China＇s ApprOach to Rebalancing： A Conceptual and Policy Framework

This article seeks to develop a conceptual and policy framework for understanding China’s role in the global economic imbalances.China’s contribution to these imbalances via recurrent trade and financial surpluses corresponds with a phase of deepening structural risks to China s economic growth and development.These structural challenges include:the composition of growth resulting from China’s dynamic internal transformation,China’s trade orientation,the trajectory of resource use and Commissions,welfare problems relating to distribution and international constraints.This article develops a conceptual framework for examining the relationship between the processes of long-run structural transformation in China,its economic imbalances,and the role of institutional reform in dealing with these structural challenges.As such,economic policy should extend beyond short-term macro management to pursue an institutional reform agenda to facilitate broader structural change to mitigate constraints to future growth and to improve economic welfare.     

Long-Term Development Trend of China’s Economy and Importance of the Circular Economy

In 2003, China’seconomy grew at a rateof over 9 percent with per capita GDP hittingUS$ 1,090 for the first time, which means that China’s economy and socialdevelopment have entered a high-growth cycle characterized by rapid structuralchanges. However, this round of high growth is based on resources and an ecologicalenvironment completely different from those of twenty five years ago. Based on ananalysis of the new features of future economic development in China, as well as theresource an…     

Declining Labor Share： Is China＇s Case Different？

This paper explores why labor share in China has declined since the middle of the 1990s. Existing literature usually ascribes the labor share decline in developed countries to biased technological progress. However, our investigation shows that China ＂s case is different. Using a simultaneous equation model estimated with three-stage least squares, we find that FD1, levels of economic development and privatization have negative effects on the labor share. The negative influence of FDl on labor share results from regional competition for FD1, which weakens labor forces＂ bargaining power. A U-shaped relationship exists between labor share and the level of economic development, and China is now on the declining part of the curve. The negative effects of privatization on the labor share stem from the elimination of the so-called ＂wage costs eroding profit ＂ situation and the positive supply shock on the labor market.     

Rebalancing China＇s Economic Growth： Some Insights from Japan＇s Experience

One of the greatest challenges China faces is reshaping its heavily investment-driven mode of economic growth.By investigating how the rebalancing of Japan’s economic growth mode was realized in the 1970s,we indicate that it is essential in rebalancing to correct the distortions in factor cost(labor cost and capital cost) in a harmonious way.In addition,we refer to Japan’s experience to indicate that rebalancing of domestic growth does not necessarily lead to external rebalancing.     

A Study of Sustainable Development of China＇s State-Level Economic and Technological Development Zones

State-level economic and technological development zones (ETDZs) are products of China‘s reform and opening-up policies and a new engine of growth for the Chinese economy. They have made tremendous contributions to the development of the Chinese economy. However,some problems have emerged in the course of this progress and new challenges are still lying ahead. Sustainable development is possible only when the strategy and objectives of development are adjusted, when the integrated investment environment is optimized, when industries are upgraded, when technical innovations are made, when independent innovation capabilities are lifted, when the mode of economic growth is changed, and when innovations are made in government management.     

Regional Economic Growth and Spillover Effects： An Analysis of China＇s Pan Pearl River Delta Area

The Pan Pearl River Delta(PPRD) Regional Co-operation Framework Agreement was signed in 2004.It aims to bring prosperity through partnership among nine Chinese Mainland provinces and China ’s two special administrative regions.In this paper,we use a dynamic panel data model to examine the economic growth of the PPRD economies from 1985 to 2009.Our analysis confirms the existence of regional growth spillover effects in the PPRD area.Our results also show that economic growth spillover effects of non-PPRD regions on the PPRD regions are greater than those among the PPRD members themselves.These findings imply that economic integration between Chinese provinces has generated considerable spillover effects on regional growth.However, the anticipated benefits of the implementation of the PPRD agreement have not been realized thus far.Therefore,greater effort should be made to promote further economic integration among these members so that their local economies can benefit from the positive spillover effects.     

China＇s State Security in a Time of Peaceful Development： A New Issue on Research Agenda

This paper holds that China's national security during its peaceful rise is a new issue on the research agenda, which requires new counter‐measures and collective wisdom. The paper discusses five of China's objectives in addressing national security; namely, from highest to lowest priority, friction among big powers, the Taiwan issue, disputes over sovereignty, protection of interests overseas, and undertaking international responsibilities. Systematically achieving these objectives is of major importance for building up national defence and China's international image. China's state security in the current period of peaceful development is a new issue on the research agendum, for politicians, the military, scholars and researchers alike. Extensive and in‐depth discussion is needed. Global security commitments made by a big power might conflict with its own security interests and objectives. Judging by any standard, China's tasks are heavy and the road ahead is long. (Edited by Xinyu Fan)     

China＇s Construction Land Expansion and Economic Growth： A Capital-output Ratio Based Analysis

Since 2003, the Chinese Government has included land policy as an important component of macroeconomic policy. The present paper analyzes the impact of the expansion of construction land on economic growth in terms of the capital-output ratio. Using provincial panel data for China from 1999to 2005, we conclude that the excess expansion of China＇s construction land led to an increase in the capital-output ratio. Therefore, expanding construction land has made little contribution to economic growth. This paper argues that contractionary land policy does not deter high economic growth, and is a necessary condition for sustainable economic growth.     

