Rebalancing China's Economic Growth: Some Insights from Japan's Experience
One of the greatest challenges China faces is how to reshape its heavily investment-driven mode of economic growth. By investigating how the rebalancing of Japan's economic growth mode was realized in the 1970s, we indicate that it is essential in the rebalancing to correct the distortions in the factor cost (labor cost and capital cost) in a harmonious way. In addition, we refer to Japan's experience to indicate that achieving domestic rebalancing does not necessarily lead to external rebalancing.
(This abstract was borrowed from another version of this item.)
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 20 (2012)
Issue (Month): 1 (01)
|Contact details of provider:|| Postal: No. 5 Jian Guo Men Nei Street, Beijing 100732|
Phone: (0086-10) 65126105
Fax: (0086-10) 65126105
Web page: http://www.blackwellpublishing.com/journal.asp?ref=1671-2234
More information through EDIRC
|Order Information:||Web: http://www.blackwellpublishing.com/subs.asp?ref=1671-2234|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Louis Kuijs & Tao Wang, 2006. "China's Pattern of Growth: Moving to Sustainability and Reducing Inequality," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 14(1), pages 1-14.
- Jahangir Aziz & Li Cui, 2007. "Explaining Chinaâ€™s Low Consumption; The Neglected Role of Household Income," IMF Working Papers 07/181, International Monetary Fund.
- Marcos Chamon & Eswar Prasad, 2008.
"Why are Saving Rates of Urban Households in China Rising?,"
IMF Working Papers
08/145, International Monetary Fund.
- Marcos D. Chamon & Eswar S. Prasad, 2010. "Why Are Saving Rates of Urban Households in China Rising?," American Economic Journal: Macroeconomics, American Economic Association, vol. 2(1), pages 93-130, January.
- Chamon, Marcos & Prasad, Eswar, 2007. "Why Are Saving Rates of Urban Households in China Rising?," IZA Discussion Papers 3191, Institute for the Study of Labor (IZA).
- Marcos Chamon & Eswar Prasad, 2008. "Why are Saving Rates of Urban Households in China Rising?," NBER Working Papers 14546, National Bureau of Economic Research, Inc.
- Zhang, Xiaobo & Yang, Jin & Wang, Shenglin, 2010.
"China has reached the lewis turning point,"
IFPRI discussion papers
977, International Food Policy Research Institute (IFPRI).
- Huang, Yiping & Tao, Kunyu, 2011. "Causes of and Remedies for the People’s Republic of China’s External Imbalances: The Role of Factor Market Distortion," ADBI Working Papers 279, Asian Development Bank Institute.
- Yoshikawa, Hiroshi, 1995. "Macroeconomics and the Japanese Economy," OUP Catalogue, Oxford University Press, number 9780198233268, May.
- Fang Cai & Meiyan Wang, 2008. "A Counterfactual Analysis on Unlimited Surplus Labor in Rural China," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 16(1), pages 51-65.
- Yiping Huang & Bijun Wang, 2010. "Cost Distortions and Structural Imbalances in China," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 18(s1), pages 1-17.
- Knight, John & Deng, Quheng & Li, Shi, 2011.
"The puzzle of migrant labour shortage and rural labour surplus in China,"
China Economic Review,
Elsevier, vol. 22(4), pages 585-600.
- John Knight & Deng Quheng & Li Shi, 2010. "The Puzzle of Migrant Labour Shortage and Rural Labour Surplus in China," Economics Series Working Papers 494, University of Oxford, Department of Economics.
- Ichiro Muto & Miyuki Matsunaga & Satoko Ueyama & Tomoyuki Fukumoto, 2010. "On the Recent Rise in China's Real Estate Prices," Bank of Japan Review Series 10-E-3, Bank of Japan.
- Chong-En Bai & Chang-Tai Hsieh & Yingyi Qian, 2006.
"The Return to Capital in China,"
Brookings Papers on Economic Activity,
Economic Studies Program, The Brookings Institution, vol. 37(2), pages 61-102.
When requesting a correction, please mention this item's handle: RePEc:bla:chinae:v:20:y:2012:i:1:p:62-82. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.