Download celie-0005

Page 1
CELIE-0005
國立政治大學
中國大陸研究中心
中國經濟資料庫
CHINA ECONOMIC DATABASES, CENTER FOR CHINA STUDIES, NATIONAL CHENGCHI UNIVERSITY
Chen-yuan Tung Professor, Graduate Institute of Development Studies
Amy T. Mah
Research Associate, China Economic Databases
Guo-chen Wang
PhD Student, Graduate Institute of Development Studies
2010 年 3 月
This issue contains updates from exiting journals in China Economic Literature Index
and newly compiled CELIE literatures from journals in SSCI and ECONLIT dated
January 2008 to March 2010. For Taiwanese and Chinese Journals please refer to the
Chinese version of China Economic Literature Index.
I.
China Economic Literature Index – English
…………….……………… 01-09
II.
China Economic Literature Index and Abstract – English
…………….. 09-44
I. Latest English Journal Publications
Zhang, Qian Forrest, John Donaldson, “The Rise of Agrarian Capitalism with
Chinese Characteristics: Agricultural Modernization, Agribusiness and
Collective Land Rights,” China Journal, Vol. 60, (July 2008), pp. 25-47.
Lin, Kun-Chin, “Macroeconomic Disequilibria and Enterprise Reform: Restructuring
the Chinese Oil and Petrochemical Industries in the 1990s,” China Journal, Vol. 60,
(July 2008), pp. 49-79.
Womack, Brantly, “China between Region and World,” China Journal, Vol. 61,
(January 2009), pp.1-20.
Liu, Chengfang, Linxiu Zhang, Renfu Luo, and Scott Rozelle, “Infrastructure
China Economic Literature Index
March 2010
Page 2
Investment in Rural China: Is Quality being Compromised during Quantity
Expansion?” China Journal, Vol. 61, (January 2009), pp. 105-129.
Chan, Anita, and Jonathan Unger, “A Chinese State Enterprise under the Reforms:
What Model of Capitalism?” China Journal, Vol. 62, (July 2009), pp. 1-26.
Choi, Eun Kyong, “The Politics of Fee Extraction from Private Enterprises, 1996-2003,”
China Journal, Vol. 62, (July 2009), pp. 79-102.
Kong, Shuyu, “Cultural Propaganda in the Age of Economic Reform: Popular Media
and the Social Construction of Shanxi Merchants in Contemporary China,” China
Journal, Vol. 63, (January 2010), pp. 79-99.
Deng, Guosheng, and Scott Kennedy, “Big Business and Industry Association
Lobbying in China: The Paradox of Contrasting Styles,” China Journal, Vol. 63,
(January 2010), pp. 101-125.
Chen, A., “Reducing China's Regional Disparities: Is There a Growth Cost?” China
Economic Review, Vol. 21, No. 1, (March 2010), pp. 2-13.
Li, C., “Savings, Investment, and Capital Mobility within China,” China Economic
Review, Vol. 21, No. 1, (March 2010), pp. 14-23.
Sun, L., J.L. Ford, and D.G. Dickinson, “Bank loans and the Effects of Monetary
Policy in China: VAR/VECM Approach,” China Economic Review, Vol. 21, No. 1,
(March 2010), pp. 65-97.
Whalley, J., and X. Xin, “China's FDI and non-FDI Economies and the Sustainability
of Future High Chinese Growth,” China Economic Review, Vol. 21, No. 1, (March
2010), pp. 123-135.
Deng, Kent G., “Symposium: Lessons from Chinese Economic History: Miracle or
Mirage? Foreign Silver, China's Economy and Globalization from the Sixteenth to
the Nineteenth Centuries,” Pacific Economic Review, Vol. 13, No. 3, (August 2008),
pp. 320-58.
Peng, Xiujian, “Demographic Shift, Population Ageing and Economic Growth in
China: A Computable General Equilibrium Analysis,” Pacific Economic Review,
Vol. 13, No. 5, (December 2008), pp. 680-97.
Wong, R. Bin, “Symposium: Lessons from Chinese Economic History:
Transformations of China's Post-1949 Political Economy in an Historical
Perspective,” Pacific Economic Review, Vol. 13, No. 3, (August 2008), pp. 291-307.
CHINA ECONOMIC LITERATURE INDEX
March 2010
Page 3
Tyers, Rod, Iain Bain, and Yongxiang Bu, “China's Equilibrium Real Exchange Rate:
A Counterfactual Analysis,” Pacific Economic Review, Vol. 13, No. 1, (February
2008), pp. 17-39.
Narayan, Paresh Kumar, and Seema Narayan, “Do Permanent Shocks Explain
Income Levels? A Common Cycle-Common Trend Analysis of Regional Income
Levels for China,” Pacific Economic Review, Vol. 13, No. 5, (December 2008), pp.
656-662.
Flynn, Dennis O., and Arturo Giraldez, “Symposium: Lessons from Chinese
Economic History: Born Again: Globalization's Sixteenth Century Origins
(Asian/Global versus European Dynamics),” Pacific Economic Review, Vol. 13,
No. 3, (August 2008), pp. 359-87.
Peng, Wensheng, Dickson C. Tam, and Matthew S. Yiu, “Property Market and the
Macroeconomy of Mainland China: A Cross Region Study,” Pacific Economic
Review, Vol. 13, No. 2, (May 2008), pp. 240-258.
Sun, Jianjun, and Nobuyoshi Yamori, “Regional Disparities and Investment-Cash
Flow Sensitivity: Evidence from Chinese Listed Firms,” Pacific Economic Review,
Vol. 14, No. 5, (December 2009), pp. 657-67.
Ikawa, Motomichi, “Reform of the International Monetary System Based on Special
Drawing Rights and Its Implications for Asia,” Pacific Economic Review, Vol. 14,
No. 5, (December 2009), pp. 668-81.
He, Dong, Zhiwei Zhang, and Wenlang Zhang, “How Large Will Be the Effect of
China's Fiscal Stimulus Package on Output and Employment?” Pacific Economic
Review, Vol. 14, No. 5, (December 2009), pp. 730-44.
Cheung, Yin-Wong, and Xingwang Qian, “Empirics of China's Outward Direct
Investment,” Pacific Economic Review, Vol. 14, No. 3, (August 2009), pp. 312-41.
Frankel, Jeffrey A., “The Symposium on 'China's Impact on the Global Economy':
New Estimation of China's Exchange Rate Regime,” Pacific Economic Review, Vol.
14, No. 3, (August 2009), pp. 346-60.
Thomas, Charles P., Jaime Marquez, and Sean Fahle, “The Symposium on 'China's
Impact on the Global Economy': Measures of International Relative Prices for
China and the USA,” Pacific Economic Review, Vol. 14, No. 3, (August 2009), pp.
376-97.
Thorbecke, Willem and Hanjiang Zhang, “The Symposium on 'China's Impact on the
China Economic Literature Index
March 2010
Page 4
Global Economy': The Effect of Exchange Rate Changes on China's
Labour-Intensive Manufacturing Exports,” Pacific Economic Review, Vol. 14, No. 3,
(August 2009), pp. 398-409.
Chien, Shiuh-Shen, “Local Responses to Globalization in China: A Territorial
Restructuring Process Perspective,” Pacific Economic Review, Vol. 13, No. 4,
(October 2008), pp. 492-517.
Ma, Guonan, Robert N. McCauley, “Efficacy of China's Capital Controls: Evidence
from Price and Flow Data,” Pacific Economic Review, Vol. 13, No. 1, (February
2008), pp. 104-23.
Zhao, Suisheng, “China’s Global Search for Energy Security: Cooperation and
Competition in Asia-Pacific,” Journal of Contemporary China, Vol. 17, No. 55,
(2008), pp. 207-227.
Pollack, Jonathan, “Energy Insecurity with Chinese and American Characteristics:
Implications for Sino-American Relations,” Journal of Contemporary China, Vol. 17,
No. 55, (2008), pp. 229-245.
Andrews-Speed, Philip and Xin Ma, “Energy Production and Social Marginalisation
in China,” Journal of Contemporary China, Vol. 17, No. 55, (2008), pp. 247-272.
Zweig, David, and Shulan Ye, “A Crisis is Looming: China's Energy Challenge in the
Eyes of University Students,” Journal of Contemporary China, Vol. 17, No. 55,
(2008), pp. 273-296.
Cheng, Joseph, “A Chinese View of China's Energy Security, “Journal of Contemporary
China, Vol. 17, No. 55, (2008), pp. 297-317.
Guo, Yingjie, “Domestic Openness in post-WTO China: Central and Local
Perspectives,” Journal of Contemporary China, Vol. 17, No. 55, (2008), pp. 339-359.
Hamid, Javed, and Stoyan Tenev, “Transforming China's Banks: the IFC's
Experience,” Journal of Contemporary China, Vol. 17, No. 56, (2008), pp. 449-468.
Zhang, Yiwu, “Cultural Challenges of Globalization, Journal of Contemporary China,
Vol. 17, No. 57, (November 2008), pp. 733-746.
Cheung, Gordon, “Made in China vs. Made by Chinese: Global Identities of Chinese
Business,” Journal of Contemporary China, Vol. 18, No. 58, (January 2009), pp. 1–5.
Pan, Chengxin, “What is Chinese about Chinese Businesses? Locating the 'Rise of
China' in Global Production Networks,” Journal of Contemporary China, Vol. 18,
CHINA ECONOMIC LITERATURE INDEX
March 2010
Page 5
No. 58, (January 2009), pp. 7–25.
Ravenhill, John, and Yang Jiang, “China's Move to Preferential Trading: a New
Direction in China's Diplomacy,” Journal of Contemporary China, Vol. 18, No. 58,
(January 2009), pp. 27–46.
Jacobsen, Michael, “Navigating between Disaggregating Nation States and
Entrenching Processes of Globalisation: Reconceptualising the Chinese Diaspora
in Southeast Asia,” Journal of Contemporary China, Vol. 18, No. 58, (January 2009),
pp. 69–91.
Gibson, Neil, “The Privatization of Urban Housing in China and its Contribution to
Financial System Development,” Journal of Contemporary China, Vol. 18, No. 58,
(January 2009), pp. 175–184.
Xiao, Ren, “Between Adapting and Shaping: China's Role in Asian Regional
Cooperation,” Journal of Contemporary China, Vol. 18, No. 59, (March 2009), pp.
303–320.
Das, Dilip, “A Chinese Renaissance in an Unremittingly Integrating Asian Economy,”
Journal of Contemporary China, Vol. 18, No. 59, (March 2009), pp. 321–338.
Stalley, Phillip, “Can Trade Green China? Participation in the Global Economy and
the Environmental Performance of Chinese Firms,” Journal of Contemporary China,
Vol. 18, No. 61, (September 2009), pp. 567–590.
Wong, Timothy, Po-San Wan, and Kenneth Law, “Public Perceptions of Income
Inequality in Hong Kong: Trends, Causes and Implications,” Journal of
Contemporary China, Vol. 18, No. 61, (September 2009), pp. 657–673.
Yeo, Yukyung, “Remaking the Chinese State and the Nature of Economic
Governance? The Early Appraisal of the 2008 'Super-Ministry' Reform,” Journal of
Contemporary China, Vol. 18, No. 62, (November 2009), pp. 729–743.
Adams, Bill, “Macroeconomic Implications of China Urban Housing Privatization,
1998-1999,” Journal of Contemporary China, Vol. 18, No. 62, (November 2009), pp.
881–888.
Yao, Shujie, Dan Luo, and Stephen Morgan, “Impact of the US Credit Crunch and
Housing Market Crisis on China,” Journal of Contemporary China, Vol. 19, No. 64,
(March 2010), pp. 401–417.
Gerlach-Kristen, Petra, “Business Cycle and Inflation Synchronisation in Mainland
China and Hong Kong,” International Review of Economics & Finance, Vol. 18, No. 3,
China Economic Literature Index
March 2010
Page 6
(June 2009), pp. 404-418.
