Structural analysis of economic growth in China: international comparison context
Purpose of this research is to conduct a structural analysis of the Chinese economic growth in comparison with the United States, Germany, Japan, and Russia, as well as to identify features of its structural dynamics and macroeconomic policy.
Рубрика | Экономика и экономическая теория |
Вид | статья |
Язык | английский |
Дата добавления | 15.06.2021 |
Размер файла | 5,9 M |
Отправить свою хорошую работу в базу знаний просто. Используйте форму, расположенную ниже
Студенты, аспиранты, молодые ученые, использующие базу знаний в своей учебе и работе, будут вам очень благодарны.
Araujo R. A. (2013) Cumulative causation in a structural economic dynamic approach to economic growth and uneven development. Structural Change and Economic Dynamics, vol. 24, pp. 130-140.
Bell D. (1973) The coming of post-industrial society: A venture of social forecasting. N. Y., Basic Books. 507 p.
Bridgman B., Duernecker G., Herrendorf B. (2018) Structural transformation, marketization, and household production around the world. Journal of Development Economics, vol. 133, pp. 102-126.
Chen S., Jefferson G. H., Zhang J. (2011) Structural change, productivity growth and industrial transformation in China. China Economic Review, vol. 22, pp. 133-150.
Christiansen L., Schindlerand M., Tressel T. (2013) Growth and structural reforms: A new assessment. Journal of International Economics, vol. 89, pp. 347-356.
Ciarli T., Valente M. (2016) The complex interactions between economic growth and market concentration in a model of structural change. Structural Change and Economic Dynamics, vol. 38, pp. 38-54.
Eicher T. S., Schreiber T. (2010) Structural policies and growth: Time series evidence from a natural experiment. Journal of Development Economics, vol. 91, pp. 169-179.
Erkoyuncu J. A., Rajkumar R., Shehab E. et al. (2019) An effective uncertainty based framework for sustainable industrial product-service system transformation. Journal of Cleaner Production, vol. 208, pp. 160-177.
Galbraith J. K. (1967) The New Industrial State. Boston, Houghton Mifflin. 427 p.
Glazyev S. Yu. (2017) The battle for leadership in the twenty-first century. Russia, USA, China. The seven options in the near future. Moscow, Knizhnyj mir. 352 p. (In Russian).
Harada T. (2015) Structural change and economic growth with relation-specific investment. Structural Change and Economic Dynamics, vol. 32, pp. 1-10.
Held D., McGrew A., Goldblatt D., Perraton J. (2004) Global Transformations: Politics, Economy, Culture. Cambridge, Polity Press. 540 p.
Hu M., Zhang J., Chao C. (2019) Regional financial efficiency and its non-linear effects on economic growth in China. International Review of Economics & Finance, vol. 59, pp. 193-206.
Lee J. W., McKibbin W. J. (2018) Service sector productivity and economic growth in Asia. Economic Modelling, vol. 74, pp. 247-263.
Li K., Lin B. (2017) Economic growth model, structural transformation, and green productivity in China. Applied Energy, vol. 187, pp. 489-500.
Li W., Min G. (2013) China's Growth Model and Structural Imbalance in the Open Economy. Procedia -- Social and Behavioral Sciences, vol. 77, pp. 37-54.
Pothen F. A. (2017) Structural decomposition of global Raw Material Consumption. Ecological Economics, vol. 141, pp. 154-165.
Samaniego R. M., Sun J. Y. (2016) Productivity growth and structural transformation. Review of Economic Dynamics, vol. 21, pp. 266-285.
Schumpeter J. A. (2008) The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest and the Business Cycle. Translated from the German by Redvers Opie. New Brunswick (U. S. A) and London (U. K.), Transaction Publishers. 864 p.
Smith V. (2017) Rethinking the Economy: Classical Understanding. Collection Economics for the Curious. What do Nobel laureates think about? Moscow, Gaidar Publishing House.
Sukharev O. S. (2016a) Economic growth in Russia: the problem of management, Economist, vol. 7, pp. 2131. (In Rissian).
Sukharev O. S. (2016b) Theory of Economic Restructurization. Moscow, Lenand. 256 p. (In Russian)
Sukharev O. S. (2017) Empirical facts to the theory of reform and economic growth. Economics and Entrepreneurship, vol. 2, pp. 26-37. (In Russian)
Sukharev O. S. (2018) Changes in macroeconomic policies to ensure economic growth in 2018-2024. Problems of Management Theory and Practice, vol. 3, pp. 113-119. (In Russian)
Swi^cki T. (2017) Determinants of structural change. Review of Economic Dynamics, vol. 24, pp. 95-131.
Teixeira A. A., Queiros A. S. (2016) Economic growth, human capital and structural change: A dynamic panel data analysis. Research Policy, vol. 45, pp. 1636-1648.
Toffler A. (1984) The Third Wave: The Classic Study of Tomorrow. USA, Bantam. 560 p.
Vries G. J., Erumban A. A., Timmer M. P., Voskoboynikov I., Wu H. X. (2012) Deconstructing the BRICs: Structural transformation and aggregate productivity growth. Journal of Comparative Economics, vol. 40, pp. 211-227.
