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Economic Reform and Growth in China

Author

Listed:
  • Gregory C. Chow

    () (Department of Economics, Princeton University)

Abstract

This paper surveys (1)the reasons for economic reform in China to be introduced in 1978, (2)the major components of economic reform, (3) the characteristics of the reform process, (4) why reform was successful, (5) the shortcomings of China¡¯s economic institutions, (6) the factors contributing to rapid economic growth, and (7) the future prospects of further reform and growth, with important conclusions summarized in the last section concerning economic reform in general. Much of the material is drawn from the author¡¯s book China¡¯s Economic Transformation(Blackwell, 2002).

Suggested Citation

  • Gregory C. Chow, 2004. "Economic Reform and Growth in China," Annals of Economics and Finance, Society for AEF, vol. 5(1), pages 127-152, May.
  • Handle: RePEc:cuf:journl:y:2004:v:5:i:1:p:127-152
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    References listed on IDEAS

    as
    1. Gregory C. Chow, 1993. "Capital Formation and Economic Growth in China," The Quarterly Journal of Economics, Oxford University Press, vol. 108(3), pages 809-842.
    2. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 107(2), pages 407-437.
    3. Gary H. Jefferson & Thomas G. Rawski, 1994. "Enterprise Reform in Chinese Industry," Journal of Economic Perspectives, American Economic Association, vol. 8(2), pages 47-70, Spring.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Jose Miguel Albala-Bertrand, 2013. "Evolution of Structural Indicators. China and Regions: 1981-2010," Working Papers 701, Queen Mary University of London, School of Economics and Finance.
    2. Yuwen Dai, 2007. "Macro Regime and Economic Growth in China," DEGIT Conference Papers c012_015, DEGIT, Dynamics, Economic Growth, and International Trade.
    3. Denis Nitikin & Chunli Shen & Qian Wang & Heng-fu Zou, 2012. "Water Service Delivery Reform in China: Safeguarding the Interests of the Poor," Annals of Economics and Finance, Society for AEF, vol. 13(2), pages 463-487, November.
    4. Cheung, Diana & Padieu, Ysaline, 2015. "Heterogeneity of the Effects of Health Insurance on Household Savings: Evidence from Rural China," World Development, Elsevier, vol. 66(C), pages 84-103.
    5. Fadun Solomon Olajide, 2014. "Cultural Awareness, a Form of Risk Management in International Business: Case Study of China," Business and Economic Research, Macrothink Institute, vol. 4(1), pages 266-288, June.
    6. He, Qichun, 2011. "Home-bias Politics, Financial Deregulation and Economic Growth: A Causal Relationship," MPRA Paper 34482, University Library of Munich, Germany.
    7. Kang, Byeongwoo, 2014. "The innovation process of a privately-owned enterprise and a state-owned enterprise in China," IDE Discussion Papers 470, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    8. Denis Nitikin & Chunli Shen & Qian Wang & Heng-fu Zou, 2011. "Land Taxation in China: Assessment of Prospects for Politically and Economically Sustainable Reform," CEMA Working Papers 431, China Economics and Management Academy, Central University of Finance and Economics.
    9. He, Qichun, 2011. "Does Growth Cause Financial Deregulation in China? An Instrumental Variables Approach," MPRA Paper 34449, University Library of Munich, Germany.
    10. LI, Hongyi & HUANG, Liang, 2009. "Health, education, and economic growth in China: Empirical findings and implications," China Economic Review, Elsevier, vol. 20(3), pages 374-387, September.
    11. Pene Zongabiro Nina Pelagie, 2014. "The Contribution of Village Palm Grove to the Cameroonian Rural Economic Development," Research in World Economy, Research in World Economy, Sciedu Press, vol. 5(2), pages 159-168, September.
    12. Wang, Chan, 2012. "A very preliminary survey on growth and development," MPRA Paper 39037, University Library of Munich, Germany.
    13. Kadochnikov, Pavel & Ptashkina, Maria, 2014. "The liberalization of foreign trade in China: Meeting the Challenges of the beginning of the 1990s," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, pages 103-113, December.
    14. repec:cuf:journl:y:2017:v:18:i:1:wang is not listed on IDEAS

    More about this item

    Keywords

    China; Economic reform; Economic growth; Institutional changes; Economic policy;

    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • P2 - Economic Systems - - Socialist Systems and Transition Economies
    • P3 - Economic Systems - - Socialist Institutions and Their Transitions
    • N00 - Economic History - - General - - - General

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