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China's New Sources of Economic Growth

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ISBN: 9781760461294 Year: Language: Undetermined
Publisher: ANU Press
Subject: Economics --- Languages and Literatures
Added to DOAB on : 2017-09-08 11:01:45
License: ANU Press

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China’s efforts in searching for new sources of growth are increasingly pressing given the persistence of the growth slowdown in recent years. This year’s book elucidates key present macroeconomic challenges facing China’s economy in 2017, and the impacts and readiness of human capital, innovation and technological change in affecting the development of China’s economy. The book explores the development of human capital as the foundations of China’s push into more advanced growth frontiers. It also explores the progress of productivity improvement in becoming the primary mechanism by which China can sustain economic growth, and explains the importance of China’s human capital investments to success on this front. The book demonstrates that technical change is a major contributor to productivity growth; and that invention and innovation are increasingly driving technical change but so far lumpily across regions, sectors and invention motivations. Included are chapters providing an update on reform and macroeconomic development, educational inequality, the role of intangibles in determining China’s economic growth, and China’s progress in transitioning towards being an innovative country. The book also covers the regional dimension of innovation and technological progress by sector: in agricultural productivity, renewable energy and financial markets. Chapters on trade, investment, regional cooperation and foreign aid explore further the mechanisms through which technological change and innovative activities are emerging locally and internationally.

Keywords

macroeconomics --- trade --- china

China’s 40 Years of Reform and Development

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ISBN: 9781760462246 Year: DOI: 10.22459/CYRD.07.2018 Language: English
Publisher: ANU Press
Subject: Environmental Sciences --- Economics --- Languages and Literatures
Added to DOAB on : 2018-09-13 11:01:03
License: ANU Press

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The year 2018 marks 40 years of reform and development in China (1978–2018). This commemorative book assembles some of the world’s most prominent scholars on the Chinese economy to reflect on what has been achieved as a result of the economic reform programs, and to draw out the key lessons that have been learned by the model of growth and development in China over the preceding four decades. This book explores what has happened in the transformation of the Chinese economy in the past 40 years for China itself, as well as for the rest of the world, and discusses the implications of what will happen next in the context of China’s new reform agenda. Focusing on the long-term development strategy amid various old and new challenges that face the economy, this book sets the scene for what the world can expect in China’s fifth decade of reform and development. A key feature of this book is its comprehensive coverage of the key issues involved in China’s economic reform and development. Included are discussions of China’s 40 years of reform and development in a global perspective; the political economy of economic transformation; the progress of marketisation and changes in market-compatible institutions; the reform program for state-owned enterprises; the financial sector and fiscal system reform, and its foreign exchange system reform; the progress and challenges in economic rebalancing; and the continuing process of China’s global integration. This book further documents and analyses the development experiences including China’s large scale of migration and urbanisation, the demographic structural changes, the private sector development, income distribution, land reform and regional development, agricultural development, and energy and climate change policies.

Keywords

China --- Economic --- Macroeconomics --- Development

REFLECTIONS ON MONETARISM: Britain’s Vain Search for a Successful Economic Strategy

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ISBN: 9781852784416 9781788970709 Year: Pages: 304 DOI: 10.4337/9781788970709
Publisher: Edward Elgar Publishing
Subject: Economics --- Business and Management
Added to DOAB on : 2018-01-18 16:15:45
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The last 20 years have seen severe macroeconomic instability in Britain, with three extreme and highly damaging boom-bust cycles. Professor Tim Congdon, one of the City’s most well-known commentators, has been an influential critic of successive governments’ failures in economic policy throughout this period. Reflections on Monetarism brings together his most important academic papers and journalism, including his remarkably prescient series of articles in The Times from 1985 to 1988 forecasting that the Lawson credit boom would wreck the Thatcher Government’s reputation for sound financial management. He presents a powerful argument that the root cause of Britain’s economic instability has been the volatile growth of credit and the money supply.