Vu K. M. (2017) Structural change and economic growth: Empirical evidence and policy insights from Asian economies. Structural Change and Economic Dynamics, vol. 41, pp. 64-77.
Wang T., Chanda A. (2018) Manufacturing growth and local employment multipliers in China. Journal of Comparative Economics, vol. 46, pp. 515-543.
Zhao J., Tang J. (2018) Industrial structure change and economic growth: A China-Russia comparison. China Economic Review, vol. 47, pp. 219-233.
Wallis J. J., North D. C. (1988) Measuring the transaction sector in the American Economy. Chicago and London, University of Chicago Press. 161 p.
Zhou C. (2018) State Capture and Technological Innovation During Institutional Transition: Empirical Evidence from Listed Companies in China's Growth Enterprise Market. Transformations in Business & Economics, vol. 17, pp. 180-193.
Appendix
Fig. 1. Structural dynamics of Russia's GDP, 2003-2017
Based on: Federal State Statistic Service. URL: http://www.gks.ru/wps/wcm/connect/ rosstat_main/rosstat/ru/statistics/accounts/ (accessed: 25.02.2019).
Fig. 2. Structural dynamics of the US GDP, 2000-2017 B a s e d o n: Central Intelligence Agency. URL: https://www.cia.gov/library/publications/the-world-factbook/ (accessed: 25.02.2019).
Fig. 3. Structural dynamics of Germany's GDP, 2000-2017
Based on: Federal Statistical Office (Destatis). URL: https://www.destatis.de/EN/Home/_node.html (accessed: 25.02.2019).
Fig. 4. Structural dynamics of Japan's GDP, 2000-2017
Based on: Statistics Japan. URL: https://www.stat.go.jp/ english/data/index.html (accessed: 25.02.2019).
Fig. 5. Structural dynamics of China's GDP, 2000-2017
Based on: National Bureau of Statistics of China. URL: https://www.stat.go.jp/english/data/index. html (accessed: 25.02
Fig. 6. Deviation of the actual from calculated rate of GDP growth, %
Based on: Federal State Statistic Service. URL: http://www.gks.ru/wps/wcm/connect/rosstat_ main/rosstat/ru/statistics/accounts/ (accessed: 28.02.2019); Russian National Bureau of Statistics of China. URL: https://www.stat.go.jp/english/data/index.html (accessed: 28.02.2019); Central Intelligence Agency. URL: https://www.cia.gov/library/publications/the-world-factbook/ (accessed: 28.02.2019); Federal Statistical Office (Destatis). URL: https://www.destatis.de/EN/Home/_node.html (accessed: 28.02.2019); Statistics Japan. URL: https://www.stat.go.jp/english/data/index.html (accessed: 28.02.2019).
Fig. 7. Contribution of sectors to the GDP growth rate in Russia, 2004-2018 Based on: Federal State Statistic Service. URL: http://www.gks.ru/wps/wcm/connect/rosstat main/rosstat/ru/statistics/accounts/ (accessed: 27.02.2019).
Fig. 8. Contribution of sectors to the GDP growth rate in USA, 2000-2016 Based on: Central Intelligence Agency. URL: https://www.cia.gov/library/publications/ the-world-factbook/ (accessed: 27.02.2019).
Fig. 9. Sectoral contribution to GDP dynamics of Germany, 2000-2017
Based on: Federal Statistical Office (Destatis). URL: https://www.destatis.de/EN/Home/_node. html (accessed: 27.02.2019).
Fig. 10. Sectoral contribution to GDP dynamics of Japan, 2000-2016
Based on: Statistics Japan. URL: https://www.stat.go.jp/ english/data/index.html (accessed: 27.02.2019).
Fig. 11. Sectoral contribution to the dynamics of China's GDP, 2000-2017 B a s e d o n: National Bureau of Statistics of China. URL: https://www.stat.go.jp/english/data/index.html (accessed: 27.02.2019).
Fig.12. M2 and GDP in China, 2000-2017 N o t e s: there is no residual autocorrelation in the regressions (Durbin-Watson statistic: D - Wcalcul. ?[1.53; 2.47] = 1.53 (left) and 1.78 (right)), heteroskedasticity (White test: ч c2alculated . (2.15 (left) and 1.98 (right) < ч c2ritical . (3.84). F-test and Student t-test are fulfilled. B a s e d o n: IMF World Economic Outlook Database. URL: https://www.imf.org/external/ pubs/ft/weo/2019/01/weodata/index.aspx (accessed: 20.02.2019).
Fig. 13. Inflation and GDP in China, 2000-2017 B a s e d o n : IMF World Economic Outlook Database. URL: https://www.imf.org/external/pubs/ft/ weo/2019/01/weodata/index.aspx (accessed: 20.02. 2019).
Fig. 14. Influence of inflation on GDP in China (a) and Russia (b)
Based on: IMF World Economic Outlook Database. URL: https://www.imf.org/external/pubs/ft/ weo/2019/01/weodata/index.aspx (accessed: 20.02.2019).
