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Understanding the Pattern of Growth and Equity in the People’s Republic of China

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  • Minquan Liu

    (Asian Development Bank Institute)

Abstract

There are likely to be many factors which have together shaped the current pattern of growth and equity in the People’s Republic of China (PRC). Among them are the foundations laid in the pre-1978 era, especially in respect of land-related institutional reforms and social sector investments. These factors successfully complemented the subsequent export and foreign direct investment FDI promotion strategies the PRC followed in the post-1978 years. However, given the large size of the PRC, while these strategies have helped to kick-start its economic take-off, the long-run growth of the country cannot depend on it.

Suggested Citation

  • Minquan Liu, 2011. "Understanding the Pattern of Growth and Equity in the People’s Republic of China," ADBI Working Papers 331, Asian Development Bank Institute.
    • Handle: RePEc:ris:adbiwp:0331
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    File URL: http://www.adbi.org/files/2011.12.08.wp331.understanding.pattern.growth.equity.prc.pdf
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    References listed on IDEAS

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    1. Perkins, Dwight H. & Syrquin, Moshe, 1989. "Large countries: The influence of size," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 2, chapter 32, pages 1691-1753, Elsevier.
    2. Martin Ravallion & Shaohua Chen & Prem Sangraula, 2007. "New Evidence on the Urbanization of Global Poverty," Population and Development Review, The Population Council, Inc., vol. 33(4), pages 667-701, December.
    3. Chuliang Luo & Terry Sicular, 2011. "Inequality and Poverty in Rural China," University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers 201114, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).
    4. Dasgupta, Partha, 1997. "Nutritional status, the capacity for work, and poverty traps," Journal of Econometrics, Elsevier, vol. 77(1), pages 5-37, March.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Yuming Cui & Changrong Lu, 2018. "Are China's unit labour costs still competitive? A comparison with ASEAN countries," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 32(1), pages 59-76, May.
    2. Minquan Liu & Yuming Cui, 2023. "Land Financing-Led Urbanization in China: Evolution, Scale and Lessons," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 15(6), pages 1-54, June.

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    More about this item

    Keywords

    prc; income distribution; prc growth patterns; foreign direct investment; human capital;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • N35 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Asia including Middle East
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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