Bontempi, Maria Elena, “Entry Strategies into China: The Choice between Joint
Ventures and Wholly Foreign-Owned Enterprises: An Application to the Italian
Manufacturing Sector,” International Review of Economics & Finance, Vol. 18, No. 1,
(January 2009), pp. 11-19.
Cooka, David E., and Michael B. Devereuxb, “Introduction to the Special Issue of
IREF on Macroeconomics of Asia,” International Review of Economics & Finance,
Vol. 18, No. 3, (June 2009), pp. 363-365.
Gamra, Saoussen Ben, “Does Financial Liberalization Matter for Emerging East Asian
Economies Growth? Some New Evidence,” International Review of Economics &
Finance, Vol. 18, No. 3, (June 2009), pp. 392-403.
Munro, Anella, “A Review of Capital Controls and Capital Flows in Emerging
Economies: Policies Practices and Consequences,” International Review of
Economics & Finance, Vol. 18, No. 1, (January 2009), pp. 172-174.
Guoa, Feng, and Ying Sophie Huang, “Does “Hot money” Drive China's Real Estate
and Stock Markets?” International Review of Economics & Finance, Vol. 19, Vol. 3,
(June 2010), pp. 452-466.
Donga, Jing, and Yan-nan Gou, “Corporate Governance Structure, Managerial
Discretion, and the R&D Investment in China,” International Review of Economics
& Finance, Vol. 19, No. 2, (April 2010), pp. 180-188.
Jalila, Abdul, Mete Feridunb, and Ying Maa, “Finance-Growth Nexus in China
Revisited: New Evidence from Principal Components and ARDL Bounds Tests,”
International Review of Economics & Finance, Vol. 19, No. 2, (April 2010), pp.
189-195.
Liena, Donald, and Yulu Chenb, “Recent Development in China's Financial Markets:
An Introduction,” International Review of Economics & Finance, Vol. 19, No. 2,
(April 2010), pp. 177-179.
Laia, YiHao, and Jen-Ching Tsengb, “The Role of Chinese Stock Market in Global
Stock Markets: A Safe Haven or a Hedge?” International Review of Economics &
Finance, Vol. 19, No. 2, (April 2010), pp. 211-218.
Duara, Prasenjit, “History and Globalization in China's Long Twentieth Century,”
Modern China, Vol. 34, No. 1, (January 2008), pp. 152-164.
Junya, Ma, “Traditional Finance and China's Agricultural Trade, 1920-1933,” Modern
CHINA ECONOMIC LITERATURE INDEX
March 2010
Page 7
China, Vol. 34, No. 3, (July 2008), pp. 344-371.
Gang, Fan, and Wing Thye Woo, “The Parallel Partial Progression (PPP) Approach to
Institutional Transformation in Transition Economies,” Modern China, Vol. 35, No.
4, (July 2009), pp. 352–369.
Huang, Philip C. C., “China's Neglected Informal Economy,” Modern China, Vol. 35,
No. 4, (July 2009), pp. 405–438.
Bramall, Chris, “Out of the Darkness,” Modern China, Vol. 35, No. 4, (July 2009), pp.
439–449.
Heilmann, Sebastian, “Maximum Tinkering under Uncertainty,” Modern China, Vol.
35, No. 4, (July 2009), pp. 450–462.
Pannell, Clifton W., “China's Economic and Political Penetration in Africa,” Eurasian
Geography and Economics, Vol. 49, No. 6, (December 2008), pp. 706-730.
Yeung, Yue-man, Joanna Lee, and Gordon Kee, “China's Special Economic Zones at
30,” Eurasian Geography and Economics, Vol. 50, No. 2, (April 2009), pp. 222-240.
Yeung, Henry, and Wai-chung, “Observations on China's Dynamic Industrial Sector,”
Eurasian Geography and Economics, Vol. 49, No. 5, (October 2008), pp. 509-522.
Veeck, Gregory, “China's Exports and Imports of Agricultural Products under the
WTO,” Eurasian Geography and Economics, Vol. 49, No. 5, (October 2008), pp.
569-585.
Malle, Silvana, “Economic Transformation in Russia and China: How Do We
Compare Success?” Eurasian Geography and Economics, Vol. 49, No. 4, (August
2008), pp. 410-444.
Aslund, Anders, Penelope B. Prime, “Economic Transformation in Russia and China:
Two Comments on A Comparison,” Eurasian Geography and Economics, Vol.
49, No. 4, (August 2008), pp. 445-456.
He, Canfei, and Rong Fu, “Foreign Banking in China: A Study of 279 Branch Units in
32 Cities,” Eurasian Geography and Economics, Vol. 49, No. 4, (August 2008), pp.
457-480.
Liu, Weidong, Wei Wu, “Development of Local Financial Systems in Mainland
China,” Eurasian Geography and Economics, Vol.49, No. 2, (April 2008), pp.
160-179.
Gaubatz, Piper, “Commercial Redevelopment and Regional Inequality in Urban
China Economic Literature Index
March 2010
Page 8
China: Xining's Wangfujing?” Eurasian Geography and Economics, Vol. 49, No. 2,
(April 2008), pp. 180-199.
Shen, Jianfa, “Hong Kong under Chinese Sovereignty: Economic Relations with
Mainland China, 1978-2007,” Eurasian Geography and Economics, Vol. 49, No.
3, (June 2008), pp. 326-340.
Yeung, Henry Wai-Chung, and Weidong Liu, “Globalizing China: The Rise of
Mainland Firms in the Global Economy,” Eurasian Geography and Economics, Vol.
49, No. 1, (February 2008), pp. 57-86.
Miao, Chang-Hong, Yehua Dennis Wei, and Haitao Ma, “Technological Learning and
Innovation in China in the Context of Globalization,” Eurasian Geography and
Economics, Vol. 48, No. 6, (December 2007), pp. 713-732.
Prime, Penelope B., “China and India Enter Global Markets: A Review of
Comparative Economic Development and Future Prospects,” Eurasian Geography
and Economics, Vol. 50, No. 6, (December 2009), pp. 621-642.
Thomson, Elspeth, and Horii N, “China's Energy Security: Challenges and Priorities
Source,” Eurasian Geography and Economics, Vol. 50, No. 6, (December 2009),
pp. 643-664.
Lin, George C. S., “Understanding Land Development Problems in Globalizing
China Source,” Eurasian Geography and Economics, Vol. 51, No. 1, (January 2010),
pp. 80-103.
Liu, Weidong, Clifton W. Pannell, and Hongguang Liu, “The Global Economic Crisis
and China's Foreign Trade Source,” Eurasian Geography and Economics, Vol.
50, No. 5, (October 2009), pp. 497-512.
Cai, Fang, and Kam Wing Chan, “The Global Economic Crisis and Unemployment in
China Source,” Eurasian Geography and Economics, Vol. 50, No. 5, (October 2009),
pp. 513-531.
Chou, Kuang-Hann, Chien-Hsun Chen, and Chao-Cheng Mai, “A Geospatial
Analysis of China's Exports, 1991-2008,” Eurasian Geography and Economics, Vol.
50, No. 5, (October 2009), pp. 532-546.
Yang, Chonglin, and Jessie P. H. Poon, “A Regional Analysis of China's Green GDP,”
Eurasian Geography and Economics, Vol. 50, No. 5, (October 2009), pp. 547-563.
Kaminski, Bartlomiej, and Gael Raballand, “Entrepot for Chinese Consumer Goods
in Central Asia: The Puzzle of Re-exports through Kyrgyz Bazaars,” Eurasian
CHINA ECONOMIC LITERATURE INDEX
March 2010
Page 9
Geography and Economics, Vol. 50, No. 5, (October 2009), pp. 581-590.
Wang, Enru, “The Service Sector in the Chinese Economy: A Geographic Appraisal,”
Eurasian Geography and Economics, Vol. 50, No. 3, (June 2009), pp. 275-300.
II. Latest English Journal Publications and Abstract
Zhang, Qian Forrest, John Donaldson, “The Rise of Agrarian Capitalism with
Chinese Characteristics: Agricultural Modernization, Agribusiness and
Collective Land Rights,” China Journal, Vol. 60, (July 2008), pp. 25-47.
Abstract: The article discusses the agricultural transformation taking place in the
rural areas of China. Details about the Chinese laws regarding rural
reform and the effect they have had on rural Chinese farmers and families
are included. The authors examine the expansion of agrarian capitalism in
China and describe the rise of agribusiness in rural Chinese areas. The
practices of Chinese agribusinesses and the Chinese land rights laws are
explored. The relationships between individual farmers and
agribusinesses is also examined.
Lin, Kun-Chin, “Macroeconomic Disequilibria and Enterprise Reform: Restructuring
the Chinese Oil and Petrochemical Industries in the 1990s,” China Journal, Vol. 60,
(July 2008), pp. 49-79.
Abstract: The article discusses the restructuring of oil and petrochemical industries
in China during the time of former Chinese Premier Zhu Rongji. Details
are provided about the restructuring plan, which included consolidating
state-owned enterprises and Westernizing corporate organization. The
disequilibrium in the Chinese oil and petrochemical industries is explored
and the affect of Rongji on these industries is also examined. The political
and economic factors, such as oil self-sufficiency and the development of
the surplus economy, which led to this restructuring are also described.
Womack, Brantly, “China between Region and World,” China Journal, Vol. 61,
(January 2009), pp.1-20.
Abstract: This article reports on China's foreign relations in terms of how they are
influenced by external pressures. China is discussed as a region-state due
to its size and population, a multi-regional power, and a global presence.
The article discusses these three dimensions of China and how they affect
its foreign relations with the U.S. and Nepal and, in turn, their views on
China. Information is also presented on autonomy, foreign policy,
multipolarity, and international cooperation for mutually beneficial
objectives.
China Economic Literature Index
March 2010
Page 10
Liu, Chengfang, Linxiu Zhang, Renfu Luo, and Scott Rozelle, “Infrastructure
Investment in Rural China: Is Quality being Compromised during Quantity
Expansion?” China Journal, Vol. 61, (January 2009), pp. 105-129.
Abstract: This article reports on the rural infrastructure of China and its investment
gains in the 2000s. The article discusses plans laid out by the Chinese
government to develop policy initiatives for road development, water and
irrigation facilities, and electricity and telecommunication infrastructures.
The article also discusses the importance of high quality initiatives, noting
that a low quality infrastructure can reduce quality of life and productivity.
Information is also provided on labor, poverty alleviation, and the
satisfaction of the rural population.
Chan, Anita, and Jonathan Unger, “A Chinese State Enterprise under the Reforms:
What Model of Capitalism?” China Journal, Vol. 62, (July 2009), pp. 1-26.
Abstract: The article explores the nature of Chinese state enterprises as capitalistic
ventures through the study of a successful distillery from the 1980s
through 2009. The information gathered from interviews with five dozen
distillery workers conducted between 2002 and 2004 about working
conditions is assessed. Distillery operations are compared against
neoliberal and organization-oriented industrial models of capitalism. The
decision to bestow and expand a range of benefits to employees in the
early 2000s is examined. The views of distillery management regarding
life-time employment, in-house training, and work-year pay are
discussed.
Choi, Eun Kyong, “The Politics of Fee Extraction from Private Enterprises, 1996-2003,”
China Journal, Vol. 62, (July 2009), pp. 79-102.
Abstract: The article examines the problems facing private enterprises in China and
the impact of government policies on private business development.
Particular attention is paid to the problem of fee extraction by local
governments and how these fees differ from user-charges by functioning
like quasi-taxes that tend to be negotiable. A major obstacle that arbitrary
fee extraction poses for private sector development is a potential
decreased incentive for investment. However, it is argued that the side
effects of a lightly regulated fee system has been mitigated by the fostering
of unique ties between local political leaders and entrepreneurs, especially
businessmen with positions in formal political organizations.
Kong, Shuyu, “Cultural Propaganda in the Age of Economic Reform: Popular Media
and the Social Construction of Shanxi Merchants in Contemporary China,”
CHINA ECONOMIC LITERATURE INDEX
March 2010
Page 11
China Journal, Vol. 63, (January 2010), pp. 79-99.
