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Market Development in China

Spillovers, Growth and Inequality Edited by Belton M. Fleisher, Ohio State University, US, Haizheng Li, Georgia Institute of Technology, US and Hunan University, China and Shunfeng Song, University of Nevada, Reno, US
Market Development in China presents the analysis of leading specialists on the causes, benefits and problems resulting from China’s transition to a market economy. As the authors illustrate, it is generally recognized that in the last 25 years China has achieved a rate of economic growth unmatched in any of the world’s major countries. However, this growth has been unequally shared, so that by the year 2000, China also exhibited what to many observers was an alarming degree of income inequality at individual, sectoral, and regional levels.
Extent: 288 pp
Hardback Price: $136.00 Web: $122.40
Publication Date: 2007
ISBN: 978 1 84542 851 8
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  • Asian Studies
  • Asian Development
  • Asian Economics
  • Development Studies
  • Asian Development
  • Development Economics
  • Development Studies
  • Economics and Finance
  • Asian Economics
  • Development Economics
Market Development in China presents the analysis of leading specialists on the causes, benefits and problems resulting from China’s transition to a market economy. As the authors illustrate, it is generally recognized that in the last 25 years China has achieved a rate of economic growth unmatched in any of the world’s major countries. However, this growth has been unequally shared, so that by the year 2000, China also exhibited what to many observers was an alarming degree of income inequality at individual, sectoral, and regional levels.

This books deals with several facets of China’s spectacular economic growth and its rising income inequality. It is shown that geographical and sectoral distribution of social services has increased the degree of inequality among Chinese households. On the positive side though, there is evidence that regionalization of commodity markets has decreased, promoting pricing equality, which is surely a cornerstone of income equality. Analysis is also presented on regional technology spillovers, rural–urban labor migration, and the relationship between FDI and the ability of state-owned enterprises to cope with the pressures of hard budget constraints. The book provides updated evidence on China’s social and economic inequalities and their causes.

The contributions make up a cohesive and valuable study that will appeal to scholars and researchers at many levels of academe in the fields of economics, Asian studies – and Chinese studies in particular – as well as development economists.
‘This book. . . presents the most insightful and comprehensive examination of current Chinese market development. . . The book is designed for use in a wide-range of studies on Chinese economic development, especially in market development, technology diffusion as well as education inequality. Each independent paper delivers a different research field, so it has wide appeal. Students and scholars who are studying or conducting research on Chinese economic development will find this book of particular interest.’
– Jiandong Chen, Journal of the Asia Pacific Economy
Contributors: Q. Bao, Z. Chen, B.M. Fleisher, E. Hannum, Yifan Hu, Youxin Hu, J. Huang, R. Kanbur, M. Lai, H. Li, Z. Lu, J. Luo, P. McCarthy, S. Opper, Z. Pan, S. Peng, S. Rozelle, S. Song, S.Y. Tong, M. Wang, S.M.L. Wong, H. Xu, F. Zhang, X. Zhang, G. Zheng
Contents:

Introduction

PART I: INEQUALITY IN CHINA
1. Measuring the Poverty Lines for Urban Households in China: An Equivalence Scale Method
Zhihong Chen

2. Geography and Educational Inequality in China
Emily Hannum and Meiyan Wang

3. Spatial Inequality in Education and Health Care in China
Xiaobo Zhang and Ravi Kanbur

4. From a Welfare to a Mixed-Plural Education System: Chinese Welfare, Education and Investment in Human Capital
Gongcheng Zheng

PART II: MARKET DEVELOPMENT AND SOURCES OF GROWTH
5. Political Economy of Labor Retrenchment: Evidence Based on China’s State-Owned Enterprises
Yifan Hu, Sonja Opper and Sonia M.L. Wong

6. The Emergence of Agricultural Commodity Markets in China
Jikun Huang and Scott Rozelle

7. Economic Transition and Demand Pattern: Evidence from China’s Paper and Paperboard Industry
Haizheng Li, Jifeng Lou and Patrick McCarthy

8. Export Composition and Technology Spillovers in China: An Empirical Study Based on the Extended Feder Model
Helian Hu, Qun Bao and Mingyong Lai

9. Technology Spillovers, Absorptive Capacity and Economic Growth
Mingyong Lai, Shuijun Peng, and Qun Bao

10. Productivity Spillovers from FDI: Detrimental or Beneficial? A Study of Chinese Manufacturing
Sarah Y. Tong and Youxin Hu

11. Rural–Urban Migration and Wage Determination: The Case of Tianjin, China
Zhigang Lu and Shunfeng Song

12. The Role of Home-Market Effects on China’s Domestic Production
Fan Zhang and Zuohong Pan

Index