The Economic Causes and Consequences of Social Instability in China
AbstractSocial instability is a concept that economists rarely analyse, and yet it can lurk behind much economic policy-making.� Chinaâ€™s leadership has often publicly expressed its concerns to avoid â€˜social instabilityâ€™.� It is viewed as a threat both to the political order and to the continued rapid growth of the economy.� This threat to growth in turn endangers the maintenance of social stability.� This paper examines the likely economic determinants of social instability, using both surveys and other evidence.� After explaining the determinants of Chinaâ€™s rapid growth, the paper goes on to examine the likely mechanisms by which social instability can affect the growth rate.� There is a case for more research on the role of social instability in the economic development process.
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Bibliographic InfoPaper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 619.
Date of creation: 03 Sep 2012
Date of revision:
China; Civil unrest; Corruption; Developmental state; Economic growth; Governance; Happiness; Inequality; Social instability;
Other versions of this item:
- Knight, John, 2013. "The economic causes and consequences of social instability in China," China Economic Review, Elsevier, vol. 25(C), pages 17-26.
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
- O20 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - General
- O43 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
- P26 - Economic Systems - - Socialist Systems and Transition Economies - - - Political Economy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-09-22 (All new papers)
- NEP-CWA-2012-09-22 (Central & Western Asia)
- NEP-DEV-2012-09-22 (Development)
- NEP-FDG-2012-09-22 (Financial Development & Growth)
- NEP-POL-2012-09-22 (Positive Political Economics)
- NEP-TRA-2012-09-22 (Transition Economics)
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