Keynes, the Keynesians and Monetarism

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ISBN: 9781847201393 9781847206923 Year: Pages: 360 DOI: 10.4337/9781847206923
Publisher: Edward Elgar Publishing
Subject: Business and Management --- Economics
Added to DOAB on : 2018-01-26 12:56:21
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Keynes, the Keynesians and Monetarism is a major contribution to the continuing debate on macroeconomic policy-making. Tim Congdon has been a strong supporter of monetarist economic principles for over 30 years. His writings – in the newspapers and for parliamentary committees, as well as in academic journals – played an influential role in the transformation of British macroeconomic policy in the 1980s and 1990s. This book brings together the main papers written by the author since his 1992 collection, Reflections on Monetarism. It challenges several ‘conventional wisdoms’ about UK macroeconomic policy (and thinking about policy), arguing – for example – that the Keynesians’ advocacy of incomes policy and fiscal activism in the immediate post-war decades did not have a clear basis in Keynes’s own writings. The book denies that the UK had a ‘Keynesian revolution’, in the sense of a deliberately pursued fiscal activism to promote ‘full employment’. Implicit throughout the volume is a distinctive view of how the economy works, with an account of the transmission mechanism (from money to the economy) in which movements in asset prices and aggregate demand are strongly influenced by the quantity of money. Congdon uses this approach to demonstrate that monetary policy has had more powerful effects on macroeconomic activity in the post-war period than fiscal policy. He also suggests that the now fashionable ‘New Keynesian’ view of policy-making acknowledges the primacy of monetary policy and would be better termed ‘output gap monetarism’. In short, Keynes, the Keynesians and Monetarism contends that monetarism defeated Keynesianism in the battle of ideas in the 1970s and 1980s. The achievement of greater macroeconomic stability in the last 15 years is largely due to the impact of monetarist thinking on policy-making.The book is clearly and attractively written, and covers topics that are fundamental to macroeconomic thinking and policy-making. It will be a provocative and appealing read for scholars at all levels of economics, macroeconomics and monetary theory. It will also find an audience among policymakers in central banks and finance ministries, business economists working in companies, and financial economists in the City of London and other centres.

Bioeconomy: Shaping the Transition to a Sustainable, Biobased Economy

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ISBN: 9783319681511 9783319681528 Year: Pages: 356 DOI: https://doi.org/10.1007/978-3-319-68152-8 Language: English
Publisher: Springer
Subject: Agriculture (General)
Added to DOAB on : 2018-03-29 10:56:15
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This book defines the new field of "Bioeconomy" as the sustainable and innovative use of biomass and biological knowledge to provide food, feed, industrial products, bioenergy and ecological services. The chapters highlight the importance of bioeconomy-related concepts in public, scientific, and political discourse. Using an interdisciplinary approach, the authors outline the dimensions of the bioeconomy as a means of achieving sustainability.

Unit Roots and Structural Breaks

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ISBN: 9783038428114 9783038428121 Year: Pages: VI, 162 Language: English
Publisher: MDPI - Multidisciplinary Digital Publishing Institute
Subject: Economics --- Mathematics
Added to DOAB on : 2018-04-13 15:24:38
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This book deals with problems related to unit roots and structural change, and the interplay between the two. The research agenda dealing with these topics have proved to be of importance to devise procedures that are reliable for inference and forecasting. Several important contributions have been made. Still, there is scope for improvements to and analyses of the existing procedures. This book provides contributions that follow up on what has been done and/or offer new perspectives on such issues and related ones.

