Stable and Sustainable Growth of a Large Open Economy

Table Of Contents

• Cover Page
• Title Page
• Copyright Page
• Table of Contents
• List of Figures
• List of Tables
• Preface
• Chapter 1 Economic Growth and Policy Choice in China’s “Opening-Up” Period
• 1.1 Introduction
• 1.2 Trade-Oriented Strategy and Economic Growth
• 1.3 Capital Formation Under the Condition of Labor Transfer
• 1.4 Distortion and Risk Accumulation of Trade and Capital Formation Mechanism
• 1.5 A Policy “Mix” with a New “Opening-Up”
• Chapter 2 International Capital Flows, Economic Distortions, and Macro Stability
• 2.1 Introduction
• 2.2 Patterns of International Capital Flow and Non-FDI
• 2.3 Capital Flow Impact, Policy Response, and Economic Distortions
• 2.4 Capital Flows and Macro Stability Model with “Distortion” Factors
• 2.5 Conclusion and Policy Recommendations
• Chapter 3 International Correlation of China’s Economic Cycle
• 3.1 Introduction and Relevant Literature
• 3.2 International Correlation of China’s GDP Cycle: Two Types
• 3.3 Method and Data
• 3.4 The International Correlation of China’s GDP Cycle: Empirical Analysis and Comparison
• 3.5 International Trade and Common Factors
• 3.6 Correlation and Decoupling: Further Analysis
• 3.7 Conclusion
• Chapter 4 External Shocks and Internal Inflation in China
• 4.1 Introduction
• 4.2 Globalization and Inflation: Literature Review
• 4.3 External Shocks to China’s inflation: Mechanisms and “Featured Facts”
• 4.4 Econometric Analysis
• 4.5 Conclusions and Recommendations for Policy Makers
• Chapter 5 Real Estate Cycle and Financial Stability
• 5.1 A Rough Division of China’s Real Estate Cycle
• 5.2 Driving Factors of the New Real Estate Cycle
• 5.3 Quantitative Analysis
• 5.4 Real Estate Cycle and Financial Stability
• 5.5 Conclusion and Policy Recommendation
• Chapter 6 Empirical Analysis of Cross-Border Capital Flows: A Case Study of the “Hong Kong Path”
• 6.1 Introduction
• 6.2 Channels and Scale of Cross-Border Capital Flows between Hong Kong and the Mainland
• 6.3 Analysis of Influencers of the Capital Flow Between Hong Kong and the Mainland
• 6.4 An Econometric Analysis
• 6.5 Conclusions and Policy Recommendations
• Chapter 7 The Impact of the Subprime Crisis on Stock Markets in the Mainland and Hong Kong
• 7.1 Introduction
• 7.2 The Performance of the Stock Markets in the Mainland and Hong Kong: Stylized Facts and Basic Observations
• 7.3 Taking Stock of Relevant Literature
• 7.4 Data and Methods
• 7.5 Results
• 7.6 Conclusions and Policy Recommendations
• Chapter 8 Global Imbalances and Financial Crises: A Perspective of Monetary Hegemony
• 8.1 From Imbalances to Crises: A Historical Review
• 8.2 Literature Review: Traditional and New Perspectives
• 8.3 A Big-Country Model of Imbalance and Crisis: A Perspective of Monetary Hegemony
• 8.4 Conclusions and Policy Recommendations
• Chapter 9 China’s National Comprehensive Liabilities and Market-Oriented Reform
• 9.1 Literature Review and the Characteristics of This Study
• 9.2 Overall Estimation and Dynamic Changes of National Comprehensive Liabilities
• 9.3 Risk Measurement of National Comprehensive Liabilities
• 9.4 Risk Disposition of National Comprehensive Liabilities and Market-Oriented Reform
• 9.5 Conclusions and Policy Recommendations
• Chapter 10 Growth Imbalance and Government Responsibility: A Perspective of Social Expenditure
• 10.1 Government Responsibility: Historical and Theoretical Perspectives
• 10.2 Government Social Expenditure: Status quo and Problems
• 10.3 Government Social Expenditure, Human Capital Accumulation, and Growth
• 10.4 Conclusion and Policy Recommendations
• Chapter 11 Optimal Wealth Distribution and Harmonious Social Welfare Function
• 11.1 Introduction
• 11.2 Consumer Preference, Gini Coefficient, and Optimal Wealth Distribution
• 11.3 Conclusion
• References
• Epilogue