Analysis on Development Strategy of China＇s Commercial Street： A Case Study of Hangzhou City

China is arranging a boom of commercial street development across the country and Hangzhou works as an outstanding example. Commercial street economy is boosting China＇s urbanization and industry prosperity. Concerning on the rapid and sound development of commercial street in China, this paper introduces many problems and conflicts that block domestic commercial street development. With the guidances of China Commercial Walking Street Committee and Hangzhou Bureau of Economy and Trade, data analysis by Hangzhou Municipal Bureau of Statistics, and case study of commercial streets in Hangzhou, the paper states that commercial street development beyond China＇s socialism economic system should follow the guidance of scientific outlook on development, insist on government-led and market-driven, design first and service-oriented, and highlight core feature and comprehensive facility. Also, it is essential to unify and ensure legal status of management committee, and streamline organizational structure, balance between interest groups, weaken conflicts of public and private, and promote industry association development and privately-operated public affairs to ensure sustainable development of commercial street, which will truly benefit domestic urbanization as well as improve people＇s material and cultural life. For the other developing countries in the urgent progress of industrialization and urbanization, the paper is expected to be guidelines.     

China＇s Economy in 2005： At a New Turning Point and Need to Fix Its Development Problems

I. High Growth, Higher Stakes China’s economy in 2005 experienced another year of surging growth, with its total GDP(based on recent revision) expanding at 9.9 percent to reach 18.23 tn yuan (US$2.26 tn).1 Growth in 2005 was slightly lower than the 10.1 percent in 2004; but it was nonetheless very high. Sustained high growth is accompanied by potential high risks, and it inevitably raises the issue of future sustainability of high growth. Although the Chinese economic policy-makers in 200…     

云南省科研资本与经济增长质量之间协调性的分析

自改革开放以来,科研资本在我国经济增长质量提升过程中发挥了非常重要的作用。在经济“新常态”的重要时期,云南省更应该高度重视科研资本的配置效率,充分发挥其在经济转型升级过程中的重要支撑作用。建立科研资本和经济增长质量指标体系,借鉴协调度测度模型,以云南省2009年—2015年的数据进行分析,研究发现：云南省科研资本与经济增长质量之间的协调发展度不高;造成两者之间协调发展度不高的重要原因是区域当前的产业资本配置结构严重滞后于科研资本的配置结构。云南省应该优化产业资本与科研资本的配置结构,寻求两者之间共同发展的新的契合点,力争在全国经济结构转型过程中取得显著性成果。     

中国经济转型时期经济增长与就业增长的探析

从1978年的改革开放开始,中国进入新一轮经济转型。新一轮经济转型首先从经济体制改革出发,逐步实现了从计划到市场的转变,当然其中还包括经济结构的调整等一系列经济与社会的变革。本文揭示了经济转型时期高增长、低就业的客观现实,分析了这一现象产生的原因,并提出了解决高增长、低就业的一些政策建议。     

江苏经济增长因素分析及政策建议

全要素生产率方法是研究经济增长质量的重要方法。文章对江苏20年来的经济增长因素进行了实证研究,将促进江苏经济发展的全要素生产率因素分解为：产业结构的调整、所有制的变迁以及金融深化,并根据柯布—道格拉斯生产函数建立计量分析模型。回归结果表明：传统要素投入的增长已经不再是江苏经济增长的主要驱动力,取而代之的是产业结构的不断调整以及非公有制经济的迅速崛起,而金融深化对现阶段的经济增长并未产生重要影响。文章最后提出了相关的政策建议。     