Abstract: The article discusses popular media and the social construction of Shanxi
merchants in contemporary China. Media coverage on topics related to
Shanxi merchants is examined. The author explores the social and political
uses of the Chinese popular media in promoting the market economy and
reforming national subjectivity. The author focuses on the production and
promotion of the television documentary "Shanxi Merchants," and the
television drama "Qiao Family Compound." A correlation between the
formation of the Shanxi merchants and the reconfiguring of social,
political, and economic relations in China's economic reform.
Deng, Guosheng, and Scott Kennedy, “Big Business and Industry Association
Lobbying in China: The Paradox of Contrasting Styles,” China Journal, Vol. 63,
(January 2010), pp. 101-125.
Abstract: The article discusses big business and industry association lobbying in
China. The article attempts to develop a comprehensive and systematic
way to analyze business lobbying in China. The author stresses that
business lobbying is an integral part of the country's policy process at both
the local and national levels. The author explains that "lobbying" is now
associated with domestic companies. The effect of corporate influence on
the broader economy is examined. The author reviews extant research on
government-business relations in China to identify progress to date.
Chen, A., “Reducing China's Regional Disparities: Is There a Growth Cost?” China
Economic Review, Vol. 21, No. 1, (March 2010), pp. 2-13.
Abstract: While China's growth has been spectacular over the past 30years, it has
masked growing underlying disparities in the regional distribution of
income with coastal provinces growing at a much faster rate than the rest
of the country, exacerbating already marked differences in per capita
income. Policy focused on addressing these growing disparities has had to
face the possibility that spreading growth more evenly around the country
will require a sacrifice of the national growth rate. Yet there is almost no
empirical evidence that this is so and, if it is, how big the required sacrifice
is. This paper contributes to filling this gap by analyzing the relationship
between aggregate growth and the inequality of regional output
distribution. We use a VAR model to simulate the effects over time on
growth of a reduction in inequality and also the effects on inequality of an
increase in growth. We find, first, that in the long run a more equal
distribution can be obtained without a growth sacrifice. Second, in the
China Economic Literature Index
March 2010
Page 12
short run a reduction in inequality reduces growth. Third, in the short and
long runs an increase in growth actually reduces inequality.
Li, C., “Savings, Investment, and Capital Mobility within China,” China Economic
Review, Vol. 21, No. 1, (March 2010), pp. 14-23.
Abstract: This paper addresses the capital mobility among regions within China.
Using a range of panel estimators which deals with the non-stationarity of
time series components, individual heterogeneity and common
unobserved factors, we show that the savings and investment (both
expressed as ratios to GDP) are positively correlated for a sample of 28
Chinese provinces over the period of 1978 to 2006. According to the
Feldstein-Horioka's argument (1980, Economic Journal (90), pp.314-329),
such a correlation can be interpreted as evidence of low capital mobility.
In addition, by means of Granger causality test, we fail to provide
consistent evidence to support the hypothesis of efficient capital allocation
in China. Combining the results given above, it is believed that the capital
may be inefficiently retained within the provincial confines. We conjecture
that the intermarriage between financial power and local authorities is
primarily responsible for this worrying phenomenon.
Sun, L., J.L. Ford, and D.G. Dickinson, “Bank Loans and the Effects of Monetary
Policy in China: VAR/VECM approach,” China Economic Review, Vol. 21, No. 1,
(March 2010), pp. 65-97.
Abstract: In this paper, we test the differential effects of monetary policy shock on
aspects of banks' balance sheets (deposits, loans, and securities) across
bank categories (aggregate banks, state banks, and non-state banks) as
well as on macroeconomic variables (output, consumer price index,
exports, imports, and foreign exchange reserves). We do so by estimating
VAR/VEC Models to uncover the transmission mechanisms of China's
monetary policy. Also we identify the cointegrating vectors to establish
the long-run relationship between these variables. By using monthly
aggregate bank data and disaggregated data on bank and loan types from
1996 to 2006, our study suggests the existence of a bank lending channel,
an interest rate channel and an asset price channel. Furthermore, we
discuss and explore the distribution and growth effects of China's
monetary policy on China's real economy. In addition, we investigate the
effects of China's monetary policy on China's international trade. Finally,
we identify the cointegrating vectors among these variables and set up
VEC Models to uncover the long-run relationships that connect the
CHINA ECONOMIC LITERATURE INDEX
March 2010
Page 13
indicators of monetary policy, bank balance sheet variables and the
macroeconomic variables in China.
Whalley, J., and X. Xin, “China's FDI and non-FDI Economies and the Sustainability
of Future High Chinese Growth,” China Economic Review, Vol. 21, No. 1, (March
2010), pp. 123-135.
Abstract: This paper presents and assesses of the contribution of inward FDI to
China's recent rapid economic growth using a two stage growth
accounting approach. Recent econometric literature focuses on testing
whether Chinese growth depends on inward FDI rather than measuring
the contribution. Foreign Invested Enterprises (FIEs), often (but not
exclusively) are joint ventures between foreign companies and Chinese
enterprises, and can be thought of as forming a distinctive subpart of the
Chinese economy. These enterprises account for over 50% of China's
exports and 60% of China's imports. Their share in Chinese GDP has been
over 20% in the last two years, but they employ only 3% of the workforce,
since their average labor productivity exceeds that of Non-FIEs by around
9:1. Their production is more heavily for export rather than the domestic
market because FIEs provide access to both distribution systems abroad
and product design for export markets. Our decomposition results
indicate that China's FIEs may have contributed over 40% of China's
economic growth in 2003 and 2004, and without this inward FDI, China's
overall GDP growth rate could have been around 3.4 percentage points
lower. We suggest that the sustainability of both China' export and overall
economic growth may be questionable if inward FDI plateaus in the
future.
Deng, Kent G., “Symposium: Lessons from Chinese Economic History: Miracle or
Mirage? Foreign Silver, China's Economy and Globalization from the Sixteenth
to the Nineteenth Centuries,” Pacific Economic Review, Vol. 13, No. 3, (August
2008), pp. 320-58.
Abstract: Ming-Qing China has been seen as positioned at the very centre of the
process of early globalization partly due to China's huge appetite for
foreign silver for its own commercialization. The findings of this study
challenge this view head on by showing that not only did China not
import and use nearly as much foreign silver as commonly imagined,
silver moved into and also out of China. It served at best as a secondary
currency and often worked on a barter basis. The sector which retained
the lion's share was the pawnshop for short-term credit mainly for
China Economic Literature Index
March 2010
Page 14
consumption.
Peng, Xiujian, “Demographic Shift, Population Ageing and Economic Growth in
China: A Computable General Equilibrium Analysis,” Pacific Economic Review,
Vol. 13, No. 5, (December 2008), pp. 680-97.
Abstract: Using a computable general equilibrium (CGE) model and a given ageing
profile of the population to forecast the growth path of China's economy
during the twenty-first century, this study finds that: population ageing
leads to declining economic growth as labour supply shrinks and the rate
of physical capital formation declines; households' material living
standards improve, albeit at a declining rate; falling domestic investment
partially offsets declining national savings; and the resulting
saving-investment surplus generates a current account surplus and capital
outflows. Finally, the main force that can sustain China's economic growth
against the backdrop of population ageing is productivity improvement.
Wong,
R.
Bin,
“Symposium:
Lessons
from
Chinese
Economic
History:
Transformations of China's Post-1949 Political Economy in an Historical
Perspective,” Pacific Economic Review, Vol. 13, No. 3, (August 2008), pp. 291-307.
Abstract: This article lays out three different historical perspectives on China's
post-1978 economic reform era. It argues that historical perspectives allow
us to apprehend features of the Chinese economy as they are formed in
particular moments and contexts at the same time as we can appreciate the
ways in which the possibilities conceived and achieved both affirm certain
past practices and reject others. Without such vantage points it is more
difficult to explain the manner in which China's economy has changed in
the past 30 years.
Tyers, Rod, Iain Bain, and Yongxiang Bu, “China's Equilibrium Real Exchange Rate:
A Counterfactual Analysis,” Pacific Economic Review, Vol. 13, No. 1, (February
2008), pp. 17-39.
Abstract: China's 'equilibrium' real effective exchange rate is explored using an
adaptation of the Devarajan-Lewis-Robinson three-good general
equilibrium model under a variety of assumptions about the balance of
trade. The absence of secondary indices of import and export prices
necessitates their construction from trade data. Some undervaluation is
suggested in the lead-up to and during the financial crisis, due in part to
an extraordinary accumulation of foreign reserves following exchange rate
integration in 1994. If, instead, China had run a more typical trade balance
prior to the crisis its real effective exchange rate would have been higher
CHINA ECONOMIC LITERATURE INDEX
March 2010
Page 15
by about a tenth.
Narayan, Paresh Kumar, and Seema Narayan, “Do Permanent Shocks Explain
Income Levels? A Common Cycle-Common Trend Analysis of Regional Income
Levels for China,” Pacific Economic Review, Vol. 13, No. 5, (December 2008), pp.
656-662.
Abstract: In this paper, we analyse per capita income levels of China's three main
regions: the western region, the eastern region, and the central region
using common cycle and common trend tests. Our main contribution is
that we impose the common cycle and common trend restrictions in
decomposing shocks into permanent and transitory components. We find
that: (i) there is evidence for two cointegrating relationships and one
common cycle; and (ii) the variance decomposition analysis of shocks
provides evidence that over short horizons, permanent shocks play a large
role in explaining variations in regional per capita incomes.
Flynn, Dennis O., and Arturo Giraldez, “Symposium: Lessons from Chinese
Economic History: Born Again: Globalization's Sixteenth Century Origins
(Asian/Global versus European Dynamics),” Pacific Economic Review, Vol. 13,
No. 3, (August 2008), pp. 359-87.
Abstract: Globalization began when all heavily populated land masses began
interacting--both directly and indirectly via other land masses--in a
sustained manner with deep consequences for all interacting regions.
Globalization emerged during the sixteenth century. Dynamism
emanating from within China played a pivotal role. Valid hypotheses
concerning globalization's emergence must accommodate evidence from
numerous disciplinary debates. Discussion of globalization's birth in terms
of economic issues alone--for example, O'Rourke and Williamson's price
convergence of the 1820s--is doomed. The central role of economic
history--including Chinese economic history--becomes salient when
arguments are formulated in the context of a multidisciplinary, global
historical narrative.
Peng, Wensheng, Dickson C. Tam, and Matthew S. Yiu, “Property Market and the
Macroeconomy of Mainland China: A Cross Region Study,” Pacific Economic
Review, Vol. 13, No. 2, (May 2008), pp. 240-258.
Abstract: This paper studies the nexus between the property market and
macroeconomy of China in 1998-2004, using panel data models covering
31 provinces and major cities. The estimates suggest three main
conclusions. First, there seemed to be a two-way linkage between property
China Economic Literature Index
March 2010
Page 16
prices and GDP growth. Second, bank credit expansion did not seem to
play an 'accelerating' role in property price inflation, although the latter is
found to have contributed to bank credit increases in recent years. Third,
property price growth may have deviated from fundamentals in coastal
areas, as evidenced by a negative relationship between housing and rental
prices.
Sun, Jianjun, and Nobuyoshi Yamori, “Regional Disparities and Investment-Cash
Flow Sensitivity: Evidence from Chinese Listed Firms,” Pacific Economic Review,
Vol. 14, No. 5, (December 2009), pp. 657-67.
Abstract: In China, regional disparities are significant. We find that firms in inland
regions rely more on their internal funds in terms of their investment
activities than those in coastal regions, and that the sensitivity gap
between inland and coastal firms widened in the recent contractionary
monetary policy period. This suggests that firms in inland regions find it
harder to obtain outside funds due to the unfavourable social and
economic environments they face. Our findings suggest that capital
markets in China respond rationally to the potential impact of regional
disparities on a firm's performance.
Ikawa, Motomichi, “Reform of the International Monetary System Based on Special
Drawing Rights and Its Implications for Asia,” Pacific Economic Review, Vol. 14,
No. 5, (December 2009), pp. 668-81.
