{"title":"Age Structure and Demographic Dividends: How Much Do Households Contribute to China's Economic Growth?","authors":"Qingsong Yao, Guoqing Zhao, Zijun Wang","doi":"10.2139/ssrn.3129705","DOIUrl":"https://doi.org/10.2139/ssrn.3129705","url":null,"abstract":"Abstract In this paper, we investigate how much Chinese households have contributed to China's economic growth between 1980 and 2015 from the perspective of age structure transitions. We first propose a theoretical framework for the quantification of the demographic dividends during an age structure transition. Then we utilize China's country-level data from 1980 to 2015 to quantitatively measure the economic growth rate that is driven by the demographic dividends. Empirical results indicate Chinese children generation possesses the strongest consumption capability, while the elderly has the weakest. Since China's children dependency ratio has been declining between 1980 and 2010 while the elderly dependency ratio increasing, Chinese age structure transitions lead to both the increase of labor supply and the households savings rate, positively contributing to China's economic growth in most of these years. Moreover, Chinese demographic dividends vanished in 2012, since when China has entered the periods of demographic burdens.","PeriodicalId":144069,"journal":{"name":"ERN: Institutional Change & Economic Growth (Topic)","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115200140","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Coordinating China's Economic Growth Strategy via Its Government-Controlled Association for Private Firms","authors":"Z. Lei, J. Nugent","doi":"10.2139/ssrn.3111182","DOIUrl":"https://doi.org/10.2139/ssrn.3111182","url":null,"abstract":"Abstract Scholars in economics and political science argue that one major function of government is to overcome coordination failure in economic development, especially during times of rapid environmental changes. But, how and through what means does the state coordinate firms to follow the changing directions of its economic objectives? This paper focuses on the case of a government-controlled business association, namely the All-China Federation of Industry and Commerce (ACFIC), and shows that the ACFIC may be serving, at least partially, as a means of avoiding the kind of coordination failures that are often associated with policy reform programs in authoritarian regimes like China when the government deems it necessary to radically and suddenly change its policy objectives. It does so by comparing the activities of firms that are members of ACFIC with non-members before and after the world financial crisis of 2008–09 which induced a significant change in government objectives. Before that crisis when priority in government objectives was “outward” (to stave off balance of payments crises that had befallen many other developing countries), ACFIC member firms were able to engage in exports and foreign investment to a greater extent than non-member firms, and even than those whose owners are members of the Congresses or Chinese Communist Party. After viewing the crises in international markets, and government objectives had turned more “inward”, ACFIC members were more likely to focus on domestic sales and investments.","PeriodicalId":144069,"journal":{"name":"ERN: Institutional Change & Economic Growth (Topic)","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-05-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134607445","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Australia's Linkages with China: Prospects and Ramifications of China's Economic Transition","authors":"Philippe D. Karam, Dirk Muir","doi":"10.5089/9781484357200.001","DOIUrl":"https://doi.org/10.5089/9781484357200.001","url":null,"abstract":"China and Australia have increasingly strong links, especially through trade. These are driven by demand from China for Australian commodities (coal and iron ore) and services (tourism and education). These links are influenced by China’s transition to a services-driven, consumer-led economy. Using ANZIMF, the Australia-New Zealand Integrated Monetary and Fiscal model, three risks (both upside and downside) to China during this transition process are considered, focusing on their spillovers to Australia. One simple takeaway is central to each risk – while the real GDP response to shocks in Australia typically is small, responses in demand components or sectors are usually much larger– along with three further takeaways, all of which help in the analysis of Australia in relation to any risk emanating from China.","PeriodicalId":144069,"journal":{"name":"ERN: Institutional Change & Economic Growth (Topic)","volume":"53 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133032507","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Blockchain: An Entangled Political Economy Approach","authors":"Darcy W. E. Allen, C. Berg, Mikayla Novak","doi":"10.2139/ssrn.3158805","DOIUrl":"https://doi.org/10.2139/ssrn.3158805","url":null,"abstract":"This paper incorporates blockchain activities into the broader remit of entangled political economy theory, emphasising economic and other social phenomena as the emergent by-product of human interactions. Blockchains are a digital technology combining peer-to-peer network computing\u0000 and cryptography to create an immutable decentralised public ledger. The blockchain contrasts vintage ledger technologies, either paper-based or maintained by in-house databases, largely reliant upon hierarchical, third-party trust mechanisms for their maintenance and security. Recent contributions\u0000 to the blockchain studies literature suggest that the blockchain itself poses as an institutional technology that could challenge existing forms of coordination and governance organised on the basis of vintage ledgers. This proposition has significant implications for the relevance of existing\u0000 entangled relationships in the economic, social and political domains. Blockchain enables non-territorial 'crypto-secession', not only reducing the costs associated with maintaining ledgers, but radically revising and deconcentrating data-conditioned networks to fundamentally challenge the\u0000 economic positions of legacy firms and governments. These insights are further illuminated with reference to finance, property and identity cases. Entangled political economy provides a compelling lens through which we can discern the impact of blockchain technology on some of our most important\u0000 relationships.","PeriodicalId":144069,"journal":{"name":"ERN: Institutional Change & Economic Growth (Topic)","volume":"241 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123003177","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Evaluation of Industrial and Innovation Policy in the Diversification of Industrial Structure of Kazakhstan's Economy","authors":"A. Daurenbekova","doi":"10.2139/ssrn.3151860","DOIUrl":"https://doi.org/10.2139/ssrn.3151860","url":null,"abstract":"It is considered in the paper the role and the place of \"the State Program of forced industrial-innovative