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Achieving Inclusive Growth in China Through Vertical Specialization [Kietas viršelis]

(Professor of Economics, Tianjin University of Commerce, China)
  • Formatas: Hardback, 376 pages, aukštis x plotis: 229x152 mm, weight: 520 g
  • Išleidimo metai: 22-Mar-2016
  • Leidėjas: Chandos Publishing (Oxford) Ltd
  • ISBN-10: 0081006276
  • ISBN-13: 9780081006276
  • Formatas: Hardback, 376 pages, aukštis x plotis: 229x152 mm, weight: 520 g
  • Išleidimo metai: 22-Mar-2016
  • Leidėjas: Chandos Publishing (Oxford) Ltd
  • ISBN-10: 0081006276
  • ISBN-13: 9780081006276
Vertical Specialization and Inclusive Growth in China discusses the two interrelated developments that have transformed the Chinese economy in recent years. First, the global community has increased calls to foster inclusive economic growth, with China embracing this trend. Second, the explosive growth in China’s trade resulting from international vertical specialization production and trade networks which has complicated the notion of inclusive growth in the Chinese context.This book assesses these two trends quantitatively, giving evidence of the link between vertical specialization and inclusive growth, and then decomposing the inclusive growth effects of vertically specialized trade into six components: GDP growth, export growth, FDI, environment, employment, and innovation. It further explores the differing impact of conventional trade and processing trade on inclusive growth, providing direction for future policy. This second book by the author to consider vertical specialization stresses the importance of integration in driving inclusive growth.Argues that inclusive growth and vertical specialization analyses must be performed togetherGives quantitative evidence for the link between vertical specialization and inclusive growth in ChinaInvestigates the different impact of conventional trade and processing trade on transition to inclusive growth in China, using comparative analysis techniquesOffers insight on forming future policy in China to increase inclusive growth

Daugiau informacijos

This second book by the author to consider vertical specialization stresses the importance of integration in driving inclusive growth in China, providing evidence linking international vertical specialization in China to inclusive economic growth
About the author ix
Acknowledgments xi
1 Introduction: key elements of a transformation in China
1(8)
1.1 Background
1(1)
1.2 Six components of the problem of inclusive growth in China
2(1)
1.3 Analytical framework
3(6)
Appendix
6(3)
2 The evolving pattern of China's free trade from a vertically specialized perspective during the transition to inclusive growth in China
9(6)
2.1 Introduction
9(1)
2.2 An overview of inclusive growth in China: policies and practices
10(1)
2.3 Comparative advantage and patterns of China's foreign trade: 1981--2012
11(3)
2.4 Concluding remarks and policy implications
14(1)
3 Vertical specialization and enlarging the size of the economy: comparing impacts of conventional trade and processing trade patterns on GDP growth in China
15(56)
3.1 Introduction
15(1)
3.2 The nature of the relationship between trade openness and economic growth
16(1)
3.3 Empirical evidence of the impact of vertically specialized trade policy on the economic growth in China
16(6)
3.4 Concluding remarks and policy implications
22(49)
Appendix A Variables grouping
23(1)
Appendix B The results of unit root tests
24(1)
Appendix C Results of reintegration tests
25(10)
Appendix D Results of vector error correction model
35(5)
Appendix E VEC Granger causality/block exogeneity Wald tests
40(10)
Appendix F Impulse responses function
50(10)
Appendix G Results of variance decomposition
60(11)
4 Vertical specialization and increasing productive employment: comparing impacts of conventional trade and processing trade patterns on labor market in China
71(68)
4.1 Introduction
71(1)
4.2 Trade and labor markets
72(1)
4.3 Empirical evidence of the impact of vertically specialized trade policy on the labor market in China
73(9)
4.4 Concluding remarks and policy implications
82(57)
Appendix A Variables grouping
83(1)
Appendix B The results of unit root tests
84(1)
Appendix C Results of cointegration tests
85(14)
Appendix D Results of vector error correction model
99(7)
Appendix E Results of Granger causality tests
106(12)
Appendix F Impulse responses function
118(14)
Appendix G Results of variance decomposition
132(7)
5 Vertical specialization and accelerating poverty reduction: comparing impacts of conventional trade and processing trade patterns on income in China
139(50)
5.1 Introduction
139(1)
5.2 Trade and income in the economic literature
140(1)
5.3 Methodology and data
140(2)
5.4 Relation between vertically specialized trade and income in China
142(7)
5.5 Concluding remarks and policy implications
149(40)
Appendix A Variables grouping
150(1)
Appendix B The results of unit root tests
151(1)
Appendix C Results of cointegration tests
152(8)
Appendix D Results of vector error correction model
160(4)
Appendix E Results of Granger causality tests
164(8)
Appendix F Impulse response function
172(8)
Appendix G Results of variance decomposition
180(9)
6 Vertical specialization and lowering environmental damage: comparing impacts of conventional trade and processing trade patterns on energy consumption in China
189(56)
6.1 Introduction
189(1)
6.2 International trade and energy consumption
190(1)
6.3 Empirical evidence of the impact of vertical specialization trade policy on energy consumption
191(7)
6.4 Concluding remarks and policy implications
198(47)
Appendix A Variables grouping
299
Appendix B The results of unit root tests
200(1)
Appendix C Results of cointegration tests
201(10)
Appendix D Results of vector error correction model
211(7)
Appendix E Results of Granger causality tests
218(11)
Appendix F Impulse responses function
229(10)
Appendix G Results of variance decomposition
239(6)
7 Vertical specialization and strengthening indigenous innovation: comparing impacts of conventional trade and processing trade patterns on innovation in China
245(26)
7.1 Introduction
245(1)
7.2 Institutional background
246(1)
7.3 Empirical evidence of the impact of vertically specialized trade on indigenous innovation in China
247(5)
7.4 Concluding remarks and policy implications
252(19)
Appendix A Variables grouping
253(1)
Appendix B The results of unit root tests
254(1)
Appendix C Results of cointegration tests
255(4)
Appendix D Results of vector error correction model
259(2)
Appendix E Results of Granger causality tests
261(3)
Appendix F Impulse response function
264(4)
Appendix G Results of variance decomposition
268(3)
8 Vertical specialization and upgrading utilization of foreign capital: comparing impacts of conventional trade and processing trade patterns on foreign investment in China
271(78)
8.1 Introduction
271(1)
8.2 Institutional background
272(1)
8.3 Empirical evidence of the impact of vertical specialization trade policy on utilization of foreign capital in China
272(9)
8.4 Concluding remarks and policy implications
281(68)
Appendix A Variables grouping
282(1)
Appendix B The results of unit root tests
283(1)
Appendix C Results of cointegration tests
284(16)
Appendix D Results of vector error correction model
300(9)
Appendix E Results of Granger causality tests
309(16)
Appendix F Impulse response function
325(16)
Appendix G Results of variance decomposition
341(8)
9 Concluding remarks
349(4)
9.1 Main results of the analysis
349(1)
9.2 Policy options
350(3)
References 353(6)
Index 359
Wei Wang is the Professor of Economics at the Tianjin University of Commerce in the Peoples Republic of China. Having written two books and over 20 academic articles and chapters, he remains interested in Chinas foreign trade theory and policy.