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Haste Makes Waste： Policy Options Facing China after Reaching the Lewis Turning Point

Cai, Fang

China & world economy, 2015, Vol.23 (1), p.1-20 [Periódico revisado por pares]

Beijing: Blackwell Publishing Ltd

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  • Título:
    Haste Makes Waste： Policy Options Facing China after Reaching the Lewis Turning Point
  • Autor: Cai, Fang
  • Assuntos: China ; D04 ; Determinants ; Economic conditions ; Economic growth ; Growth models ; Growth rates ; Industrial policy ; macroeconomic policy ; Macroeconomics ; O53 ; Political economy ; potential growth rate ; Stimuli ; Studies ; Supply & demand ; supply-side factors ; Sustainability ; 中国经济 ; 刘易斯 ; 区域政策 ; 可持续发展 ; 地方政府 ; 宏观经济 ; 拐点 ; 经济衰退
  • É parte de: China & world economy, 2015, Vol.23 (1), p.1-20
  • Notas: 11-4639/F
    macroeconomic policy, potential growth rate, supply-side factors
    This paper provides a framework for assessing the health of China＇s macro economy and the sustainability of economic growth by combining supply-side and demand-side factors and by considering their relationship at different stages of development. As the Chinese economy passed through its Lewis turning point, weakened supply-side factors caused its growth to slow. The increasing concern regarding the economic slowdown has induced both the central and local governments to implement various stimulus plans through instruments of macroeconomic, industrial and regional policies. By examining where the imbalances of the Chinese economy really lie and investigating the determinants of the current slowdown and of the enhancement of the potential growth rate, the present paper suggests that the best path of action for the Chinese Government is not to stimulate growth through demand-side factors but to increase the potential growth rate through reforms in certain key areas.
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    ark:/67375/WNG-VDFD43DB-C
    ObjectType-Article-1
    SourceType-Scholarly Journals-1
    ObjectType-Feature-2
    content type line 23
  • Descrição: This paper provides a framework for assessing the health of China＇s macro economy and the sustainability of economic growth by combining supply-side and demand-side factors and by considering their relationship at different stages of development. As the Chinese economy passed through its Lewis turning point, weakened supply-side factors caused its growth to slow. The increasing concern regarding the economic slowdown has induced both the central and local governments to implement various stimulus plans through instruments of macroeconomic, industrial and regional policies. By examining where the imbalances of the Chinese economy really lie and investigating the determinants of the current slowdown and of the enhancement of the potential growth rate, the present paper suggests that the best path of action for the Chinese Government is not to stimulate growth through demand-side factors but to increase the potential growth rate through reforms in certain key areas.
  • Editor: Beijing: Blackwell Publishing Ltd
  • Idioma: Inglês
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  • Realização: ABCD-USP USP   Logos de Redes Sociais: Freepik

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