Crisis
The Impact of WTO Membership
Prospects for Reform
Analysis of the Macroeconomy
Economic Growth
The Neoclassical Model of Economic Growth
Data on Output, Capital, and Labor
A Review of Regression Analysis
Estimating Production Functions for China
Use of the Neoclassical Growth Model to Forecast GDP
How Large will the Chinese Economy be in 2020?
Economic Fluctuations
The Multiplier-Accelerator Model of Economic Fluctuations
Dynamic Properties of the Multiplier-Accelerator Model
An Econometric Method for Estimating Parameters of Linear Stochastic Equations
Estimating a Multiplier-Accelerator Model of the Chinese Economy
Econometric Models of the Chinese Economy
Macroeconomic Policies
Monetary Policy
Estimating a Dynamic Equation to Explain the Inflation Rate
Basic Facts about Government Revenue and Expenditure
Fiscal Policy
The Effects of Political Movements on the Macroeconomy
Specification of a Dynamic Optimization Model of the Chinese Economy
The Solution of the Dynamic Optimization Problem
Statistical Estimation
Measuring the Effects of Two Political Events
Topics in Economic Development
Trends in Per Capita Consumption
Household Expenditure Patterns
Rural Per Capita Consumption Expenditures in 1998 by Province
Consumption of Housing in Rural and Urban Areas
Forecasting Demand for Computers
Western Development and Environmental Policies
Inequality in Per Capita Consumption and East-west Disparity
Developing the Western Part of China
Environmental Policies
A Study of Industrial Pollution
The Role of Population and Human Capital in Economic Development
Chinese Population and its Rate of Growth
Population Policy
Evaluation of China's Population Policy
Economic Explanation of the Birth Rate
Human Capital
The Importance of Human Capital and its Measurement
Labor Supply and Demand
Investment in Human Capital
Measuring the Rates of Return to Schooling in China
Health Services
Analysis of Individual Sectors
The Banking and Financial System
Commercial Banks
The People's Bank
Factors Affecting the Functioning of the Banking System
Possible Weaknesses of the System
Possible Directions of Reform
The Financial Condition of Commercial Banks and the Bad-loan Problem
Other Financial Institutions
The Role of the Chinese Government in Reforming the Financial System
Shanghai Stock Price Determination
A Model of Stock Price Determination
Empirical Findings from the Shanghai Stock Exchange
Comparison with Findings for Hong Kong and New York Stocks
Concluding Comments
The Behavior of State Enterprises
Organization of a State Enterprise under Central Planning
Planning and Operations of a Large-scale State Enterprise
A Simple Model of a State Enterprise under Central Planning
A Simple Model of a State Enterprise after Initial Reform
State Enterprise Restructuring in the Late 1990s and its Effects on Enterprise Behavior
The Nonstate Sectors
Relative Growth of Nonstate Sectors
Private Enterprises Prior to 1949
Economic Conditions for the Growth of Township and Village Enterprises
Econometric Measurement of the Relative Efficiency of State Enterprises and TVEs
Characteristics of a Free-market Economy
Characteristics of the Chinese Market Economy
Foreign Trade
Some Statistics of China's Foreign Trade
Explanation of Trading Patterns under Free Trade
The Determination of Foreign-exchange Rates
China's Foreign Trade Policy
Chinese Foreign Trade Problems in the Early 1980s
Foreign Investment
The Role of Foreign Investment
Historical Developments
The State of Foreign Direct Investment (FDI) as of 1999
Policies for the Regulation of Foreign Investment
Opportunities and Problems for Foreign Investors
How Attractive is China for Foreign Investment?
The Impact of WTO Membership on Foreign Investment
A Proposal to Increase Foreign Investment from Taiwan
Studies of Economic Institutions and Infrastructure
Use or Misuse of Assets
Laws of Asset Management
Managing One's Own Person
Managing Physical Assets
Managing Collections of Assets under the Responsibility System
Concluding Comments
The Legal System and the Role of Government
The Legal System prior to 1949
The Legal System since 1949
The Role of the Legal System in a Market Economy
The Economic Role of Government
The Government's Decision Process
The Education System and Policy
The Education System prior to 1949
The Education System after 1949
Education Policy
Economics Education
Concluding Comments
Taking Stock and Looking Ahead
Taking Stock
Prospects for the Chinese Economy up to 2020
Conclusion: Lessons for the Study of Economic Transformation
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