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Books > Business & Economics > Economics > Econometrics
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China's Remarkable Economic Growth (Hardcover, New)
Loot Price: R2,075
Discovery Miles 20 750
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China's Remarkable Economic Growth (Hardcover, New)
Expected to ship within 10 - 15 working days
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How has the Chinese economy managed to grow at such a remarkable
rate - no less than ten per cent per annum - for over three
decades? This well-integrated book combines economic theory,
empirical estimation, and institutional analysis to address one of
the most important questions facing contemporary economists. A
common thread that runs throughout the book is the underlying
political economy: why China became a 'developmental state', and
how it has maintained itself as a 'developmental state'. The book
examines the causal processes at work in the evolution of China's
institutions and policies. It estimates cross-country and
cross-province growth equations to shed light on the proximate, and
some of the underlying, determinants of the growth rate. It
explores important consequences of China's growth, posing a series
of key questions, such as: is the economy running out of unskilled
labour; why and how has inequality risen; has economic growth
raised happiness; what are the social costs of the overriding
priority accorded to growth objectives; can China continue to grow
rapidly, or will the maturing economy, or the macroeconomic
imbalances, or financial crisis, or social instability, bring it to
an end? Based mainly on original research, this book will be of
interest to growth economists, development economists, transition
economists, China specialists, policy-makers, and indeed all those
who are intrigued by the Chinese growth phenomenon.
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