BALANCING ACT: ADJUSTMENT OF CHINA'S ECONOMY TO SECURE SUSTAINABLE GROWTH-Reference-Cited by-同舟云学术

BALANCING ACT: ADJUSTMENT OF CHINA'S ECONOMY TO SECURE SUSTAINABLE GROWTH

Published:2017-12 Issue:05 Volume:62 Page:1097-1114
ISSN:0217-5908
Container-title:The Singapore Economic Review
language:en
Short-container-title:Singapore Econ. Rev.

Author:

YUTIAN SHI¹,HICKS JOHN²³,BASU P. K.²,SHARMA KISHOR²,BANDARA YAPA²,MURPHY TOM²

Affiliation:

1. School of English for International Business, Jilin Huaqiao University of Foreign Languages, P. R. China

2. School of Accounting and Finance and Institute of Land Water and Society, Charles Sturt University, Australia

3. School of Accounting and Finance, Charles Sturt University, Panorama Avenue, Bathurst, Australia, 2795, Australia

Abstract

This paper uses income accounting techniques to assess, counterfactually, the implied impact over the last 10 years of a hypothetical government policy to constrain investment growth in order to raise the share of consumption in GDP and to bring about a balance on current account. We find that both target variables are very sensitive to changes in investment and that a policy of careful reform is called for. In the light of this finding, we review Chinese government policy pronouncements and activity with a view to assessing their appropriateness.

Publisher

World Scientific Pub Co Pte Lt

Subject

Economics and Econometrics

Link

https://www.worldscientific.com/doi/pdf/10.1142/S0217590815501003

Reference20 articles.

1. Rebalancing Growth in China: A Three-Handed Approach

2. Accounting for Growth: Comparing China and India

3. A Breath of Fresh Air, but Questions About the Meaning of China’s Economic Imbalances Remain

4. Part-Peasants: Incomplete Rural-Urban Labour Migration in China