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- Publisher Website: 10.1086/262124
- Scopus: eid_2-s2.0-0034118064
- WOS: WOS:000086063400008
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Article: Redistribution in a decentralized economy: Growth and inflation in China under reform
Title | Redistribution in a decentralized economy: Growth and inflation in China under reform |
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Authors | |
Issue Date | 2000 |
Citation | Journal of Political Economy, 2000, v. 108, n. 2, p. 422-439 How to Cite? |
Abstract | Despite expanding at an annual rate of nearly 9 percent, China's economy has exhibited a marked cyclical pattern: Periods of rapid growth, accompanied by accelerating inflation, are followed by contractions during which both growth and inflation fall. A widening gap also emerged between the output contribution of the state sector and its share of investment and employment. In this paper, we offer a consistent explanation for this behavior that reflects several key institutional features of China's economic reform: (i) economic decentralization, (ii) the government's commitment to the state sector, and (iii) the credit plan and credit control. |
Persistent Identifier | http://hdl.handle.net/10722/315165 |
ISSN | 2023 Impact Factor: 6.9 2023 SCImago Journal Rankings: 18.530 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Brandt, Loren | - |
dc.contributor.author | Zhu, Xiaodong | - |
dc.date.accessioned | 2022-08-05T10:17:54Z | - |
dc.date.available | 2022-08-05T10:17:54Z | - |
dc.date.issued | 2000 | - |
dc.identifier.citation | Journal of Political Economy, 2000, v. 108, n. 2, p. 422-439 | - |
dc.identifier.issn | 0022-3808 | - |
dc.identifier.uri | http://hdl.handle.net/10722/315165 | - |
dc.description.abstract | Despite expanding at an annual rate of nearly 9 percent, China's economy has exhibited a marked cyclical pattern: Periods of rapid growth, accompanied by accelerating inflation, are followed by contractions during which both growth and inflation fall. A widening gap also emerged between the output contribution of the state sector and its share of investment and employment. In this paper, we offer a consistent explanation for this behavior that reflects several key institutional features of China's economic reform: (i) economic decentralization, (ii) the government's commitment to the state sector, and (iii) the credit plan and credit control. | - |
dc.language | eng | - |
dc.relation.ispartof | Journal of Political Economy | - |
dc.title | Redistribution in a decentralized economy: Growth and inflation in China under reform | - |
dc.type | Article | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1086/262124 | - |
dc.identifier.scopus | eid_2-s2.0-0034118064 | - |
dc.identifier.volume | 108 | - |
dc.identifier.issue | 2 | - |
dc.identifier.spage | 422 | - |
dc.identifier.epage | 439 | - |
dc.identifier.isi | WOS:000086063400008 | - |