Abstract: In the midst of the current global economic crisis, China's central bank
governor came out with a proposal to reform the international monetary
system based on special drawing rights, contrary to the general
expectation of the international community. Although many believe the
announcement was politically motivated to address the dollar problem,
the reform idea may have important bearings upon the future evolution of
the economic integration of Asia. This paper reviews the implications of
the reform proposal for the Asian region.
He, Dong, Zhiwei Zhang, and Wenlang Zhang, “How Large Will Be the Effect of
China's Fiscal Stimulus Package on Output and Employment?” Pacific Economic
Review, Vol. 14, No. 5, (December 2009), pp. 730-44.
Abstract: This paper estimates the effect of China's fiscal stimulus package on output
and employment. The input-output analysis shows that the package has a
multiplier of approximately 0.84 in the short run, generating 18-20 million
new jobs in non-farming sectors in the first year. A dynamic structural
model shows that the multiplier is around 1.1 in the medium run as fiscal
CHINA ECONOMIC LITERATURE INDEX
March 2010
Page 17
spending leads to higher household consumption and corporate
investment over time. The size of the fiscal multiplier also depends on the
cyclical conditions of the economy, the policy environment and the
distribution of funds across sectors.
Cheung, Yin-Wong, and Xingwang Qian, “Empirics of China's Outward Direct
Investment,” Pacific Economic Review, Vol. 14, No. 3, (August 2009), pp. 312-41.
Abstract: We investigate the empirical determinants of China's outward direct
investment (ODI). It is found that China's investments in developed and
developing countries are driven by different sets of factors. Subject to the
differences between developed and developing countries, there is
evidence that: (i) both market-seeking and resource-seeking motives drive
China's ODI; (ii) Chinese exports to developing countries induce China's
ODI; (iii) China's international reserves promote its ODI; and (iv) Chinese
capital tends to agglomerate among developed economies but diversify
among developing economies. Similar results are obtained using
alternative ODI data. We do not find substantial evidence that China
invests in African and oil-producing countries mainly for their natural
resources.
Frankel, Jeffrey A., “The Symposium on 'China's Impact on the Global Economy':
New Estimation of China's Exchange Rate Regime,” Pacific Economic Review, Vol.
14, No. 3, (August 2009), pp. 346-60.
Abstract: The present paper updates the question: what precisely is the exchange rate
regime that China has put into place since 2005, when it announced a
move away from the US dollar peg? Is it a basket anchor with the
possibility of cumulatable daily appreciations, as was announced at the
time? We apply to this question a new approach of estimating countries'
de facto exchange rate regimes, a synthesis of two techniques. One is a
technique that has been used in the past to estimate implicit de facto
currency weights when the hypothesis is a basket peg with little flexibility.
The second is a technique used to estimate the de facto degree of exchange
rate flexibility when the hypothesis is an anchor to the US dollar or some
other single major currency. Because the RMB and many other currencies
today purportedly follow variants of band-basket-crawl, it is important to
have available a technique that can cover both dimensions, inferring
weights and inferring flexibility. The synthesis adds a variable
representing 'exchange market pressure' to the currency basket equation,
whereby the degree of flexibility is estimated at the same time as the
China Economic Literature Index
March 2010
Page 18
currency weights. This approach reveals that by mid-2007, the RMB basket
had switched a substantial part of the US dollar's weight onto the euro.
The implication is that the appreciation of the RMB against the US dollar
during this period was due to the appreciation of the euro against the
dollar, not to any upward trend in the RMB relative to its basket.
Thomas, Charles P., Jaime Marquez, and Sean Fahle, “The Symposium on 'China's
Impact on the Global Economy': Measures of International Relative Prices for
China and the USA,” Pacific Economic Review, Vol. 14, No. 3, (August 2009), pp.
376-97.
Abstract: In this paper, we assemble a measure of international relative prices to
gauge the average amount by which prices in China and the USA differ
from the prices of their trading partners. Our estimated weighted average
of relative prices for China and the USA are the first to use the significantly
revised purchasing power parities embodied in the price data from the
World Bank's World Development Indicators. Our analysis reveals several
findings of interest. First, interactions between the structure of trade and
the levels of relative prices are sufficiently important to induce
divergences between the weighted average of relative prices and
conventional real effective exchange-rate indexes. Second, revisions
embodied in World Development Indicators price data generally lower
the estimate of US international relative prices. Third, net exports are
inversely related to the estimate of US international relative price, but, for
China, the correlation is positive. Estimating this correlation for other
countries reveals no systematic pattern related to the level of development
alone. Fourth, unlike previous work, using our price measures we find
that an increase in US prices relative to Chinese prices raises the share of
China's exports to the USA. Finally, there is a distinct possibility of
eliminating the long-standing differential in income elasticities of US trade
in empirical applications.
Thorbecke, Willem and Hanjiang Zhang, “The Symposium on 'China's Impact on the
Global Economy': The Effect of Exchange Rate Changes on China's
Labour-Intensive Manufacturing Exports,” Pacific Economic Review, Vol. 14, No.
3, (August 2009), pp. 398-409.
Abstract: Chinese policy-makers fear that an RMB appreciation will reduce low
technology exports. We investigate this issue using data on China's exports
to 30 countries. We find that an appreciation of the RMB would
substantially reduce China's exports of clothing, furniture, and footwear.
CHINA ECONOMIC LITERATURE INDEX
March 2010
Page 19
We also find that an increase in foreign income, an increase in the Chinese
capital stock, and an appreciation among China's competitors would raise
China's exports. Because Europe is the second leading exporter of
labour-intensive manufactures behind China, these results indicate that the
appreciation of the euro relative to the RMB since 2001 has crowded out
European exports.
Chien, Shiuh-Shen, “Local Responses to Globalization in China: A Territorial
Restructuring Process Perspective,” Pacific Economic Review, Vol. 13, No. 4,
(October 2008), pp. 492-517.
Abstract: This paper argues that the formation and transformation of local
entrepreneurial governances can be understood as a process of local
responses to challenges presented by global economic restructuring. Two
kinds of local responses are theoretically identified. At the structure level,
local entrepreneurial governances happen when places are embedded in
the situation of competition between cities and regions. At the agent level,
the emergence of local entrepreneurial governances requires local actors
who pursue their own political and economic interests. The theoretical
framework, what I term 'territorial restructuring process', is empirically
explained by the context of the West and China.
Ma, Guonan, Robert N. McCauley, “Efficacy of China's Capital Controls: Evidence
from Price and Flow Data,” Pacific Economic Review, Vol. 13, No. 1, (February
2008), pp. 104-23.
Abstract: The paper argues that China's capital controls remain substantially binding.
This has allowed the Chinese authorities to retain some degree of
short-term monetary autonomy, despite the fixed exchange rate to July
2005. Although the Chinese capital controls have not been watertight, we
find sustained and significant gaps between onshore and offshore
renminbi interest rates and persistent dollar/renminbi interest rate
differentials during the period of a de facto dollar peg. While some
cross-border flows do respond to market expectations and relative yields,
they have not been large enough to equalise onshore and offshore
renminbi yields.
Zhao, Suisheng, “China’s Global Search for Energy Security: Cooperation and
Competition in Asia-Pacific,” Journal of Contemporary China, Vol. 17, No. 55,
(2008), pp. 207-227.
Abstract: China has adopted a state-centered approach towards energy security to
China Economic Literature Index
March 2010
Page 20
deepen political and commercial relationships with all energy producing
nations and to aggressively invest in oil fields and pipelines around the
world. Applying this approach to its relations with its Asia-Pacific
neighbors has produced mixed results. While China's energy diplomacy
has brought about opportunities for cooperation with some of its
neighbors, notably some countries in Central Asia and continental
Southeast Asia, it has become a source of conflict with some other
neighbors, especially those with border disputes over maritime territories
which may have rich natural resources. This paper examines China's
state-led search for energy security and its implications for China's
relations with Asia-Pacific countries.
Pollack, Jonathan, “Energy Insecurity with Chinese and American Characteristics:
Implications for Sino-American Relations,” Journal of Contemporary China, Vol.
17, No. 55, (2008), pp. 229-245.
Abstract: This paper reviews Chinese and American energy futures, focusing in
particular on long-term oil supply and demand, policy deliberations in
China and (to a lesser extent) the United States on energy strategy and its
implications for national-level decision making, and the implications of
Sino-American energy futures for bilateral relations. There is far more
commonality in the energy requirements of both countries than is often
acknowledged, but this overlap is often obscured by domestic political
agendas, corporate and bureaucratic interests, and the increasing tendency
to view energy as a defense planning issue, in particular with reference to
future Chinese and US maritime strategies. The conditions for heightened
Sino-American energy collaboration exist, and some important initial
steps have been undertaken toward this end. But sustained and far more
vigorous governmental and institutional interactions will be needed to
forestall the potential for heightened antagonism in the longer-term
energy futures of both countries.
Andrews-Speed, Philip and Xin Ma, “Energy Production and Social Marginalisation
in China,” Journal of Contemporary China, Vol. 17, No. 55, (2008), pp. 247-272.
Abstract: The exploitation and production of primary energy resources and the
supply of this energy is critical for China's economic development.
Despite the obvious economic benefit to the nation, this energy production
has had significant negative socio-economic impacts on certain groups of
people at local and national scales. This paper documents three cases of
energy production in China and demonstrates that, in each case,
CHINA ECONOMIC LITERATURE INDEX
March 2010
Page 21
marginalisation of social groups has either been created or has been
enhanced. These cases are the Three Gorges Dam, the Yumen oilfield, and
township and village coal mines. The causes of this marginalisation have
their roots in the structures, processes and approaches taken in the making
and implementation of national policy in China, and are compounded by
poor regulation and monitoring, poor civil rights, and the tension between
central and local governments. The government which came to power in
2003 recognised the extent and importance of these social challenges
relating to energy production, and has started to take steps to address
them.
Zweig, David, and Shulan Ye, “A Crisis is Looming: China's Energy Challenge in the
Eyes of University Students,” Journal of Contemporary China, Vol. 17, No. 55,
(2008), pp. 273-296.
Abstract: This paper uses a survey at six universities in China to analyze university
students' views on China's energy problems. It finds that gender, the
nature and location of a student's original community, and their level of
education affects students' views about China's energy problems, as well
as the types of solutions that are deemed to be most appropriate to
manage this looming crisis. University students are quite concerned about
China's energy situation. For them, it is already a crisis. They fear China
will be controlled due to resource dependency, see the US as China's
primary energy competitor, all the while advocating a more hawkish
attitude towards Japan in the East China Sea. But, they look foremost to
domestic solutions to this crisis, such as enhanced conservation, more
efficient use of energy, new technologies, enhancing China's strategic
reserve, and increased government taxation, particularly of large
enterprises. When they look abroad, they support diversifying energy
sources, increasing energy cooperation, particularly with Russia and
Central Asia (but not with Japan), and some increase of the navy's role in
enhancing sea lane and energy security.
Cheng, Joseph, “A Chinese View of China's Energy Security, “Journal of Contemporary
China, Vol. 17, No. 55, (2008), pp. 297-317.
Abstract: This article attempts to examine how China perceives its energy security
issues. A survey of its research on energy issues offers hints on how
experts influence the Chinese leadership. This article briefly looks at the
assessment of the energy situation in China and the policy programmes
released to tackle the problems. It then analyses the policy programmes
China Economic Literature Index
March 2010
Page 22
and evaluates the overall strategy. It mainly relies on published data from
China to reflect a Chinese view. China in some ways would like to follow
Japan's example in response to the international oil crises in the 1970s, i.e.
upgrade its industrial structure, introduce energy conservation measures,
develop new sources of energy supply, and engage in an 'energy
diplomacy' to diversify and guarantee its energy supply.
Guo, Yingjie, “Domestic Openness in post-WTO China: Central and Local
Perspectives,” Journal of Contemporary China, Vol. 17, No. 55, (2008), pp. 339-359.
