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Author: Lawrence R Klein
Publisher: World Scientific
ISBN: 9814569909
Category :
Languages : en
Pages : 426
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Book Description
With the Taiwan experience as background, the major theme of this conference is to examine prospective economic development of Taiwan in the 1990s and beyond, together with discussions of the economic development of other countries in the Pacific Rim. Scholars from the United States like Lawrence R Klein (Pennsylvania), Gustav Ranis and John C H Fei (Yale), Lawrence J Lau (Stanford) and Hugh Patrick (Columbia); Chikashi Moriguchi, Mitsuo Saito, Shinichi Ichimura and Hisao Kanamori from Japan; and many others including Dr Samuel C Shieh, President of the Central Bank and Dr Shirley Kuo W Y, Chairperson of the Council for economy, contributed papers. Special guest speakers included President Lee Teng-Hui and Premier Hau Pei-Tsun.
Author: Lawrence R Klein
Publisher: World Scientific
ISBN: 9814569909
Category :
Languages : en
Pages : 426
Get Book Here
Book Description
With the Taiwan experience as background, the major theme of this conference is to examine prospective economic development of Taiwan in the 1990s and beyond, together with discussions of the economic development of other countries in the Pacific Rim. Scholars from the United States like Lawrence R Klein (Pennsylvania), Gustav Ranis and John C H Fei (Yale), Lawrence J Lau (Stanford) and Hugh Patrick (Columbia); Chikashi Moriguchi, Mitsuo Saito, Shinichi Ichimura and Hisao Kanamori from Japan; and many others including Dr Samuel C Shieh, President of the Central Bank and Dr Shirley Kuo W Y, Chairperson of the Council for economy, contributed papers. Special guest speakers included President Lee Teng-Hui and Premier Hau Pei-Tsun.
Author:
Publisher:
ISBN: 9789810216610
Category :
Languages : en
Pages : 0
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Book Description
Author: Jianhua Liu
Publisher: Springer
ISBN: 9811318859
Category : Business & Economics
Languages : en
Pages : 370
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Book Description
The book constructs the Synergy Theory, a new theory of economic growth and calculation methodology. The book involves empirical comparative study on economic growth between China and the 14 developed countries, and on the basis of the synergy theory, divides GDP into labor compensation, capital income, and synergistic benefits, further establishes the new empirical model including the major determined factors of economic growth, such as growth of physical capital stock, growth of investment in physical capital, improvement of science and technology, improvement of human capital quality, labor force growth, institutional innovation and economic externalies. Subsequently, it uses the method of Data Envelopment Analysis to calculate the contribution of institutional innovation to economic growth, and it also focuses on the analysis of the determining factors of economic growth. Based on the analysis above, the new theory has been tested and the countermeasures and suggestions involving China's innovation-driven economy have been proposed.
Author: Masahiko Aoki
Publisher: Clarendon Press
ISBN: 0191521884
Category : Political Science
Languages : en
Pages : 446
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Book Description
The role of government in East Asian economic development has been a continuous issue. Two competing views have shaped enquiries into the source of the rapid growth high-performing Asian economies and attempts to derive a general lesson for other developing economies: the market-friendly view, according to which government intervenes little in the market, and the developmental state view, in which it governs the market. What these views share in common is a conception of market and government as alternative mechanisms for resource allocation. They are distinct only in their judgement of the extent to which market failures have been, and ought to be, remedied by direct government intervention. This collection of essays suggests a breakthrough, third view: the market-enhancing view. Instead of viewing government and the market as mutually exclusive substitutes, it examines the capacity of government policy to facilitate or complement private sector co-ordination. The book starts from the premise that private sector institutions have important comparative advantages over government, in particular in their ability to process information available on site. At the same time, it recognizes that the capabilities of the private sector are more limited in developing economies. The market-enhancing view thus stresses the mechanisms whereby government policy is directed at improving the ability of the private sector to solve co-ordination problems and overcome other market imperfections. In presenting the market-enhancing view, the book recognizes the wide diversity of the roles of government across various East Asian economies-including Japan, Korea, Hong Kong, Malaysia, and China-and its path-dependant and developmental stage nature.
