This paper tests the external spillover effects of the transportation on China’s economic growth from the theoretical and the empirical perspectives. Based on a logarithm production model, this study first proves the existence of the positive externality in the transportation. After that, the...

The paper tests the impact of demographic change on China's economic growth by using 1983–2008 provincial panel data. The deducted result of the theoretical model shows that the share of working-age population is positively correlated with economic growth, whereas birth rate has an adverse...

In this article, we investigate the dynamic correlations among monetary policy, asset prices and inflation and assess the regional effects of monetary policy in China for the period October 2007 to July 2013. We focus on the interdependencies among monetary policy and asset price fluctuations by...

Center for China Study, Tsinghua University, Beijing 100084, China; Department of Economics, Geborg University, Sweden

Since the founding of the People's Republic more than forty years ago, China has experienced numerous economic cycles and economic readjustments. One of the characteristic regularities of China's economic development is the cyclic fluctuation manifested as the rise-fall-rise again-fall again of...

Every country has its own peculiar set of conditions and national circumstances, its own peculiar traditions, and its unique path to follow. In particular, when it comes to an enormous developing country such as China, a country with such a huge population and such a vast territory, with its...

>i>1. The background to writing this "Report on State Capacity":>/i> The fact that the relationship between the central government and the local governments is one of the chief contradictions and points of conflict in China's society [today].