Abstract: This article seeks answers to three basic questions about the WTO's impact
on domestic openness in China: is China a more open society as a result of
its WTO membership; in what way has the WTO affected reform and
openness; and, is WTO membership leading to political liberalization or
translating into a demand for democracy as democracy advocates
predicted? To this end, it identifies and analyzes the WTO-related reforms
at central and local levels which have had the strongest impact thus far on
openness to Chinese citizens. The analysis focuses on the reduction of the
Party-state's control of economic activity as manifested in decreasing state
monopoly and bureaucratic intervention in the sphere of economic
activity, improved legal regulation, and increasing transparency of
trade-related rules and rule-making. It argues that the varied depth and
scope of the WTO's impact are attributable to differences in the
congruence between the WTO principles and China's domestic political
logic and the varying levels of effectiveness of external and internal
pressure for change.
Hamid, Javed, and Stoyan Tenev, “Transforming China's Banks: the IFC's
Experience,” Journal of Contemporary China, Vol. 17, No. 56, (2008), pp. 449-468.
Abstract: China's progress in fixing its banking system has surprised observers.
Successful experiments, some of them involving foreign investors, have
emerged in China to deal with the problems of the banking system. The
International Finance Corporation (IFC), the private sector arm of the
World Bank Group, has played an active role in piloting some of these
approaches in close cooperation with the regulator and other strategic
investors. In the period 1995-2000, IFC's strategy was to work with one or
two banks to help improve their governance and skills. The idea was to
create some model banks which could be emulated by others and used by
the regulators to introduce modern banking practices. Once the corporate
governance and business practices of these banks improved, then the IFC
CHINA ECONOMIC LITERATURE INDEX
March 2010
Page 23
was able to attract foreign banks to invest in these banks. These
investments encouraged other foreign banks to consider taking minority
stakes in the smaller banks. The success of these experiments gave
confidence to the Chinese authorities to open up the big state-owned
banks for foreign investment and encouraged big international banks to
invest large sums of money to take minority stakes in the big banks. While
progress in reform has been remarkable, the real and sustainable
transformation of the Chinese banks is far from over and will be a lengthy
process. Significant challenges such as improving corporate governance
and credit risk management remain. Despite the significant opening of the
banking system to foreign direct investment, foreign ownership in the
Chinese banking system remains low by international standards. Even
with existing limitations on foreign ownership, foreign strategic investors
are contributing to the transformation of Chinese banks and their role
remains highly relevant for the continued reform of the Chinese banking
system.
Zhang, Yiwu, “Cultural Challenges of Globalization, Journal of Contemporary China,
Vol. 17, No. 57, (November 2008), pp. 733-746.
Abstract: Globalization is an inescapable fact that conditions daily life in China today.
To squarely confront this fact, two mythologies regarding globalization
and China must be avoided. The first is the romanticization of
globalization, which turns the trend into an all-purpose solution to China's
problems that will introduce 'universal' values to the Chinese people. In
fact, Chinese people should maintain a critical distance from the
phenomenon and realize that so-called 'universal' values often turn out to
be self-serving 'Western' values. On the other hand, there is also the
mythology that globalization is not happening in China at all, but is rather
a process occurring elsewhere that does not affect the daily life of the
Chinese people. Various examples from contemporary fiction and film
prove this observation to be wrong. Moreover, they point the way to a
possible response to the challenges of globalization: a community ethic
that keeps the Chinese people grounded in their local environment and
dependent upon each other to face and overcome the difficulties of
globalization together.
Cheung, Gordon, “Made in China vs. Made by Chinese: Global Identities of Chinese
Business,” Journal of Contemporary China, Vol. 18, No. 58, (January 2009), pp. 1–5.
Abstract: The interaction between two perspectives—China as a world factory and
China Economic Literature Index
March 2010
Page 24
Chinese business knowledge—has been complicated by the ever greater
tensions generated from the national—China—and the transnational
actors—Chinese—in understanding the economic driving force behind the
real meanings of the rise of China. The construction process of the rise of
Chinese economic power puts the state in direct contact with regional and
global economic/political changes. On the one hand, Chinese business
knowledge, identities, economic and political interactions also give rise to
the notion of network building and sub-regional development, which help
transcend country-specific relations. On the other hand, the notion of the
rise of China is still being re-constructed through the interplay between
regional and global political economy.
Pan, Chengxin, “What is Chinese about Chinese Businesses? Locating the 'rise of
China' in Global Production Networks,” Journal of Contemporary China, Vol. 18,
No. 58, (January 2009), pp. 7–25.
Abstract: There is an implicit but commonly held assumption that Chinese
businesses are distinctively Chinese. Casting them in unitary and national
terms, this assumption has often provided the underpinnings for the
conception of the strength of Chinese businesses as signs of an emerging
China threat. Drawing on a global production networks (GPN) approach,
this paper aims to question the assumption by arguing that many Chinese
businesses, embedded in the expanding global and regional production
networks, have taken on important transnational characteristics. Given
these transnational connections, Chinese business networks in both
'Greater China' and China proper are characterized more by diversity and
fragmentation than by cultural coherence and homogeneity. This analysis
of the transnationalization and fragmentation of contemporary Chinese
businesses helps better understand and respond to the complex challenge
posed by the economic dynamism in China.
Ravenhill, John, and Yang Jiang, “China's Move to Preferential Trading: a New
Direction in China's Diplomacy,” Journal of Contemporary China, Vol. 18, No. 58,
(January 2009), pp. 27–46.
Abstract: China was a latecomer to the preferential trading bandwagon that has
swept East Asia in the years since the financial crises. The Chinese
government was unwilling to go down the path of negotiating bilateral
and minilateral agreements until the terms of its accession to the World
Trade Organization were finalized. Since then, it has become one of the
most active participants in the negotiation of preferential trading
CHINA ECONOMIC LITERATURE INDEX
March 2010
Page 25
arrangements, currently being engaged in negotiations with more than 20
countries. The paper will address the following questions about China's
move to preferential trade: (a) What forces are driving China's approach to
the negotiation of preferential trade agreements? (b) To what extent is it
possible to untangle economic and political motivations in China's choice
of partners for PTA negotiations? And, which economic interests are being
pursued most aggressively? (c) How are conflicting domestic interests
reconciled in the policy-making process? (d) To what extent will the new
PTAs facilitate Chinese-dominated production networks in the regions? (e)
What overall impact will the PTAs have on the Chinese economy?
Jacobsen, Michael, “Navigating between Disaggregating Nation States and
Entrenching Processes of Globalisation: Reconceptualising the Chinese
Diaspora in Southeast Asia,” Journal of Contemporary China, Vol. 18, No. 58,
(January 2009), pp. 69–91.
Abstract: This paper argues that the fluidity that permeates the contemporary
international community is driven by especially political and economic
globalisation, which has a huge impact on the relationship between the
nation and the state. As the individual nation state is increasingly
dependent on the international community for its economic survival this
dependency on the global has as a consequence that it rolls back aspects of
national sovereignty thus opening up the national hinterland for further
international influences. These developments initiate a process of
disaggregating state and nation, meaning that a gradual disarticulation of
the relationship between state and nation produces new societal spaces,
which are contested by non-statist interest groups and transnational more
or less deterritorialised ethnic affiliated groups and networks. The
argument forwarded in this article is that Southeast Asians of Chinese
descent utilise these newly created spaces for setting up diasporic-like
networks thus providing substance for transnational ethnoscapes or
nations without states.
Gibson, Neil, “The Privatization of Urban Housing in China and its Contribution to
Financial System Development,” Journal of Contemporary China, Vol. 18, No. 58,
(January 2009), pp. 175–184.
Abstract: The privatization of urban housing and the subsequent development of a
mortgage market have played a major role in the development of China's
financial system. This paper explores the history and development of
China's urban housing market, its impact on the financial system, and the
China Economic Literature Index
March 2010
Page 26
government's efforts to grapple with new issues that have surfaced
alongside these reforms. This paper concludes that although housing
privatization has helped strengthen the financial standing of state-owned
enterprises, urban residents, and commercial banks alike, systematic
weaknesses must be addressed in order to promote sustainable economic
growth.
Xiao, Ren, “Between Adapting and Shaping: China's Role in Asian Regional
Cooperation,” Journal of Contemporary China, Vol. 18, No. 59, (March 2009), pp.
303–320.
Abstract: This paper attempts to examine the process of China's participation in
regional cooperation in Asia and the factors that affect its participation. It
focuses on a changing China-ASEAN relationship that is reshaping Asia.
To build a peaceful and stable external environment, China has been
making various efforts, political, economic and in the security field, to
maintain and upgrade a harmonious and constructive relationship with its
neighboring East Asian countries. Politically, China acceded to the Treaty
of Amity and Cooperation in Southeast Asia (TAC), essentially accepting
the code of conduct stipulated by ASEAN and prompting other regional
countries to observe this code. China has been supportive of ASEAN,
playing a leadership role in East Asian regional cooperation. China and
Asian regional cooperation is an evolving concept and a couple of
theoretical points may be taken into account, such as how regional
cooperation influences major powers' international behavior and vice
versa.
Das, Dilip, “A Chinese Renaissance in an Unremittingly Integrating Asian Economy,”
Journal of Contemporary China, Vol. 18, No. 59, (March 2009), pp. 321–338.
Abstract: This paper attempts to address an imperative topic in Asian economic
development: the relationship between China's economic expansion and
Asian economic growth. It tries to answer the all important query,
whether China's economic ascent is a threat or an opportunity for the
Asian economies. Due to the size of its economy, its openness and the
rapidity of its GDP growth, China is swaying the individual Asian
economies as well as the regional economy. When a significant-size
economy is growing almost three times as rapidly as the global economy,
the neighboring economies cannot possibly expect to remain impervious.
Various issues are analyzed in the paper, including foreign direct
investment inflows and impacts, regional production networks, plausible
CHINA ECONOMIC LITERATURE INDEX
March 2010
Page 27
scenarios for China and the remaining Asian economies, and strategy for
coping with China's rapid development. Although some Asian economies
and some sectors will face adverse effects—short- or long-term—of
China's rapid growth, the apocalyptic predictions are grossly overdone.
For the most part, the impact of China's rapid growth can be mutually
beneficial. This is the conclusive idea of this paper.
Stalley, Phillip, “Can Trade Green China? Participation in the Global Economy and
the Environmental Performance of Chinese Firms,” Journal of Contemporary
China, Vol. 18, No. 61, (September 2009), pp. 567–590.
Abstract: How does participation in the global economy influence the pollution
management practices of firms in a developing country? Research on trade
and the environment leads one to anticipate that integration into the
international economy should enhance domestic firm environmental
behavior. Integration facilitates access to cleaner technology, exposes
domestic firms to global norms of corporate environmentalism, and
compels developing country firms to meet trading partners'
environmental standards or risk losing market access. This article tests
these propositions by exploring the environmental compliance of
internationally oriented firms in China—a country whose rapid economic
expansion and increasingly prominent role as a foreign investor have
considerable implications for protection of the global environment. It finds
that there is only modest market-induced enhancement of environmental
performance among Chinese companies. In terms of their compliance with
environmental law, Chinese firms with connections to the global economy
are either no better than domestically oriented companies or, in the case of
firms that export heavily, are worse.
Wong, Timothy, Po-San Wan, and Kenneth Law, “Public Perceptions of Income
Inequality in Hong Kong: Trends, Causes and Implications,” Journal of
Contemporary China, Vol. 18, No. 61, (September 2009), pp. 657–673.
Abstract: This article examines the patterns and changes in public perceptions of
domestic income inequality in Hong Kong in the past two decades and
explains individual variations in these perceptions. It found that the
perceived seriousness of income disparities had been persistently high,
while the perceived unjustness of income disparities showed a fluctuating
trend. Our findings lent partial support to the structural position thesis
that the privileged groups are less likely than the underprivileged groups
to consider existing income disparities to be serious and unjust.
China Economic Literature Index
March 2010
Page 28
Nonetheless, the popular understanding of poverty is still biased towards
'individual' explanations, and this perhaps explains why the government
is less willing to tackle the economic and political foundations of poverty
in Hong Kong.
Yeo, Yukyung, “Remaking the Chinese State and the Nature of Economic
Governance? The Early Appraisal of the 2008 'Super-Ministry' Reform,” Journal
of Contemporary China, Vol. 18, No. 62, (November 2009), pp. 729–743.