development of the Republic of Kazakhstan for 2010-2014\" in providing of diversification and enhancing competitiveness of the economy. It is given analysis and evaluation of the program implementation, its influence on development of priority economy sectors providing diversification of branch structure of the economy, forming the centers of economic growth, and ensuring of effective interaction between government and business in the development of priority economy sectors.","PeriodicalId":144069,"journal":{"name":"ERN: Institutional Change & Economic Growth (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129702194","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"To What Extent Is Addressing Property Rights an Effective Strategic Tool for Supporting the Rural Poor in Colombia?","authors":"Byron Ramirez","doi":"10.2139/ssrn.3142439","DOIUrl":"https://doi.org/10.2139/ssrn.3142439","url":null,"abstract":"Considering former FARC members’ re-integration into society as well as farmers longing for a return to their lands, it is clear that Colombia must devise a plan for inclusive rural economic development and economic growth that helps lift people out of poverty. Such a plan must address land tenure issues and help integrate Colombia’s farmers and rural workers into the formal economy. Yet, there is no simple, seemingly magical, solution to the complex challenge of rural poverty in Colombia. This essay discusses how property rights can serve as an effective strategic tool for supporting the rural poor. Moreover, property rights combined with an effective land reform process can help improve the lives of thousands of Colombians as long as these efforts are supported by other complementary policy prescriptions.","PeriodicalId":144069,"journal":{"name":"ERN: Institutional Change & Economic Growth (Topic)","volume":"104 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121801070","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Neoliberalism, the Asian Financial Crisis, and Structural Adjustment Programs: The Case of Thailand","authors":"Byron Ramirez","doi":"10.2139/ssrn.3130457","DOIUrl":"https://doi.org/10.2139/ssrn.3130457","url":null,"abstract":"As is the case with several other developing countries which grew rapidly in the 1980s and 1990s, Thailand was largely influenced by neoliberalism. This essay discusses neoliberalism, its influence on Thailand, and the role that neoliberalism played in the subsequent Asian financial crisis. Thailand’s swift economic rise through the mid-1990s, was followed by a severe economic and financial crisis that would spread to other countries in the region. Once the Asian financial crisis had commenced, the IMF intervened and introduced a set of policies which yielded some unintended consequences.","PeriodicalId":144069,"journal":{"name":"ERN: Institutional Change & Economic Growth (Topic)","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-02-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130935315","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Suicide Mortality in Russia: Do Urban Men React to Economic Fluctuations More than Women?","authors":"D. Kolesnik","doi":"10.2139/ssrn.3111345","DOIUrl":"https://doi.org/10.2139/ssrn.3111345","url":null,"abstract":"Suicides have a considerable effect on the labour supply due to its high place in the list of mortality causes of working age population. However, many countries do not conduct a suicide preventive policy. The Russian Federation is one of them, but its suicide mortality rates are falling since the beginning of 2000's. In this paper the issue of suicide mortality of working age population is considered in terms of the influence of economic fluctuations on suicidal behavior specific to gender. The hypothesis about the gender difference was confirmed: the reaction of men’s suicidal mortality rates to increase of economic factors (real GRP growth rate and income per capita) is negative and significant, while women’s is insignificant. Besides that, crude marriage and divorce ratio are also significant for men: marriages with negative effect on suicide rates and divorces with positive. Crude birth rates are positive and significant and total dependency ratio is negative and significant for both sexes. Dependency ratio with distinction for child and aged shows ambiguous result. Number of physicians per capita and museum attendance per head are insignificant.","PeriodicalId":144069,"journal":{"name":"ERN: Institutional Change & Economic Growth (Topic)","volume":"129 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130495729","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Connection between Economics, Culture and Cultural Diplomacy","authors":"A. Valiyev","doi":"10.26458/1735","DOIUrl":"https://doi.org/10.26458/1735","url":null,"abstract":"Today, culture is one of the main feeble factors of economic development. The leading role of culture in economic development should be argued as multiple: so, firstly, as domestic value, secondly, as a main factor of regional economic development advanced to raised gravity of different regions for residents, tourists and investors, thirdly, as major parameter of social development based on tolerance, creativity and knowledge. To the different international experiences, culture is the main part of economic development in our life. Cultural diversities are combined into a main reasonable economic development model. The article consist of explanations about the understanding of culture, cultural diplomacy and economics, approach on the conflicts between culture and economics, to find how is culture affecting the economic development, and the role of culture in economic development of Azerbaijan. The article can be considered as a useful resource for experts and researchers conducting research in this field.","PeriodicalId":144069,"journal":{"name":"ERN: Institutional Change & Economic Growth (Topic)","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131482254","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Structural Transformation and Its Relevance for Economic Growth in Sub-Saharan Africa","authors":"M. Busse, Ceren Erdogan, Henning Mühlen","doi":"10.2139/ssrn.3029477","DOIUrl":"https://doi.org/10.2139/ssrn.3029477","url":null,"abstract":"In this paper, we analyse the role of structural transformation in view of the remarkable growth performance of sub-Saharan African countries since the mid-1990s. Our analysis covers 41 African countries over the period 1980 to 2014 and accounts for structural transformation by employing the analytical frameworks of (1) growth decomposition and (2) growth regression. Even though the low-productive agricultural sector continues to employ most of the African workforce, our results reveal that structural transformation has taken place and that it has contributed significantly to African growth in the past decades.","PeriodicalId":144069,"journal":{"name":"ERN: Institutional Change & Economic Growth (Topic)","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128210824","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}