China: The Next Twenty Years of Reform and Development

Garnaut, Ross; Golley, Jane; Song, Ligang

doi:10.26530/oapen_458874

Cited by 7 publications

(4 citation statements)

References 57 publications

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“…They confirm the complementary relationship between trade and FDI in these countries. These results are consistent with those of (Garnaut et al, 2010). He found a positive and significant relationship after discerning the effect of Chinese FDI on the trade of Asian economies (Pakistan, Thailand, Singapore, Hong Kong, Macao, India, South Korea, and Taiwan).…”

Section: Resultssupporting

confidence: 93%

Effect of Foreign Direct Investment on Bilateral Trade: Experience From Asian Emerging Economies

Sohail

Zatullah

2021

Sage Open

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This study examines the effects of foreign direct investment (FDI) on bilateral trade between East and South Asian emerging economies, including their related trading partners. We cover the bilateral data on trade and FDI from June 2001 to June 2019. We estimate an augmented gravity model of trade to examine the study sample. This study is the first to use the Mundlak approaches an alternative for the fixed effect model to empirically estimate the relationship between FDI and trade among the countries in the region. Results show that free trade agreements (FTAs) and the corruption perception index (CPI) significantly and positively affect bilateral trade. However, the distance variable has become insignificant after introducing the FTA variable to the model. This finding indicates that FTAs marginalize the effect of distance on bilateral trade between the member countries. Thus, policymakers in developing countries should encourage and liberalize FDI from developing countries to enhance the bilateral trade volume.

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Section: Resultssupporting

confidence: 93%

Effect of Foreign Direct Investment on Bilateral Trade: Experience From Asian Emerging Economies

Sohail

Zatullah

2021

Sage Open

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“…The growth rate of labor supply is predicted to turn negative by around 2020 (Tyers et al , 2009). China is faced with a turning point where the period of surplus labor has come to an end (Garnaut, 2010). This turning point has prompted a heated debate (see, e.g.…”

Section: Introductionmentioning

confidence: 99%

Transportation infrastructure and rural development in China

Wang

Sun

2016

CAER

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Purpose The infrastructure investment is one important source of economic growth in China in the past three decades. However it is not clear to what extent such investment affects development in rural area. The purpose of this paper is to explore this impact both conceptually and quantitatively, and draw policy implications from the empirical exercise. Design/methodology/approach The authors first describe the conceptual link between the transportation infrastructure and rural development, which motivates the empirical model. Then by utilizing an autoregressive distributed lag model, the authors estimate both the short- and long-run impacts of the transportation infrastructure on rural development, in terms of cereal yield and per capita net income of rural households. Findings The authors find that investment in transportation infrastructure positively affects rural development in China. In terms of cereal yield, a 1 percent increase in the road infrastructure (road length) leads to around 0.05 percent increase in cereal yield in the short-, and around 0.19 percent increase in the long-run. In terms of the per capita net income of rural households, a 1 percent increase in the road infrastructure results in around 0.14 percent increase in the short-, and its long-run impact is not statistically significant. The positive impacts lend supports to promote investment in the transportation infrastructure. To this end, in addition to the government funding, the participation of private capital can also be promoted through a number of channels, such as the build-operate-transfer, public-private partnership, and establishment of infrastructure investment bank. Originality/value This study evaluates the impacts of transportation infrastructure on rural development in China. Despite of the importance of infrastructure and rural development, there is a lack of study on the interaction between them. This paper intends to fill in this gap. In addition, implications drawn in this exercise can benefit policy makers not only in China, but also in other developing countries.

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“…Widening disparities between rural and urban areas, abetted by pro-urban policies, have produced rural-urban migration, posing obstacles to balanced growth (World Bank, 2009). These development are occurring at a time when China's need to embrace a new strategy of sustainable economic growth has been recognized (Garnaut, Golley, & Song, 2010;Rozelle, Huang, & Zhang, 2002).…”

Section: Introductionmentioning

confidence: 99%

Rebalancing the Chinese Economy through Rural Development: How Much Does Land Consolidation Help?

Wang¹

2019

dtem

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This paper examines the role of land consolidation in contributing to the Chinese government's objective of sustainable and balanced growth of the economy. Our review shows the current approach by the government suffers from major deficiencies: 1) historical legacy in land law amendment; 2) the reliance on rural encroachment for financing local fiscal income 3) deficiencies of land consolidation model.

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China: The Next Twenty Years of Reform and Development

Cited by 7 publications

References 57 publications

Effect of Foreign Direct Investment on Bilateral Trade: Experience From Asian Emerging Economies

Effect of Foreign Direct Investment on Bilateral Trade: Experience From Asian Emerging Economies

Transportation infrastructure and rural development in China

Rebalancing the Chinese Economy through Rural Development: How Much Does Land Consolidation Help?

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