Fig. 15. Influence of inflation on employment in China (a) and Russia (b)
Based on: IMF World Economic Outlook Database. URL: https://www.imf.org/external/pubs/ ft/weo/2019/01/weodata/index.aspx (accessed: 20.02.2019).
Размещено на Allbest.ru
...Подобные документы
The major structural elements of economic safety of a national economy branches. The structural analysis of economic activity. Share of wages in ВВП, of productivity of Russia and western countries. The essence of the economic taxes and their purpose.
статья [166,3 K], добавлен 12.04.2012The stock market and economic growth: theoretical and analytical questions. Analysis of the mechanism of the financial market on the efficient allocation of resources in the economy and to define the specific role of stock market prices in the process.
дипломная работа [5,3 M], добавлен 07.07.2013Short and long run macroeconomic model. Saving and Investment in Italy, small open economy. Government expenditure and saving scatterplot. Loanable market equilibrium in closed economy in the USA. Okun’s Law in the USA and Italy, keynesian cross.
курсовая работа [1,6 M], добавлен 20.11.2013The essence of economic efficiency and its features determination in grain farming. Methodology basis of analysis and efficiency of grain. Production resources management and use. Dynamics of grain production. The financial condition of the enterprise.
курсовая работа [70,0 K], добавлен 02.07.2011Concept of competitiveness and competition, models. Russia’s endowment. Engendered structural dominance and performance. The state of Russian competitiveness according to the Global Competitiveness Index. Place in the world, main growth in detail.
курсовая работа [1,2 M], добавлен 28.05.2014Socio-economic and geographical description of the United states of America. Analysis of volumes of export and import of the USA. Development and state of agroindustrial complex, industry and sphere of services as basic sectors of economy of the USA.
курсовая работа [264,5 K], добавлен 06.06.2014Models and concepts of stabilization policy aimed at reducing the severity of economic fluctuations in the short run. Phases of the business cycle. The main function of the stabilization policy. Deviation in the system of long-term market equilibrium.
статья [883,7 K], добавлен 19.09.2017Chinese economy: history and problems. Problems of Economic Growth. The history of Chinese agriculture. The ratio of exports and imports of goods and service to gross domestic product at current prices. Inefficiencies in the agricultural market.
курсовая работа [162,1 K], добавлен 17.05.2014Directions of activity of enterprise. The organizational structure of the management. Valuation of fixed and current assets. Analysis of the structure of costs and business income. Proposals to improve the financial and economic situation of the company.
курсовая работа [1,3 M], добавлен 29.10.2014The global financial and economic crisis. Monetary and financial policy, undertaken UK during a crisis. Combination of aggressive expansionist monetary policy and decretive financial stimulus. Bank repeated capitalization. Support of domestic consumption.
реферат [108,9 K], добавлен 29.06.2011Defining the role of developed countries in the world economy and their impact in the political, economic, technical, scientific and cultural spheres.The level and quality of life. Industrialised countries: the distinctive features and way of development.
курсовая работа [455,2 K], добавлен 27.05.2015Early Life. Glasgow. The Theory of Moral Sentiments. Travels on the Continent. The Wealth of Nations. Society and "the invisible hand". Economic growth. After two centuries, Adam Smith remains a towering figure in the history of economic thought.
реферат [29,5 K], добавлен 08.04.2006General characteristic of the LLC DTEK Zuevskaya TPP and its main function. The history of appearance and development of the company. Characteristics of the organizational management structure. Analysis of financial and economic performance indicators.
отчет по практике [4,2 M], добавлен 22.05.2015Analysis of the causes of the disintegration of Ukraine and Russia and the Association of Ukraine with the European Union. Reducing trade barriers, reform and the involvement of Ukraine in the international network by attracting foreign investment.
статья [35,7 K], добавлен 19.09.2017Stereotypes that influence on economic relations between the European Union countries and Russia. Consequences of influence of stereotypes on economic relations between EU and Russia. Results of first attempts solving problem. General conclusion.
реферат [19,0 K], добавлен 19.11.2007A variety of economy of Kazakhstan, introduction of the international technical, financial, business standards, the introduction to the WTO. The measures planned in the new Tax code. Corporation surtax. Surtax reform. Economic growth and development.
реферат [27,2 K], добавлен 26.02.2012The influence of the movement of refugees to the economic development of host countries. A description of the differences between forced and voluntary migration from the point of view of economic, political consequences. Supply in the labor markets.
статья [26,6 K], добавлен 19.09.2017The analysis dismisses the notion of a genuine trade-off between employment and productivity growth. More and better jobs – an example of goal inconsistency. Background considerations. The dynamic employment-productivity relationship in recent years.
реферат [262,7 K], добавлен 25.06.2010Investments as an economic category, and their role in the development of macro- and microeconomics. Classification of investments and their structure. Investment activity and policy in Kazakhstan: trends and priorities. Foreign investment by industry.
курсовая работа [38,8 K], добавлен 05.05.2014Analysis of the status and role of small business in the economy of China in the global financial crisis. The definition of the legal regulations on its establishment. Description of the policy of the state to reduce their reliance on the banking sector.
реферат [17,5 K], добавлен 17.05.2016