Author: F. Gerard Adams
Publisher: Bloomsbury Publishing USA
ISBN: 0313028419
Category : Business & Economics
Languages : en
Pages : 225
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Book Description
East Asia's rapid economic growth and the crisis of 1997 have caught the world's attention. As the Asian miracle has turned to meltdown, the critical question has become whether growth will resume. Based on research and conferences at ICSEAD in Kitakyushu, Japan, this book brings together the work of Asian economic development experts. It considers the forces behind the East Asian growth miracle, the process of growth, the effect of saving, and the effect of foreign direct investment and multinationals. Taking an optimistic view, the authors conclude that rapid growth may resume in East Asia once the crisis has been resolved. The authors argue that a growth process links East Asian countries to each other and to the industrial world, and that growth reflects a process that combines capital formation and technical and institutional change. The 1997 crisis grew out of excessively rapid boom and must be handled before growth will resume. But, the authors conclude, once the crisis has been resolved, the linked process of growth supported by appropriate policies, high levels of savings and investment, and foreign investment will allow growth to resume, although perhaps with a different geographic center of gravity.
Author: Kui-Wai Li
Publisher: Routledge
ISBN: 1134492707
Category : Business & Economics
Languages : en
Pages : 316
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Book Description
The author challenges current literature by providing an analysis of the differing views of Asian economic development, and providing an innovative alternative conceptual framework for the understanding of the Asian 'dragon' economies Takes a longer term view of the countries' economic development than many of the books on the Asian crisis Will be of importance to all interested in modern economic development - as well as Japan and East Asia, it should have a strong market in the US and Australia
Author: Bjarne Sloth Jensen
Publisher: University of Michigan Press
ISBN: 0472026410
Category : Business & Economics
Languages : en
Pages : 385
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Book Description
While endogenous growth theory has claimed success in modeling various factors of growth and providing an analysis of sustainable economic growth, most of the growth models in published work are for closed economies. The omission of international trade, which is often regarded as the engine of growth, greatly reduces their usefulness. The theory of international trade, on the other hand, is characterized by models that are mainly static. While interest in the dynamics of trade has been growing, there is still little work in this area. The success of the newly industrialized economies that have adopted trade-oriented policies suggests how limited present trade theory is in explaining and analyzing the growth of these economies. The work collected here serves to bridge the "old" growth theory and "new" growth theory; merge growth and trade theory; suggest new analysis and techniques of economic growth; and provide analysis of new issues related to growth and trade. The first chapter surveys endogenous growth and international trade and critically reviews the endogenous growth theory with a unified framework, covering the work on both closed and open economies. Three chapters examine the dynamics of some basic trade models; two chapters focus on growth and trade with endogenous accumulation of human and public capital; two chapters on economic growth, technological progress, and international trade; and two chapters on growth and international factor movements. Contributors include Eric W. Bond, Theo S. Eicher, Rolf Färe, Oded Galor, Shawna Grosskopf, Bjarne S. Jensen, Pantelis Kalaitzidakis, Shoukang Lin, Ngo Van Long, Kazuo Nishimura, Koji Shimomura, Kathleen Trask, Stephen J. Turnovsky, Pham Hoang Van, Henry Wan, Jr., Chunyan Wang, and Kar-yiu Wong. Bjarne S. Jensen is Associate Professor of Economics, Copenhagen Business School. Kar-yiu Wong is Professor of Economics, University of Washington, Seattle.
Author: Wei Ge
Publisher: World Scientific
ISBN: 9789810237905
Category : Business & Economics
Languages : en
Pages : 230
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Book Description
This book examines China's economic development since 1949, with special emphasis on the economic transition of the past two decades and the role of special economic zones in this gradually evolving process. Various issues concerning the formation of the zones are explored. The performance of the zones and their impacts on the Chinese economy and the transitional path are assessed in aspects such as economic growth, structural changes, investment financing, employment and wages, technology transfers and learning, productivity gains, standards of living, trade expansion and the changing pattern of foreign investment. The implications of the special economic zones as a policy instrument to facilitate the process of economic transition and development, as well as the relevant policy issues, are examined.
