This paper elaborates the changes in key aspects of China's economic structure including industrial structure, demand structure, regional structure, income distribution and foreign trade, discusses the challenges ...This paper elaborates the changes in key aspects of China's economic structure including industrial structure, demand structure, regional structure, income distribution and foreign trade, discusses the challenges confronting China's economic structure, and proposes policy recommendations on addressing these challenges.展开更多
By charting US GDP growth rates beginning from 1953 through the Bush administration of 2008, an inverted “V” pattern appears with 1980 as an approximate pivot point. The observable upward trend of the US economy aft...By charting US GDP growth rates beginning from 1953 through the Bush administration of 2008, an inverted “V” pattern appears with 1980 as an approximate pivot point. The observable upward trend of the US economy after WWII and before 1980 coincides with more active public domestic budgets when compared with budgets after 1980. Political discourse in the late 20th century suggests an economic policy shift away from public investments toward private sector interests which may have contributed to structural changes in the US economy. After charting preand post-1980 US quarterly GDP data, a fifty-six-year naturally occurring quasi-experimental design [1] displays two periods of different economic outcomes. By exploring a plausible contributor to the change in economic trend data using applied math, concerned parties may begin to map out the unknown unknowns of economic performance. This paper uses the best linear unbiased estimator of Gauss and Markov to quantify economic rates of growth in each period. Pearson’s correlation coefficient attempts to characterize mathematically the impact of systemic political change on US economic performance. Finally, a Chow test confirms structural change is afoot. With the help of statistical analysis, this paper explores if the increase in US business majors since 1980 has or has not delivered ever improving US GDP growth from 1980-2008. This work is important as the economic health of a nation over the long run allows nations to protect and provide for their citizens.展开更多
This article seeks to develop a conceptual and policy framework for understanding China＇s role in the global economic imbalances. China＇s contribution to these imbalances via recurrent trade and financial surpluses ...This article seeks to develop a conceptual and policy framework for understanding China＇s role in the global economic imbalances. China＇s contribution to these imbalances via recurrent trade and financial surpluses corresponds with a phase of deepening structural risks to China s economic growth and development. These structural challenges include： the composition of growth resulting from China＇s dynamic internal transformation, China＇s trade orientation, the trajectory of resource use and CO emissions, welfare problems relating to distribution and international constraints. This article develops a conceptual framework for examining the relationship between the processes of long-run structural transformation in China, its economic imbalances, and the role of institutional reform in dealing with these structural challenges. As such, economic policy shouM extend beyond short-term macro management to pursue an institutional reform dgenda to facilitate broader structural change to mitigate constraints to future growth and to improve economic welfare.展开更多
文摘This paper elaborates the changes in key aspects of China's economic structure including industrial structure, demand structure, regional structure, income distribution and foreign trade, discusses the challenges confronting China's economic structure, and proposes policy recommendations on addressing these challenges.
文摘By charting US GDP growth rates beginning from 1953 through the Bush administration of 2008, an inverted “V” pattern appears with 1980 as an approximate pivot point. The observable upward trend of the US economy after WWII and before 1980 coincides with more active public domestic budgets when compared with budgets after 1980. Political discourse in the late 20th century suggests an economic policy shift away from public investments toward private sector interests which may have contributed to structural changes in the US economy. After charting preand post-1980 US quarterly GDP data, a fifty-six-year naturally occurring quasi-experimental design [1] displays two periods of different economic outcomes. By exploring a plausible contributor to the change in economic trend data using applied math, concerned parties may begin to map out the unknown unknowns of economic performance. This paper uses the best linear unbiased estimator of Gauss and Markov to quantify economic rates of growth in each period. Pearson’s correlation coefficient attempts to characterize mathematically the impact of systemic political change on US economic performance. Finally, a Chow test confirms structural change is afoot. With the help of statistical analysis, this paper explores if the increase in US business majors since 1980 has or has not delivered ever improving US GDP growth from 1980-2008. This work is important as the economic health of a nation over the long run allows nations to protect and provide for their citizens.
文摘This article seeks to develop a conceptual and policy framework for understanding China＇s role in the global economic imbalances. China＇s contribution to these imbalances via recurrent trade and financial surpluses corresponds with a phase of deepening structural risks to China s economic growth and development. These structural challenges include： the composition of growth resulting from China＇s dynamic internal transformation, China＇s trade orientation, the trajectory of resource use and CO emissions, welfare problems relating to distribution and international constraints. This article develops a conceptual framework for examining the relationship between the processes of long-run structural transformation in China, its economic imbalances, and the role of institutional reform in dealing with these structural challenges. As such, economic policy shouM extend beyond short-term macro management to pursue an institutional reform dgenda to facilitate broader structural change to mitigate constraints to future growth and to improve economic welfare.