Abstract: This report explains the shifts and strains in the 2008 super-ministry
government reform, focusing on the reform of government institutions of
economic governance. Drawing on interviews with officials and scholars
in Beijing after the reform, and on Chinese-language reports and books,
this study suggests that the key to substantial progress in remaking the
Chinese state into a macroeconomic regulator is the reform of the National
Development and Reform Commission (NDRC), which was lacking in the
2008 scheme. Its powerful authority for investment endorsement is
particularly problematic. A continued administrative malaise in the
energy sector and strategically articulated state engagement in industrial
development also should be noted as the salient features of China's
economic governance.
Adams, Bill, “Macroeconomic Implications of China Urban Housing Privatization,
1998-1999,” Journal of Contemporary China, Vol. 18, No. 62, (November 2009),
pp. 881–888.
Abstract: This paper presents evidence on the context, magnitude, and probable
macroeconomic impacts of the privatization of Chinese urban housing in
the 1998-1999 period. Various sources suggest that approximately one half
of urban housing stocks were sold by work units to their residents at
prices likely between one-fifth and four-fifths of their fair value during the
period in question. This transaction significantly increased the wealth of
urban Chinese households and improved the cash flows of state-owned
enterprises. The case demonstrates the reaction of Chinese economic
policymaking to economic stresses, and the capacity of the Chinese state to
manage the business cycle.
Yao, Shujie, Dan Luo, and Stephen Morgan, “Impact of the US Credit Crunch and
Housing Market Crisis on China,” Journal of Contemporary China, Vol. 19, No. 64,
(March 2010), pp. 401–417.
Abstract: Similarities between the US, the UK and the Chinese housing markets,
including the movements of interest rates and house prices, and the
CHINA ECONOMIC LITERATURE INDEX
March 2010
Page 29
exposure of some Chinese banks to the US mortgage securitization market,
have triggered concern about whether China could experience a US-style
credit and housing market crisis. Significant differences between China
and Western economies make that unlikely in the near future. China's
booming house market has been supported by fast economic growth,
rapid urbanization and high domestic savings. Chinese banks have also
been less exposed to mortgage defaults than their Western counterparts.
However, the relative underdevelopment of the financial system—credit
monitoring and asset securitization—may expose China to domestic
mortgage lending-related crises.
Gerlach-Kristen, Petra, “Business Cycle and Inflation Synchronisation in Mainland
China and Hong Kong,” International Review of Economics & Finance, Vol. 18, No.
3, (June 2009), pp. 404-418.
Abstract: This paper uses annual data spanning 1962 to 2003 to examine whether
business and inflation cycles have become more similar across Chinese
provinces as the economy has been liberalised and modernised. We find
evidence of synchronisation, although business cycles in a group of
mainly northwestern provinces appear to have diverged from those in the
rest of China. Both the business and inflation cycles in Hong Kong seem to
have become increasingly synchronised with those in the Mainland over
recent years.
Bontempi, Maria Elena, “Entry Strategies into China: The Choice between Joint
Ventures and Wholly Foreign-Owned Enterprises: An Application to the Italian
Manufacturing Sector,” International Review of Economics & Finance, Vol. 18, No.
1, (January 2009), pp. 11-19.
Abstract: We investigate the entry choice between Joint Ventures and Wholly
Foreign-Owned Enterprises in the Chinese market. The analysis is based
on Italian firms, thus allowing to evaluate the behaviour of also
small-medium sized companies — usually less focused on by the literature
on entry modes. The data, mainly from a questionnaire, supply detailed
enterprise-level information and make possible to properly measure and
evaluate the impact on entry modes of several variables such as
innovation, internationalization, and, new in the empirical literature on
this issue, corporate capital structure.
Cooka, David E., and Michael B. Devereuxb, “Introduction to the Special Issue of
IREF on Macroeconomics of Asia,” International Review of Economics & Finance,
Vol. 18, No. 3, (June 2009), pp. 363-365.
China Economic Literature Index
March 2010
Page 30
Abstract: This issue of the International Review of Economics and Finance gathers
together some papers that study macroeconomic and financial questions
relating to the economies of Asia. The Asian continent is both the largest
in geographical size and the most populous. Arguably, it has also been the
most dynamic region of the world economy in recent periods. Between
2000 and 2006, the average continuous growth rate of PPP converted gross
national income per capita in the East Asia and Pacific region was more
than 5.7% per year faster than growth in the world as a whole. Growth in
PPP converted gross national income per capita in the South Asian region
over the same time frame was 2.7% faster than the world as a whole. This
growth has had a direct impact on the international trading system. In
2000, total exports averaged 36% of total GDP in East Asia; in 2006, this
figure had grown to 47%. Exports were 14% of South Asian GDP in 2000
and 22% in 2006. Given the large size of the continent, growth at this rate
will make the region increasingly central to the global economy.
Gamra, Saoussen Ben, “Does Financial Liberalization Matter for Emerging East Asian
Economies Growth? Some New Evidence,” International Review of Economics &
Finance, Vol. 18, No. 3, (June 2009), pp. 392-403.
Abstract: This paper investigates the empirical relationship between financial
liberalization and economic growth in East Asian region. The empirical
literature suggests that there is a mixed link between financial
liberalization and growth in emerging countries. Panel data techniques
using LS, TSLS, and GMM are employed to shed some light on the
empirical debate, we examine this issue in 6 major emerging East Asian
countries over the period 1980–2002. The main result is that financial
liberalization's growth effect depends on the nature as well as the intensity
of financial sectors liberalization. Full liberalization of the financial sector
has been associated with slower growth outcomes while more moderate
partial liberalization is associated with more positive outcomes.
Munro, Anella, “A Review of Capital Controls and Capital Flows in Emerging
Economies: Policies Practices and Consequences,” International Review of
Economics & Finance, Vol. 18, No. 1, (January 2009), pp. 172-174.
Abstract: Managing capital flows is one of the most difficult issues facing policy
makers in emerging economies. This book documents the complexities of
the issues surrounding capital flows and their control, and the range and
depth of the debate concerning the most appropriate policy choices. In the
early 1990s, these issues were thought to be largely resolved in favor of the
CHINA ECONOMIC LITERATURE INDEX
March 2010
Page 31
elimination of capital controls in emerging market economies, a move that
would naturally follow the removal of restrictions on current account
transactions. By the 1990s most emerging markets had adopted the IMF's
Article VIII which commits member Governments not to impose
restrictions on trade and services payments. The benefits from the
elimination of current account restrictions were by then also so obvious
that the Interim Committee of the IMF in 1997 proposed that their Articles
of Agreement be extended to include jurisdiction over the elimination of
capital account restrictions.
Guoa, Feng, and Ying Sophie Huang, “Does “Hot Money” Drive China's Real Estate
and Stock Markets?” International Review of Economics & Finance, Vol. 19, Vol. 3,
(June 2010), pp. 452-466.
Abstract: The paper investigates the extent of the impact from “hot money” or
speculative capital inflow on the fluctuations of China's real estate market
and stock market. The results indicate that hot money has driven up
property prices as well as contributed to the accelerating volatilities in
both markets due to its enormous size and its short-term characteristic of
investing. In particular, we find that hot money ranks as the second largest
contributor in the fluctuations of China's real estate prices. In the “risky”
regime, which corresponds to more inflows and higher volatility of hot
money, the effects are even more prominent.
Donga, Jing, and Yan-nan Gou, “Corporate Governance Structure, Managerial
Discretion, and the R&D Investment in China,” International Review of Economics
& Finance, Vol. 19, No. 2, (April 2010), pp. 180-188.
Abstract: This article studies the influence of corporate governance factors on firm
R&D investment in a transitional economy like China. By using the data
from the listed companies in China, this article statistically tests the
hypotheses on the relations between corporate R&D intensity and
managerial discretion of CEOs, independent outside directors, degree of
share concentration, share held by the state, and share held by a manager.
According to the results, the managerial discretion of CEOs has a
significant and negative correlation with the firm R&D investment. The
number of the independent outside directors in the board has a positive
influence on the R&D investment. And as the shares held by a manager
increase, the firm R&D intensity will decrease at first, and then increase
along an inverted parabolic curve. All these findings show that the
improvement of corporate governance and stock incentive plan, and the
China Economic Literature Index
March 2010
Page 32
cultivation of active and long-term stock investors, may finally lead to the
upgrade of corporate innovation capabilities.
Jalila, Abdul, Mete Feridunb, and Ying Maa, “Finance-Growth Nexus in China
Revisited: New Evidence from Principal Components and ARDL Bounds Tests,”
International Review of Economics & Finance, Vol. 19, No. 2, (April 2010), pp.
189-195.
Abstract: This article re-examines the finance-growth nexus in China using principal
components analysis and ARDL bounds testing approach to cointegration.
The results suggest that principal components have an effective role in
examining the links between growth and financial development and, that
financial development fosters economic growth.
Liena, Donald, and Yulu Chenb, “Recent Development in China's Financial Markets:
An Introduction,” International Review of Economics & Finance, Vol. 19, No. 2,
(April 2010), pp. 177-179.
Abstract: Since adopting reformist and open-door policy thirty years ago, Chinese
economy has experienced tremendous growth particularly in the most
recent decades. Along the path, we witness the development and
structural changes in China's financial market. This special issue contains
five articles spanning from macroeconomic to microeconomic topics
related to China's financial markets. Specifically, what was the
relationship between China's economic growth and financial development?
How had soft budget constraints affected Chinese firms' investment
decisions? What determined Chinese companies' R&D intensity? How did
Chinese financial market interact with world financial system? What was
the behavior of China's IPO market?
Laia, YiHao, and Jen-Ching Tsengb, “The Role of Chinese Stock Market in Global
Stock Markets: A Safe Haven or a Hedge?” International Review of Economics &
Finance, Vol. 19, No. 2, (April 2010), pp. 211-218.
Abstract: The contribution of the study is threefold. First, the paper proposes a new
empirically testable definition for a safe haven and a hedge from the
viewpoint of extreme and regular dependences measured by a modern
statistical tool of copulas. Second, this paper investigates the extreme and
regular dependences between the Chinese and the G7 stock markets, using
a mixture copula specification, and the results reveal that the Chinese
stock market has been not only a hedge but also a safe haven for the G7
stock markets all these years. Finally, this study suggests that the Chinese
stock market is the target market for global stock fund managers and
CHINA ECONOMIC LITERATURE INDEX
March 2010
Page 33
international investors, who are seeking a hedge or a safe haven for their
portfolios, under turbulence.
Duara, Prasenjit, “History and Globalization in China's Long Twentieth Century,”
Modern China, Vol. 34, No. 1, (January 2008), pp. 152-164.
Abstract: This commentary reflects on the contributions of the five principal essayists
in this volume of Modern China. It seeks to grasp the role and weight of
historical and distinctively Chinese factors in relation to global forces
operating in China since the early twentieth century in these macroscopic
essays. Building on their contributions, I develop a "globalization
paradigm" in which the embeddedness of nations in global discourses and
practices are often misrecognized as national and domestic. But while
many national practices represent globally familiar reactions to recognized
global tendencies, several of these essays help us to identify often
unarticulated historical tendencies and emergent practices, including
those from the Chinese socialist experience. They suggest ways in which
Chinese and global practices become intertwined, as for instance
adaptations of the Qing imperial idea to the current day. These practices
not only make China different from other nations, but also have the
potential to make a difference in the world.
Junya, Ma, “Traditional Finance and China's Agricultural Trade, 1920-1933,” Modern
China, Vol. 34, No. 3, (July 2008), pp. 344-371.
Abstract: This article analyzes the operation of modern China's nationwide
traditional financial network. The network was hierarchical, with
Shanghai as the center. Coexisting with the center, however, were several
distinct regionally oriented subsystems in the Lower Yangzi Valley, North
China, Central China, and South China. Each subsystem had its own
financial center, which was the center for many regional, or lower level,
markets. Each of these regional financial centers was surrounded by many
even smaller subcenters, which extended level by level down to the
bottom of the entire financial system: the local township markets. In this
way, all Chinese rural households were incorporated into the financial
network through local markets. Therefore, the flow of currency between
the financial centers and subcenters was the true link between the central
markets and local markets, and the trade in agricultural products created
the real tie that connected rural households with various markets.
