By Yanqing Jiang
Trade and international direct funding (FDI) play a very important function in shaping China’s improvement options. the improvement of China’s financial system creates powerful pressures for non-stop restructuring. China hence explores how exchange and FDI have an effect on China’s improvement ideas in regards to the approach and trend of restructuring. The ebook goals to supply the reader with findings that shed new gentle at the comparable matters and difficulties. the 1st bankruptcy introduces the subjects, and next chapters input into theoretical dialogue and empirical research of exchange, FDI, and improvement options, by means of a concluding ultimate chapter.
- based on a rigorous theoretical framework
- applies quite a few statistical and econometric methods
- uses wealthy and accomplished facts
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Extra resources for China : Trade, Foreign Direct Investment, and Development Strategies
1999) ‘Urban-biased policies and rising income inequality in China,’ American Economic Review Papers and Proceedings, 89(2), 306–10. Yao, S. (1997) ‘Industrialization and spatial income inequality in rural China, 1986– 92,’ Economics of Transition, 5(1), 97–112. Yin, Heng (2011) ‘Characteristics of inter-regional income disparities in China,’ Social Sciences in China, 32(3), 123–44. Young, A. (2003) ‘Gold into base metals: productivity growth in the People’s Republic of China during the reform period,’ Journal of Political Economy, 111(6), 1220– 61.
2. This assumption can be thought of as combining two assumptions. The ﬁrst is that the economy is so big that the gains from specialization have been exhausted. The second is that inputs other than physical capital, human capital–augmented labor, and technology are relatively unimportant (Romer, 2006). 3. See, for example, McMillan et al. (1989), Fan (1991), Lin (1992), and Fan and Zhang (2002). 4. See, for example, Borensztein and Ostry (1996) and Hu and Khan (1997). 24 Regional growth and its breakdown 5.
G;n ¼ Mg;n = k¼1 Mg;k . Likewise, for the change of between-zone inequality over time, we have the following decomposition dI B ðyÞ ð3:12Þ ¼ BA þ BK þ BH þ BM þ B! g s gg;n Þ H g;n _ g;n H Hg;n g¼1 n¼1 BH ¼ Ng G X X g¼1 n¼1 BM ¼ À Ng G X X g¼1 n¼1 B! g;n ! g;n ! g ! where y"g ¼ n¼1 ! gg;n yg;n . Note that s gg;n and ! gg;n are deﬁned with respect to a zone. g Þ is the difference between the income share and the population share of the gth region. Empirical evidence In order to make our empirical analysis manageable, we need to specify a functional form for the regional production function in Eq.
China : Trade, Foreign Direct Investment, and Development Strategies by Yanqing Jiang