Microfoundations of Growth in China|
The rise of China is one of the most remarkable, if not miraculous, economic events in recent history. The course seeks to present a comprehensive overview of the transition challenges China faces as it continues to move from a centrally planned economy to adopting a greater reliance on market-based mechanisms. By reviewing the microeconomic literature on China's recent economic and institutional transformation, the class hopes to provide a general analytical framework for understanding the economic implications of the process.
||Gen Ed Area Dept:
|Course Format: Lecture / Discussion||Grading Mode: Graded|
||Prerequisites: ECON300 AND ECON301
||Fulfills a Major Requirement for: (CEAS-MN)(CEAS-Polit Econ)(ECON-MN)(ECON)
||Past Enrollment Probability: 90% or above
|Major Readings: Wesleyan RJ Julia Bookstore
Michael Pettis, "The Four Stages of Chinese Growth," http://carnegieendowment.org/2014/06/18/four-stages-of-chinese-growth-pub-55947
Stiglitz, Joseph E. "Wither Reform? Ten Years of Transition." Paper prepared for World Bank Annual Conference on Development Economics, Washington D.C., April 1999.
Lau, Lawrence, Yingyi Qian, and Gérard Roland, "Reform without Losers: An Interpretation of China's Dual-Track Approach to Transition", Journal of Political Economy, February 2000, 108(1), pp. 120-143.
Week 2: Pre-reform Period: Central Planning and China's Great Famine
Lin, Justin Yifu. "Collectivization and China's Agricultural Crisis in 1959-1961." Journal of Political Economy, vol. 98, no. 6, 1990, pp. 1228¿1252.
Meng, Xin, Nancy Qian and Pierre Yared, "The Institutional Causes of Famine in China, 1959-61", The Review of Economic Studies, 82(4),2015, p.1568-1611.
Week 3: Rural Reform: Land Tenure and Agricultural Productivity
Lin, Justin Yifu. "Rural Reforms and Agricultural Growth in China." The American Economic Review, vol. 82, no. 1, 1992, pp. 34¿51.
Brandt, Loren, Jikun Huang, Guo Li, and Scott Rozelle, "Land Rights in Rural China: Facts, Fictions and Issues," The China Journal, No. 47(2002):67-97.
Zhao, Xiaoxue, "To Reallocate or Not? Optimal Land Institutions under Communal Tenure: Evidence from China."
Week 4: Family Planning and Demography
Rosenzweig, Mark and Junsen Zhang, "Do Population Control Policies Induce More Human Capital Investment? Twins, Birthweight, and China's 'One Child' Policy," Review of Economic Studies, July 2009.
Qian, Nancy, "Missing women and the price of tea in China: The effect of sex-specific earnings on sex imbalance," Quarterly Journal of Economics, 2008, 123 (3): 1251-1285.
Week 5: Political Economy I: Fiscal Reform
Oi, Jean C., "Fiscal Reform and the Economic Foundations of Local State Corporatism in China," World Politics, 1992, 45:1, pp. 99-126.
Han, Li and James Kai-Sing Kung, "Fiscal incentives and policy choices of local governments: Evidence from China," Journal of Development Economics, Volume 116, September 2015, Pages 89-104.
Week 6: Political Economy II: Incentives of Local Officials
Martinez-Bravo, Monica, Gerard Padró-i-Miquel, Nancy Qian, and Yang Yao "Elections in China," http://www.econ.yale.edu/~nq3/NANCYS_Yale_Website/resources/papers/Vdem_20141031.pdf
Li, Hongbin and Li-An Zhou, "Political Turnover and Economic Performance: The Incentive Role of Personnel Control in China," Journal of Public Economics, 2005, 89:1743-1762.
Week 7: Industrialization and Firms
Jin, Hehui and Yingyi, Qian, "Public versus Private Ownership of Firms: Evidence from Rural China", Quarterly Journal of Economics, August 1998, 113(3), pp. 773-808.
Huang, Yasheng. 2012. "How Did China Take Off?" Journal of Economic Perspectives, 26(4): 147-70.
Li, Honbin, Lingsheng Meng, Qian Wang and Li-an Zhou, "Political Connections, Financing and Firm Performance: Evidence from Chinese Private Firms," Journal of Development Economics 87, 2008, pp. 283-299.
Week 8: Labor Market
Meng, Xin. 2012. "Labor Market Outcomes and Reforms in China." Journal of Economic Perspectives, 26(4): 75-102.
Wang, Shing-Yi, "State Misallocation and Housing Prices: Theory and Evidence from China." American Economic Review, 2011, 101(5): 2081-2107.
Jia, Ruixue and Hongbin Li, "Access to Elite Education, Wage Premium and Social Mobility: The Truth and Illusion of China's College Entrance Exam," http://scid.stanford.edu/sites/default/files/publications/577wp_1.pdf
Week 9: Trade and Globalization
Khandelwal, Amit K., Peter K. Schott and Shang-Jin Wei, "Trade Liberalization and Embedded Institutional Reform: Evidence from Chinese Exporters" (2013), American Economic Review, American Economic Association, vol. 103(6), pages 2169-95, October.
Autor, David H., David Dorn and Gordon H. Hanson. 2013. "The China Syndrome: Loca
|Examination and Assignments: |
2 policy briefs, one research proposal, one final project
|Instructor(s): Zhao,Xiaoxue Times: ..T.R.. 01:20PM-02:40PM; Location: PAC125; |
|Total Enrollment Limit: 25||SR major: 10||JR major: 10|| || |
|Seats Available: 15||GRAD: X||SR non-major: 0||JR non-major: 5||SO: 0||FR: X|