Gang, Fan, and Wing Thye Woo, “The Parallel Partial Progression (PPP) Approach to
Institutional Transformation in Transition Economies,” Modern China, Vol. 35,
China Economic Literature Index
March 2010
Page 34
No. 4, (July 2009), pp. 352–369.
Abstract: Many economists have attributed China's high growth to the
implementation of the correct sequence of reforms. The authors reject this
interpretation because it does not characterize the reform process correctly;
it does not recognize adequately the interaction among reforms that
sustains the progress of each individual reform; and optimal sequences
exist only when the policy maker is constrained to introducing only one
new policy measure at a time (so-called optimality disappears once
simultaneous implementation of policies is allowed). We propose the
parallel partial progression approach as the alternative conceptual
framework for the gradualist approach. Parallel partial progression is not
the same as the step-by-step sequencing approach because a “partial
reform” is not a “completed step.” Simultaneous partial implementation is
preferable to policy sequencing because it eliminates the costs of
incoherence among policies. Incoherence among reforms results could
cause a “reform bottleneck,” and the two major bottlenecks that China is
facing right now are financial reform and political reform.
Huang, Philip C. C., “China's Neglected Informal Economy,” Modern China, Vol. 35,
No. 4, (July 2009), pp. 405–438.
Abstract: The informal economy—defined as workers who have no security of
employment, receive few or no benefits, and are often unprotected by
labor laws—in China today accounts for 168 million of the 283 million
urban employed, but the official statistical apparatus in China still does
not gather systematic data on the informal economy. Part of the reason for
the neglect is the misleading influence of mainstream economic and
sociological theories, which have come from the “economic dualism,”
“three-sector hypothesis,” and “olive-shaped” social structure theories
that held great influence in the United States in the 1960s. This article
reviews the core elements of that modernization model, the “revolution”
in development economics that followed in the 1970s and 1980s, and the
“counterrevolution” from neoclassical economics that came with the rising
ideological tide of neoconservatism. The article argues for a balanced
theoretical perspective that can more appropriately capture the realities of
the informal economy today.
Bramall, Chris, “Out of the Darkness,” Modern China, Vol. 35, No. 4, (July 2009), pp.
439–449.
Abstract: China's rapid economic growth since 1978 has occurred precisely because it
CHINA ECONOMIC LITERATURE INDEX
March 2010
Page 35
has not followed the strategy of parallel partial progression and financial
liberalization advocated by Fan and Woo. However, China missed an
historic opportunity to build welfare capitalism in the 1980s and 1990s,
choosing instead to dismantle its rural health care and educational
systems and—as Philip Huang rightly argues—failing to secure workers'
right in the burgeoning informal sector. In these respects, China's
transition path has been far inferior to that of Britain in the late 1940s and
early 1950s. Nevertheless, the global financial crisis of 2008-2009 has
discredited Anglo-Saxon capitalism and presents a renewed opportunity
for China to build a form of xiaokang socialism modeled on the Rheinish
capitalism that was so successful in countries such as France, Germany,
and Japan before 1989.
Heilmann, Sebastian, “Maximum Tinkering under Uncertainty,” Modern China, Vol.
35, No. 4, (July 2009), pp. 450–462.
Abstract: At a time when many Western standard recipes for economic policy are
losing credibility, it is imperative to step back from past orthodox
explanations and rethink the unconventional approaches to managing
economic change that we find in China's developmental experience. The
key to understanding the adaptability of China's political economy over
the last few decades lies in the unusual combination of extensive policy
experimentation with long-term policy prioritization. China can serve as
an extremely instructive place to look for lessons on creative management
of uncertainty in policy making.
Pannell, Clifton W., “China's Economic and Political Penetration in Africa,” Eurasian
Geography and Economics, Vol. 49, No. 6, (December 2008), pp. 706-730.
Abstract: A senior American specialist on China and noted geographer presents a
study of that country's economic and political penetration into the African
continent. The author identifies three key elements of China's objectives
and plan. namely (1) support for Chinese policies in international affairs,
particularly with regard to Taiwan. (2) search for oil and other mineral
resources, and (3) creation of a new market for Chinese goods and services
in tandem with additional jobs in China. The paper includes tour case
studies highlighting economic activities stimulated by Chinese loans and
investments in the Republic of South Africa, Egypt, Sudan, and Angola.
Considerable attention is devoted to oil imports, exports of cheap
consumer goods, and construction and repair of infrastructure by Chinese
technicians and laborers, as well as the competition between Chinese
China Economic Literature Index
March 2010
Page 36
imports and host-country manufacturing and the PRC's diplomatic
support of rogue African nations.
Yeung, Yue-man, Joanna Lee, and Gordon Kee, “China's Special Economic Zones at
30,” Eurasian Geography and Economics, Vol. 50, No. 2, (April 2009), pp. 222-240.
Abstract: Three Hong Kong-based geographers assess retrospectively the
performance of special economic zones (SFZs) in China on the eve of the
30(th) anniversary of their founding. After exploring the general rationale
and historical context for the launching of the SEZ concept, they devote
considerable attention to the divergent development paths and outcomes
of the five SEZs established in China during the 1980s. Of particular
importance has been the differing specific roles, assigned to the SEZs
based on their internal characteristics as well as location relative to (and
interactions with) areas of intense commercial activity (Hong Kong and
Macao) subsequently Corning Under Chinese sovereignty. The paper
concludes by viewing the past performance of the SFZs within the context
of the gathering momentum of globalization that afforded entry for their
export-oriented manufacturing activities into world markets, and explores
some implications of the current worldwide financial crisis for their
future.
Yeung, Henry, and Wai-chung, “Observations on China's Dynamic Industrial Sector,”
Eurasian Geography and Economics, Vol. 49, No. 5, (October 2008), pp. 509-522.
Abstract: A prominent economic geographer presents a structured overview of
China's dynamic industrial sector, framed as an introduction to two
empirical papers on the country's automobile and Internet industries.
Engaging with these two papers and drawing on 2008 data (through
August) from the National Bureau of Statistics of China, the author offers
five insightful observations on the sector formulated during the onset of
the global financial crisis in early October. He demonstrates some key
features of the nature of growth and diversification of Chinese industries
and their relationship with foreign capital, and focuses on the twin core
issues of the socio-spatially uneven development and weak technological
capability of the Country's industries. The paper's concluding section
points to an emerging agenda for future economic-geographical research.
Veeck, Gregory, “China's Exports and Imports of Agricultural Products under the
WTO,” Eurasian Geography and Economics, Vol. 49, No. 5, (October 2008), pp.
569-585.
Abstract: An American economic geographer specializing in the agricultural sector
CHINA ECONOMIC LITERATURE INDEX
March 2010
Page 37
of China's economy presents a study of that country's trade in agricultural
products. The paper is focused on patterns of change in the regional
distribution of agricultural and aquacultural exports and imports before
and after China's accession to the World Trade Organization in 2001.
Drawing on research during the course of a field trip in July 2008 and
utilizing data compiled by China's Customs Bureau, the author provides a
comprehensive assessment of the country's trade with 10 major world
regions through the year 2007.
Malle, Silvana, “Economic Transformation in Russia and China: How Do We
Compare Success?” Eurasian Geography and Economics, Vol. 49, No. 4, (August
2008), pp. 410-444.
Abstract: One of Europe's leading international economists compares the economic,,
of Russia and China by tracing the evolution of their transformation from
central planning to market-oriented systems. The paper singles out the
respective structural and policy constraints and the importance of political
decisions in moving ahead with reforms in crucial years when the dangers
of reversals have materialized. It analyzes, inter alia. the reasons tor
present growth in both countries, which is robust in Russia and
impressive in China. While macroeconomic performance indicators are
commonly used to compare success and work out projections, the author
argues that underlying structural and political contexts as well as
institutional problems of a different nature in each Country provide the
key to our understanding of the respective obstacles to sustainable
growth.
Aslund, Anders, Penelope B. Prime, “Economic Transformation in Russia and China:
Two Comments on A Comparison,” Eurasian Geography and Economics, Vol.
49, No. 4, (August 2008), pp. 445-456.
Abstract: Two prominent Western observers of the economic transition and
development in Russia and China evaluate and supplement the preceding
paper (Malle, 2008), which compares the two economies by tracing their
evolution from central planning to market-oriented systems. While in
general supporting and agreeing with the premise of the comparative
analysis presented in that paper, albeit pointing out some instances of
disagreement, the authors add observations on the preconditions and
structural differences between the countries, on the political context and
framework of the transitions, as well as benchmarks for measuring China's
success, and reasoned observations on the latter country's policies and
China Economic Literature Index
March 2010
Page 38
sustainable growth.
He, Canfei, and Rong Fu, “Foreign Banking in China: A Study of 279 Branch Units in
32 Cities,” Eurasian Geography and Economics, Vol. 49, No. 4, (August 2008), pp.
457-480.
Abstract: Two China-based geographers examine the gradual relaxation of
restrictions on the activity of foreign banks in China as a prelude to a more
focused investigation of the concentrated locational pattern of foreign
banking in that country. The study, which embraces 32 Chinese cities,
emphasizes the factors that have attracted foreign banks to particular cities
and regions of China, including the existence of special banking
opportunities, the so-called "follow-the customer" strategy, externalities
associated with major financial centers such as Beijing and Shanghai,
relaxed banking regimes in particular urban centers and special economic
zones, and exposure to international trade and to a variety of foreign
business enterprises. The locational preferences of foreign banks in
relation to their countries of origin are addressed in some detail.
Liu, Weidong, Wei Wu, “Development of Local Financial Systems in Mainland
China,” Eurasian Geography and Economics, Vol.49, No. 2, (April 2008), pp.
160-179.
Abstract: Two Beijing-based economic geographers present a comprehensive study
of local financial systems in China. The paper analyzes the most recently
available (2006) regional data on exogenous (state-owned, foreign-owned,
and joint shareholder-owned) and endogenous (city commercial banks
and rural credit cooperatives) banks, highlighting the differences between
the country's coastal and the lagging rural provinces located in China's
central and western macroregions. A key component of the analysis is the
geographic distribution of bank branches and assets. Special attention is
devoted to Shanghai, the country's traditional financial center, which has
attracted the bulk of foreign-owned banks and financial service providers
seeking entry into the vast Chinese market.
Gaubatz, Piper, “Commercial Redevelopment and Regional Inequality in Urban
China: Xining's Wangfujing?” Eurasian Geography and Economics, Vol. 49, No. 2,
(April 2008), pp. 180-199.
Abstract: An American urban geographer specializing in China explores whether a
commercial and urban redevelopment model successful in Beijing
(Wangfujing) can be transferred to a more remote region of the country
(Qinghai Province), and whether the potential benefits outweigh the costs
CHINA ECONOMIC LITERATURE INDEX
March 2010
Page 39
of dismantling the traditional commercial core of the relatively large
provincial capital of Xining, with one-half million inhabitants. The Xining
project is investigated in the contexts of globalization, secondary
globalization, and the diffusion of urban planning and development
practices in China. The biases in Chinese planning practice toward
methods employed in large eastern cities are considered in light of global
trends toward neoliberalism and the new regionalism.
Shen, Jianfa, “Hong Kong under Chinese Sovereignty: Economic Relations with
Mainland China, 1978-2007,” Eurasian Geography and Economics, Vol. 49, No.
3, (June 2008), pp. 326-340.
Abstract: A Hong Kong-based economic geographer presents an array of statistical
data through 2007 that place Hong Kong among the world's leading
financial, foreign trade, and air cargo handling centers. The paper's main
focus is the economic relationship with Mainland China, which has grown
and expanded since the change of the city's sovereignty in 1997. Included
in the presentation is a review of economic integration before and after the
handover by the UK to China, the pattern of cross-border investments and
foreign trade, the growth of the logistics and tourism industries, and the
challenges posed by changing economic relations, partly due to the rapid
development of Hong Kong's hinterland.
