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" The state of China's state capitalism : "
editors, Juann H. Hung and Yang Chen.
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BL
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| Record Number
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889777
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| Title & Author
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The state of China's state capitalism : : evidence of its successes and pitfalls /\ editors, Juann H. Hung and Yang Chen.
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| Publication Statement
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Cham :: Springer Nature :: Palgrave Macmillan,, 2018.
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| Page. NO
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1 online resource :: color illustrations
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| ISBN
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9789811309830
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: 9811309833
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9789811309823
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| Bibliographies/Indexes
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Includes bibliographical references and index.
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| Contents
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Intro; Preface; Acknowledgments; Contents; List of Figures; List of Tables; Part I: Land and Debt; Chapter 1: Fiscal Decentralization, Yardstick Competition inDetermining Chinese Local Governments' Land Conveyance Behavior; 1.1 Introduction; 1.2 Literature Review; 1.3 Theoretical Framework; 1.3.1 The Model Setup; 1.3.2 The Centralized Fiscal System; 1.3.3 The Decentralized Fiscal System WithoutYardstick Competition; 1.3.4 The Decentralized Fiscal System withYardstick Competition; 1.4 The Empirical Framework; 1.4.1 The Econometric Specification; 1.4.2 The Empirical Strategy
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1.5 Data Description1.6 Main Results; 1.7 Conclusion; Appendix; References; Chapter 2: Determinants oftheUrban Investment Bonds inChina; 2.1 Introduction; 2.2 Background; 2.3 Literature Review; 2.4 Empirical Strategy; 2.5 Data Description; 2.6 Main Results; 2.6.1 Moran's IStatistics; 2.6.2 Main Results Based ontheRook Contiguity Weight Matrix; 2.6.3 Robustness Check; 2.7 Conclusion; Appendix; Weight Matrix Using GDP Ranking; Weight Matrix Using Trade Flow; Weight Matrix Using Railway Mileage; References; Part II: Real Estate Sector
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Appendix 3: GSADF Test onReal Housing Price ofBubble ProvincesAppendix 4: GSADF Test onReal Housing Price ofSlight-Bubble Provinces; Appendix 5: GSADF Test onReal Housing Price ofNo-Bubble Provinces; References; Chapter 4: When Wanda Plaza Comes totheYangtze River Delta: Will theLand Prices Increase?; 4.1 Introduction; 4.2 Literature Review; 4.3 Data; 4.4 Methodology; 4.5 Results; 4.5.1 Benchmark Model Estimation Results; 4.5.2 Difference-in-Differences Estimation Results; 4.6 Conclusion; Appendix; References; Part III: Energy and Environment
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Chapter 3: China's Housing Price: Where Are theBubbles?3.1 Introduction; 3.2 Methods ofDetecting Housing Price Bubbles intheLiterature; 3.3 Research Method; 3.3.1 The GSADF Method; 3.3.1.1 Data; 3.3.1.2 Empirical Implementation Issues; 3.3.1.3 Empirical Results; 3.3.2 The Price-Rent Ratio Method; 3.3.2.1 Empirical Results; 3.4 What Are theCauses ofChina's Housing Bubbles?; 3.4.1 Baby Boom andCulture?; 3.4.2 Policy-Induced Speculation?; 3.5 Conclusion; Appendix; Appendix 1: GSADF Critical Values UnderDifferent Replications; Appendix 2: GSADF Test onChina's Average Housing Prices
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Chapter 5: Forecasting theCarbon Price inChina Pilot Emission Trading Scheme: AStructural Time Series Approach5.1 Introduction; 5.2 Relevant Literature; 5.2.1 The Chinese Carbon Market; 5.2.2 Key Determinants ofCarbon Price; 5.3 Preliminary Data Analysis; 5.4 Modeling theCarbon Permit Prices inthePilot Markets; 5.5 Concluding Remarks; References; Chapter 6: The Energy Paradox: Evidence fromRefrigerator Market inChina; 6.1 Introduction; 6.2 Literature Review; 6.3 Research Design; 6.3.1 Econometric Model; 6.3.2 Choice ofVariables; 6.4 Data Description; 6.5 Main Results; 6.6 Conclusion
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| Abstract
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This book comprises a collection of well-researched essays on selected contemporary economic and finance issues in China, making a timely contribution to the intellectual intercourse regarding the implications of China's rise. These essays describe the state of China's ecology, real estate market, outbound capital flows, income inequality, etc., and offer analysis on the policy and institutional causes of those issues. Readers will be able to infer their implications for business opportunities in China and the tradeoff / tension between economic growth and social welfare. Moreover, this book introduces an array of data and data sources useful to scholars and practitioners interested in studying the Chinese model of economic growth. This book will be a valuable resource to journalists and scholars trying to keep track of China's lightning-fast growth. Juann Hung is an Associate Professor at International Business School Suzhou, Xi'an Jiaotong-Liverpool University. She has years of experience as an economist at the Federal Reserve Bank of New York, and then as the lead international analyst at the U.S. Congressional Budget Office. Her research is mainly on policy-related issues, such as effectiveness of foreign exchange intervention, macroeconomic effects of globalization, and the implications of China's growth model. Her research has been published as book chapters, policy and issue briefs, as well as papers in leading research journals. Yang Chen is a Lecturer at International Business School Suzhou, Xi'an Jiaotong-Liverpool University, China. Her research interests mainly include urban economics, Chinese economy and development issues. She has published in leading research journals such as Cambridge Journal of Regions, Economy and Society, Urban Studies, Journal of Regional Science, Economic Letters, International Journal of Finance and Economics, Asia and Pacific Journal of Management, and Economic Modelling.--
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| Subject
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Capitalism-- China.
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BUSINESS ECONOMICS-- Economics-- General.
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BUSINESS ECONOMICS-- Reference.
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Capitalism.
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Economic policy.
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China, Economic policy.
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China.
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| Dewey Classification
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330.1220951
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| LC Classification
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HC427.95
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| Added Entry
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Chen, Yang.
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Hung, Juann H.
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