|
EconStor >
United Nations University (UNU) >
World Institute for Development Economics Research (UNU-WIDER), United Nations University >
WIDER Research Papers, United Nations University (UNU) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/45165
|
| | |
| Title: | | China's economic growth: Trajectories and evolving institutions  |
| Authors: | | Zhang, Jun |
| Issue Date: | | 2008 |
| Series/Report no.: | | Research paper / UNU-WIDER 2008.33 |
| Abstract: | | This paper investigates the institutional reason underlying the change in the trajectory of economic growth in post-reform China, and argues that the trajectory of growth was much more normal during the period of 1978-89 than in the post-1989 era. In the former period, growth was largely induced by equality-generating institutional change in agriculture and the emergence of non-state industrial sector. In the latter period, growth was triggered by the acceleration of capital investments under authoritarian decentralized hierarchy within self-contained regions. Such a growth trajectory accelerates capital deepening, deteriorating total factor productivity and leads to rising regional imbalance. This paper further argues that the change in the trajectory of growth is the outcome of changes in political and inter-governmental fiscal institutions following the 1989 political crisis. |
| Subjects: | | economic growth political institutions |
| JEL: | | H83 P26 |
| ISBN: | | 978-92-9230-079-1 |
| Document Type: | | Working Paper |
| Appears in Collections: | | WIDER Research Papers, United Nations University (UNU)
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/45165
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|