| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19662 |
| 来源ID | Working Paper 19662 |
| China: An Institutional View of an Unusual Macroeconomy | |
| David Dollar; Benjamin F. Jones | |
| 发表日期 | 2013-11-21 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | China presents several macroeconomic patterns that appear inconsistent with standard stylized facts about economic development and hence inconsistent with the standard neoclassical growth model. We show that Chinese macroeconomic patterns instead appear consistent with an environment where state control of factor markets can promote aggressive output goals. We consider the micro-institutional features that can sustain this behavior, emphasizing the hukou system and state control over capital allocation, and present a simple model built on these features. The model can explain several puzzling facts about the Chinese economy, including its unusually low labor share and unusually high saving and investment rates. Interestingly, the model also shows that free-market reforms can initially take the economy further from global macroeconomic norms. |
| 主题 | Macroeconomics ; Consumption and Investment ; Development and Growth ; Development ; Other ; Economic Systems |
| URL | https://www.nber.org/papers/w19662 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577337 |
| 推荐引用方式 GB/T 7714 | David Dollar,Benjamin F. Jones. China: An Institutional View of an Unusual Macroeconomy. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