Author: Peter Pauly
Publisher: World Scientific
ISBN: 9813220457
Category : Business & Economics
Languages : en
Pages : 345
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Book Description
Global econometric models have a long history. From the early 1970s to the present, as modeling techniques have advanced, different modeling paradigms have emerged and been used to support national and international policy making. One purpose of this volume — based on a conference in recognition of the seminal impact of Nobel Prize winner in Economic Sciences Lawrence R Klein, whose pioneering work has spawned the field of international econometric modeling — is to survey these developments from today's perspective.A second objective of the volume is to shed light on the wide range of attempts to broaden the scope of modeling on an international scale. Beyond new developments in traditional areas of the trade and financial flows, the volume reviews new approaches to the modeling of linkages between macroeconomic activity and individual economic units, new research on the analysis of trends in income distribution and economic wellbeing on a global scale, and innovative ideas about modeling the interactions between economic development and the environment.With the expansion of elaborated economic linkages, this volume makes an important contribution to the evolving literature of global econometric models.
Author: Lawrence J. Lau
Publisher: The Chinese University of Hong Kong Press
ISBN: 9882370950
Category : Political Science
Languages : en
Pages : 516
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Book Description
An indispensable reference to the development of the Chinese economy—past, present, and future. —DALE W. JORGENSON, Samuel W. Morris University Professor, Harvard University Since China undertook economic reform and opened its economy to the world in the late 1970s, its economy has been growing at an average annual rate of over 9 percent for more than four decades. No other economy in recorded history has grown at such a high rate and for such a long period as China has done. The questions that naturally arise are: Was the Chinese economy a miracle? Or was it a mere bubble? Will the Chinese economy begin to stagnate like the Japanese economy did in the 1990s, and perhaps decline? Will it be able to escape the “middle-income trap”? If it is not a miracle, can the Chinese development experience be replicated elsewhere? This book provides a comprehensive and detailed discussion of the remarkable growth of the Chinese economy over the past decades, by scrutinising the sources of economic growth, and evaluating the strategies adopted by the Chinese government to promote the transition from a centrally-planned economy to a market-based economy by means of the “dual-track” approach. It is argued that, while the Chinese economy is unique and exceptional in many ways, its development experience can be explained and attributed. ------------------------------------------------------------------------------------------------------------------------------- A comprehensive and detailed discussion of the remarkable growth of the Chinese economy at nearly double-digit rates in the four decades since the reforms of Deng Xiaoping in 1978. This volume will be an indispensable reference to the development of the Chinese economy—past, present, and future. —Dale W. Jorgenson Samuel W. Morris University Professor, Harvard University Lawrence Lau’s discussion and economic reasoning with regard to the economic development of China dispels the view that the Chinese economic development since the opening up in the late 1970s was bubble. I found his reasoning fascinating and his arguments that other countries can replicate the Chinese experience to facilitate their own development sound and well-reasoned. This book will be read and discussed by scholars and practitioners interested in a better understanding of the road to economic development. —Myron Scholes Nobel Laureate in Economic Sciences (1997) Professor Emeritus, Stanford University The essays in this book present a rich and informed analysis of China’s long-run economic development. They provide a unique insight into the Chinese economy at a crucial point in the country’s development. The essays have deep analytical weight, reflecting Lawrence Lau’s outstanding contribution to economic thought and policy formation in China. —Peter Nolan Founding Director, Centre of Development Studies, University of Cambridge This is a great and well-researched book. As a distinguished scholar and renowned adviser to Chinese economic policymakers, Professor Lawrence Lau utilizes extensive data and economic models to evaluate the various sources of growth since China’s 1978 reforms from an innovative perspective. The book juxtaposes China’s experience with other East Asian economies, offering unique and deep insights into its distinctive development path. It’s essential reading for politicians, scholars, business leaders, investors, students, and anyone interested in understanding China better. —Junsen Zhang Dean and Distinguished University Professor, School of Economics, Zhejiang University Fellow of the Econometric Society
