Synopses & Reviews
This wide ranging collection of essays addresses many important issues in China's economy under transition, from grain production and trade, to the development of township enterprises, the restructuring of state-owned enterprises, the emergence of big business, money demand, and consumption behavior. The contributors provide insightful analysis and discussions of economic policies, illuminating the institutional context within which reform strategies are negotiated and implemented in different economic sectors.
Synopsis
This book consists of a number of papers presented to the Chinese Economic Association (UK) Annual Conferences in the late 1990's. They address many important issues in China's economy under transition.
About the Author
Sarah Cook is Research Fellow at the Institute of Development Studies, University of Sussex. Shujie Yao is Reader in Economics and Director of Development Economics Research at the University of Portsmouth. Juzhong Zhuang is Economist for the Asian Development Bank.
Table of Contents
Part I: Industrial Restructuring and Enterprise Reform * Reorganizing Amid Turbulence--Peter Nolan & Xiaoqiang Wang * Capital Firms, Public Enterprises--Minquan Liu * Financial Discipline in the Enterprise Sector in Transition Countries--Shumei Gao & Mark E. Schaffer * Impact of Reforms on Wages and Employment Determination in Chinese State Owned Enterprises, 1986-91--Athar Hussain & Juzhong Zhuang * Reform of China's Energy Sector--Philip Andrews-Speed *
Part II: The Rural Sector: Agriculture and Industry * Agriculture's Role in Economic Development--Shujie Yao * Property Rights and New Commercial Organizations--Qiren Zhou * Employment, Enterprise, and Inequality in Rural China--Sarah Cook * China's Grain Economy and Trade Policy--Feng Lu * The Economic Behavior of China's Grain Producers in Transition--John Davis & Liming Wang * Labor Productivity in Rural Industry Exports--Fiona Carmichael, Hui Tan, & Meibing Fu *
Part III: Modeling Transition and Structural Change * On Macro-Modeling of Transitional Economics, with Special Reference to the Case of China--Duo Qin * Structural Changes in Employment and Investment in China: 1985-94--Aying Liu * Economic Reforms and the Stability of Long-Run Demand for Money in China--Chao-Dong Huang * Is There Any Stable Long-Run Equilibrium Relationship between Aggregate Consumption and Income in China?--Haiyan Song, Xiaming Liu, & Peter Romilly