The explanation offered here for the high rates of saving in China is that much of the saving has been in two Benthamite senses, “forced.” Involuntary saving, the first of Bentham's meanings, includes taxes which finance investment. These have been more than half of total saving in China in...

Although China agreed to abandon their use by 2001, subsidies to loss-making state owned enterprises continued through 2002. OLS and fixed effects regressions based on Chinese provincial data suggest strongly that the subsidies and annual increments in long term bank loans have stimulated the...

1. Growth of development economics -- 2. Development and planning -- 3. Income distribution and regional development -- 4. Development and international trade -- 5. Cost-benefit analysis -- 6. Labour productivity : international differences and short-run behaviour -- 7. Value theory.

Analysis of the interactions of energy and economic policy issues in Mexico. Using linear approximations, the model embodies non-linear substitution possibilities between alternative technologies, foreign borrowing in successive time periods, the rate of oil extraction and consumption and trade...

A little logic and a little evidence does not warrant the conclusion that the yuan should be appreciated. There has been no depreciation of the yuan in recent years to generate increases in China's exports and the total of China's and Hong Kong's exports to the U.S. has remained virtually...