中国西部地区经济增长源泉——基于人力资本与能源消费的双重约束

文章以中国经济发展相对落后的西部地区为研究对象,运用DEA方法将考虑人力资本与能源消费的经济增长分解为人力资本、复合物质资本、效率改善和技术进步四部分,探寻其经济增长的源泉,并对西部大开发前后进行了比较研究。发现以人力资本、物质资本和能源消费为代表的要素投入和以技术进步、效率提高为代表的全要素生产率对经济增长的推动作用几乎相等;但在西部大开发以后,以技术进步、效率提高为代表的全要素生产率对经济增长的推动作用呈现逐年上升的良好趋势。采用绝对收敛方程考察了中国西部地区经济增长与四类因素的收敛效应,发现中国西部地区出现了显著地经济收敛,而这种结果是技术效率、技术进步和物质资本积累的共同结果。采用Tobit模型深入分析了能源投入和人力资本对经济增长约束的传导机制,结果表明,中国西部地区经济增长可持续发展的重要源泉和动力在于转变经济增长方式。     

21世纪中国经济增长问题的若干思考与建议

一定的经济增长方式直接影响着经济增长的质量、速度及效益,不同的经济增长方式会产生截然不同的经济效果。我国粗放型经济增长方式至今并未实现彻底性转变,高投入、高能耗、低效益的粗放特征仍然十分明显。粗放型经济增长方式不仅降低经济效益,而且危害生态环境,引发资源高耗、能源紧缺、环境污染、生态破坏等一系列问题,这说明我国粗放型经济增长方式已经走到了尽头,转变经济增长方式迫在眉睫。     

区域可持续发展中经济与环境动态模型研究

随着我国社会经济快速发展,环境问题已成为政府和学术界关心的热点问题。目前,我国正处在工业化发展关键时期,现实告诉我们不能再走"先污染,后治理"的老路,而应在环境中求发展,实现经济可持续增长。因此,本文建立了经济增长与环境质量模型,并提出相应建议对策,以期促进经济和环境和谐发展。     

The empirics of growth

Summary This study explores the long-run dynamics of economic growth, with particular reference to The Netherlands. The time span covered extends backwards to the mid-nineteenth century, using new time series on disaggregated physical and human capital stocks for the period 1850-1913. Economic growth in the nineteenth century is shown to have had a strong physical capital-using bias, initially concentrated in buildings and infrastructure. The close relationship between investment in machinery and economic growth did not begin to take shape until the end of the nineteenth century, to increase in strength in the course of the twentieth century.An earlier version of this article was published as a research memorandum of the Groningen Growth and Development Centre (GD 12), University of Groningen, October 1994. This article is based on research sponsored by the Faculty of Economics of the University of Groningen, and by the Foundation of Economic, Social, and Spatial Sciences (ESR), which is part of The Netherlands Organization for Scientific Research (NWO). For helpful comments, we thank Jan Jacobs, Professor W.H. Buiter, Bart van Ark, Rainer Fremdling, participants of the Economic History colloquium at the University of Groningen and of the European Historical Economics Society's Summer School 1994 (Florence), especially Professor Alan Taylor (Northwestern University), participants of the Quantitative Economic History Conference 1995 (Cambridge U.K.), and two anonymous referees. Of course, the usual disclaimer holds.     

基于卢卡斯人力资本外部性内生经济增长模型对广东省人力资本贡献的实证分析

利用广东省1978-2009年相关数据,使用卢卡斯人力资本外部性内生经济增长模型,考察了改革开放以来主要影响广东省经济发展的物质资本、人力资本等因素,分析了物质资本和人力资本对广东省经济增长的贡献,并通过对不同时期贡献率的分析,具体考察了广东省经济增长的模式,结合当前形势对广东省经济增长模式的转型提出了相应的政策建议。     

劳动者低工资状况与我国经济发展方式转变的关系研究——以大连经济技术开发区为调研基地

文章认为,目前劳动者低工资状况直接导致了我国经济发展方式转变的内生性驱动力难以有效形成。因为过低的薪酬直接制约着劳动者素质的提高及对企业的认同,无法形成有创新的驱动力。推进工资形成机制的理性变革,并在业已初见成效的对传统产业的产能控制和行业整合的背景下,显然是更深层次的问题。文章提出,在合理考量地方经济承受能力、企业承受能力的前提下,通过体制机制的改革和制度规则的完善,建立起劳动者工资水平随经济增长及其他有关因素变化而相应协调、合理、持续增长的制度化的运行方式,是我国经济发展方式转变的重要命题。     

The relationship between human capital and the economic growth in China

Human capital is one of the most important factors to promote economic growth. It is critical both on theory and practice to study how human capital investment and accumulation promote the economic growth in China. The thesis takes Lucas＇s Human Capital Spillover Model as the analysis tool. Through SPSS 14.0 software, it uses the serial data from 1992 to 2006 to analyze the human capital＇s correlation and contribution to the economic growth, so as to find out why the human capital contribution to economic growth is low. And then, in order to increase the human capital accumulation, it puts forward the relative strategies which include paying more attention to the importance of human capital, greatly developing education, improving the quality of human capital and investing more on the human capital of enterprises.