It is recommended for economists to examine China's Urban-Rural disparity from the perspective of transaction efficiency, in that it can provide us with a systematic explanation to both the cases of different countries and development stages. China's Urban-Rural disparity is special and...

Orthodox consumption theories have not incorporated the overlapping-generations (OLG) model and wealth-stock model, whereas this article explains households characters in consumption and savings in countries such as China and some other regions from the viewpoints of social convention, moral...

This paper examines international competitiveness of China's manufacturing industry during the period of 1980-2004 from a multilateral perspective in terms of purchasing power parities, relative price levels, labor productivity and unit labor costs. The various measures of PPPs in China s...

This paper examines the efficiency in resource allocation in China. We estimate production functions at the provincial level and use these functions to compute time series for marginal products of capital and labor. We found that dispersion in the marginal product of capital declined from 1970...

In the process of financial globalization and diversification, the issue of financial stability has become heated all over the world. This paper attempts to uncover the delicate relationship between banking structure and financial stability by comparing and analyzing the situation of the Chinese...

Transforming a traditional agricultural economy into a modern economy is one of the main themes in economic development. Through theoretical and empirical analysis, this paper finds out that the key to transformation is to raise the economic value of people, to improve human capital investment...

The theory of the political economy of trade policy, combining public choice and neoclassical trade theories, studies the level and pattern of trade intervention from the perspective of policy decision-making process, by stressing on income distribution instead of economic efficiency. The paper...

The purpose of this article is to re-estimate China s agricultural surplus labor. Our estimation is based on three prevalent methods including classical, neoclassical and standard structure comparing methods. Different from other researchers, we pay attention to not only the total amount of...

The income velocity of money in China has been declining since the country's reform. By studying the money demand behavior in the agricultural and non-agricultural sectors, we found that the marginal propensity to money demand is much higher in the non-agricultural sector. This implies that as...

Drawing on the research achievements on rice prices made in the Qing Dynasty, the Republic of China, and New China, this paper arranges, estimates and observes the statistical data on rice prices in the country over the past three-and-a-half centuries. This paper includes the following four...