Formalizing the Shadow Economy in Serbia: Policy Measures and Growth Effects

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Book Series: Contributions to Economics ISBN: 9783319134369 9783319134376 Year: Pages: 179 DOI: 10.1007/978-3-319-13437-6 Language: English
Publisher: Springer
Subject: Business and Management --- Manufactures --- Economics
Added to DOAB on : 2016-04-12 15:41:47
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The main objective of this book is to develop a strategy and policy measures to enhance the formalization of the shadow economy in order to improve the competitiveness of the economy and contribute to economic growth; it explores these issues with special reference to Serbia. The size and development of the shadow economy in Serbia and other Central and Eastern European countries are estimated using two different methods (the MIMIC method and household-tax-compliance method). Micro-estimates are based on a special survey of business entities in Serbia, which for the first time allows us to explore the shadow economy from the perspective of enterprises and entrepreneurs. The authors identify the types of shadow economy at work in business entities, the determinants of shadow economy participation, and the impact of competition from the informal sector on businesses. Readers will learn both about the potential fiscal effects of reducing the shadow economy to the levels observed in more developed countries and the effects that formalization of the shadow economy can have on economic growth.

Greening the Financial Sector: How to Mainstream Environmental Finance in Developing Countries

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ISBN: 9783642050862 9783642050879 Year: Pages: 249 DOI: 10.1007/978-3-642-05087-9 Language: English
Publisher: Springer
Subject: Manufactures --- Business and Management --- Economics
Added to DOAB on : 2012-08-16 16:43:16
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Environmental finance, particularly energy efficiency and renewable energy (EERE) finance, can and should serve as an interface to other sub-sectors of financial sector promotion such as microfinance, housing finance or agricultural finance. For example, existing clients of financial institutions include small and medium-sized enterprises and households, and these are often suffering from high energy prices or have no access to sustainable energy supply. At the same time, these clients are vulnerable to extreme weather events, and often hit hardest by the impact of climate change. There are many other examples which show that the financial sector has an enormous potential to support “green” investments. In order to tap this potential on a sustainable basis, it is important to have a sound understanding which role financial institutions can and should play.This book provides a blend of well-founded professional and scientific perspectives on the potential of Environmental finance in developing and transition countries.

Practical Economics: Economic Transformation and Government Reform in Georgia 2004–2012

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ISBN: 9783319457680 9783319457697 Year: Pages: 213 DOI: 10.1007/978-3-319-45769-7 Language: English
Publisher: Palgrave Macmillan
Subject: Economics
Added to DOAB on : 2017-03-10 17:05:55
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In this book, Nika Gilauri reveals his formulas for government reform and economic recovery, including how to fight against corruption, reform fiscal policy and tax systems, privatize state-owned enterprises, build a welfare system for those most in need, create a competitive education and healthcare system, and streamline procurement. All formulas are corroborated by practical experience and empirical evidence gathered during Mr Gilauri's term as a cabinet member (2004-2009) and prime minister (2009-2012) of Georgia, and provide an in-depth view of what worked in the case of Georgia since 2003, and how lessons learned could be applied in other parts of the world.

Microfinance 3.0: Reconciling Sustainability with Social Outreach and Responsible Delivery

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ISBN: 9783642417030 9783642417047 Year: Pages: 199 DOI: 10.1007/978-3-642-41704-7 Language: English
Publisher: Springer
Subject: Manufactures --- Business and Management
Added to DOAB on : 2014-02-28 09:49:18
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This book focuses on the achievements, current trends and further potential of microfinance to scale-up and serve many more clients with financial services that enable them to improve their living conditions. The book asks what it takes to achieve sustainable impact: to know your clients and to understand their needs, to treat them in a fair and transparent way, and to safeguard the synthesis between the financial and social dimension of sustainable microfinance. The book also sheds light on the future funding landscape and what is necessary to bring more commercial funders on board while ensuring that these new funders will continue the commitment to responsible finance. While being forward looking, the book reflects the debate on core values of microfinance, triggered by recent criticisms of an approach that was hailed as a panacea in the beginning and which had proved over time as one of the most effective models of development finance. These criticisms emerged over signs of overheating in some markets, particularly the 2010 events in Andhra Pradesh, and turned into an assumption of a worldwide microfinance crisis, putting seriously at stake the good reputation microfinance had enjoyed so far.

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