Yeung, Henry Wai-Chung, and Weidong Liu, “Globalizing China: The rise of
Mainland Firms in the Global Economy,” Eurasian Geography and Economics, Vol.
49, No. 1, (February 2008), pp. 57-86.
Abstract: Two economic geographers survey the changing trends of China's outward
foreign direct investment. Based on materials derived from original field
work as well as published studies, they shed light on the major
mechanisms through which mainland China's leading firms have
successfully ventured abroad, as evidenced by proposed or realized
acquisitions of significant corporate entities in the United States, Africa,
Europe, and elsewhere in Asia. The authors argue for a political-economy
approach to understanding "globalizing China," a complex phenomenon
whereby the Chinese state is strategically and intricately enmeshed with
the corporate interests of its leading business firms.
Miao, Chang-Hong, Yehua Dennis Wei, and Haitao Ma, “Technological Learning and
Innovation in China in the Context of Globalization,” Eurasian Geography and
Economics, Vol. 48, No. 6, (December 2007), pp. 713-732.
Abstract: A team of China- and U.S.-based geographers develops the theoretical
China Economic Literature Index
March 2010
Page 40
concept of "learning field" to advance the study of technological
innovation through networking under conditions of ongoing globalization.
The concept is applied in a survey of ca. 100 firms in the Zhengzhou
Economic and Technological Development Zone, located in a relatively
underdeveloped region of China. The findings emphasize the different
patterns and challenges confronting companies of differing size, property
rights, and R&D capacities, as well as the variable extent to which
technological learning is based on local versus global linkages and
networking. Key elements involved in successful technological upgrading
(in addition to networking) are identified, including market structure,
competitive strategies, and capital. Also examined are the roles played by
geographic, relational, and institutional factors in providing opportunities
for learning and cooperation among firms in an industrial district.
Prime, Penelope B., “China and India Enter Global Markets: A Review of
Comparative Economic Development and Future Prospects,” Eurasian
Geography and Economics, Vol. 50, No. 6, (December 2009), pp. 621-642.
Abstract: An American economist specializing in the economic and business
development of China as well as India presents the results of a focused
comparison of their emergence as global economic powers in the late 20(th)
and early 21(st) centuries. More specifically, she selectively reviews the
body of published research comparing China and India, with emphasis on
the literature covering the two countries' economic achievements, the
nature of reforms and institutions, as well as the overall social contexts
within which development and growth are occurring. The author
addresses such major questions as the importance of timing and location
in the two countries' development trajectories as well as the implications
of different modes of guidance (market versus state direction) for those
trajectories. A concluding section identifies several possible directions for
future research. Journal of Economic Literature, Classification Numbers:
F010, O110, O530, P200, P520. 1 figure, 2 tables, 120 references.
Thomson, Elspeth, and Horii N, “China's Energy Security: Challenges and Priorities
Source,” Eurasian Geography and Economics, Vol. 50, No. 6, (December 2009),
pp. 643-664.
Abstract: In a companion paper to the essays comparing China's and India's
economic rise (Prime, 2009) as well as India's energy security (Dadwal,
2009), two specialists on China's energy industries review the country's
challenges posed by the need to dramatically increase energy use in order
CHINA ECONOMIC LITERATURE INDEX
March 2010
Page 41
to support economic growth while coping with pressures to reduce
environmental impacts from emissions of greenhouse gases. After
reviewing the current mix of fuels in the economy and discussing each
major energy resource (in terms of proven reserves, production,
consumption, and foreign import requirements), the authors focus on
measures undertaken by the Chinese government and corporations to
improve access to vital supplies. The paper covers efforts to enhance the
country's energy security, which include diversifying sources of oil supply,
purchasing oil and gas concessions and financing of energy infrastructure
development in African and Central Asian countries, instituting reforms
to encourage more efficient energy use, and developing alternative energy
sources.
Lin, George C. S., “Understanding Land Development Problems in Globalizing
China Source,” Eurasian Geography and Economics, Vol. 51, No. 1, (January 2010),
pp. 80-103.
Abstract: A noted specialist on China's urban and economic geography investigates
the processes underlying the massive and occasionally wasteful practice of
land development that has accompanied China's rapid economic advance.
By critically juxtaposing elements of conventional neoliberal economic
theory (e. g., the so-called "tragedy of the commons") with the actual
exercise of land property rights and the practice of land development in
transitional China, he argues that, contrary to Western experience, land
property rights have evolved from the bottom up and thus functioned not
as a bundle of standardized and uniform legal prerogatives but rather as a
diverse set of local practices adaptable to regional conditions. The author
illustrates these processes though a thorough review of Chinese laws and
regulations as well as a case study of land development in a province
(Guangdong) in which land development has been allowed to proceed
more rapidly under a special economic regime and exposure to global
forces.
Liu, Weidong, Clifton W. Pannell, and Hongguang Liu, “The Global Economic Crisis
and China's Foreign Trade Source,” Eurasian Geography and Economics, Vol.
50, No. 5, (October 2009), pp. 497-512.
Abstract: Two noted academic specialists on China's economic geography are joined
by a research assistant to examine the impact of the current global
economic crisis and recession on China's trade with the rest of the world.
Relying on statistics collected by the country's customs administration
China Economic Literature Index
March 2010
Page 42
through the first half of 2009, the authors identify and analyze trends in
China's imports and exports (detailing countries of origin and destination)
as well as balance of trade. They also develop and present an input-output
model in order to gain a more precise understanding of the country's trade
dependence (both before and during the crisis) than afforded by analyses
based on conventional statistics, and explore some of the implications of
the decline in trade on levels of domestic unemployment.
Cai, Fang, and Kam Wing Chan, “The Global Economic Crisis and Unemployment in
China Source,” Eurasian Geography and Economics, Vol. 50, No. 5, (October 2009),
pp. 513-531.
Abstract: Two noted academic specialists on labor economics and population
statistics of China examine the impacts of the global economic crisis of
2008-2009 on the job security of urban workers, and the ensuing
repercussions for the Chinese society and economy. More specifically,
they probe and determine the magnitude of urban unemployment in
China in 2008 and 2009 as it appears to be reported in different segments
of the country's immense labor market. A particular focus of the paper is
on differences in unemployment among two groups of workers (those
with urban hukou vis-a-vis rural migrant workers) with significantly
different sets of rights and privileges, as well as levels of job security. The
authors also provide an estimate of the urban unemployment rate in 2009
that differs from the official rate. They argue that measures toward further
integration of rural and urban labor markets and reducing natural
unemployment are ultimately more beneficial than short-term
interventions to adjust cyclical joblessness stemming from the global
economic crisis and recession.
Chou, Kuang-Hann, Chien-Hsun Chen, and Chao-Cheng Mai, “A Geospatial
Analysis of China's Exports, 1991-2008,” Eurasian Geography and Economics, Vol.
50, No. 5, (October 2009), pp. 532-546.
Abstract: Three Taiwan-based economists employ a range of exploratory spatial data
analysis tools (e.g., Moran's I and LISA statistics) to investigate trends in
the growth of China's exports over the period 1991-2008. A particular
focus is on the detection of spatial correlations between China and 40
export destination countries in major world regions. Emphasis in the
paper on the key years of 1991, 2001, 2006, and 2008 has enabled the
authors to analyze the impacts on China's trade of such major events as
the country's accession to the World Trade Organization and the global
CHINA ECONOMIC LITERATURE INDEX
March 2010
Page 43
economic crisis of 2008-2009. The results of the spatial analysis reveal the
continuing importance of the U. S. and Asian countries in China's export
trade (despite changes in the character of trade relations) and identify the
spatial outliers (e. g., in Latin America) that may serve as the basis for new
export markets for China in the future.
Yang, Chonglin, and Jessie P. H. Poon, “A Regional Analysis of China's Green GDP,”
Eurasian Geography and Economics, Vol. 50, No. 5, (October 2009), pp. 547-563.
Abstract: Chinese economist and U.S.-based economic geographer investigate
China's move toward introducing "greener" measures of economic output
to better assess the environmental costs associated with the country's
recent economic development. More specifically, the authors applied a
model of green gross regional product (GGRP) that adjusts for the costs of
growth arising from negative environmental externalities. They then
conduct a spatial analysis of the indicator's distribution across China's
provinces in 2007 in an attempt to better understand the factors explaining
its patterns. The analysis indicates that once environmental externalities in
the form of industrial wastes are accounted for, the coastal-inland divide
that traditionally describes China's geography of income inequality is
much less obvious. Rather a more diffuse pattern emerges, in which some
poor provinces are found to be relatively efficient regional producers
whereas certain wealthier ones are not.
Kaminski, Bartlomiej, and Gael Raballand, “Entrepot for Chinese Consumer Goods
in Central Asia: The Puzzle of Re-exports through Kyrgyz Bazaars,” Eurasian
Geography and Economics, Vol. 50, No. 5, (October 2009), pp. 581-590.
Abstract: Relying on mirror foreign trade statistics and their reconciliation with
official data on balance of payments, two economists demonstrate the
important role of bazaars as major conduits of trade in Central Asia, and
particularly of Kyrgyz bazaars for the entry of Chinese consumer goods
into the region. The authors estimate that in recent years up to three
quarters of the goods imported by Kyrgyzstan have been unofficially
re-exported to other Central Asian countries, generating substantial
income for the Kyrgyz economy. A concluding section explores the
implications of the re-export trade for Kyrgyzstan (e.g., positive spillovers
for domestic light industry) as well as the potential emergence of new
competitors (e.g., Kazakhstan).
Wang, Enru, “The Service Sector in the Chinese Economy: A Geographic Appraisal,”
Eurasian Geography and Economics, Vol. 50, No. 3, (June 2009), pp. 275-300.
China Economic Literature Index
March 2010
Page 44
Abstract: A U.S.-based economic geographer and observer of China's economy
examines the rapid expansion of the country's largely overlooked service
sector, at both the national and regional levels. A particular focus of the
author's research is on identifying regional variations in the development
of services within the country and exploring some of the more important
contributing factors. Based on the findings, the paper also discusses
structural shifts that occurred in China's regional economics, disclosing
inter alia that inequality in the contribution of services to GDP did not
follow the same trajectory as that of employment in services.
《 China Economic Literature Index》
Explanatory Note：On the Journals
Journal
Rate of Publication
Latest Available Publication
China Economic Review
quarterly
March 2010
China and World Economy
bimonthly
December 2009
Chinese Economy
bimonthly
February 2010
quarterly
February 2010
quarterly
June 2009
5 issues per year
December 2009
quarterly
March 2010
quarterly
March 2010
quarterly
March 2010
bimonthly
February 2010
biannual
January 2010
Journal of Chinese Economic
& Business Studies
Issues and Studies
Pacific Economic Review
Journal of Contemporary
China
International Review of
Economics & Finance
Modern China
Eurasian Geography and
Economics
China Journal
CHINA ECONOMIC LITERATURE INDEX
March 2010
Page 45
《 China Economic Literature Index》
＜ China Economic Literature Index ＞ intends to provide an immediate and
comprehensive index for professionals to understand the economic development in
China. We are sending our complimentray current issue of ＜ China Economic
Literature Index ＞ to subscribers and placing all issues on the website
(http://www3.nccu.edu.tw/~ctung/CN/cea.html) for complimentary downloads.
Should you have any suggestions, or wish to subscribe to China Economic Literature
Index free of charge, or to express support and encouragement to our research team
and works, kindly please contact:
Ms. Amy T. Mah
Research Associate, China Economic Databases, National Cheng-Chi University
E-mail: [email protected]
Chen-yuan Tung
Professor, Graduate Institute of Development Studies
Amy T. Mah
Research Associate, China Economic Databases
Guo-chen Wang
PhD Student, Graduate Institute of Development Studies
Address: Graduate Institute of Development Studies,
No.64, Sec2, Chi Nan Raod, Wen Shan District, Taipei, Taiwan 11605.
To download this file, please go to:http://ics.nccu.edu.tw/ced
http://www3.nccu.edu.tw/~ctung/CN/cea.html
Please email with any questions or comments at [email protected]
China Economic Literature Index
March 2010