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Essays on Economic Growth and Inequa...

ProQuest Information and Learning Co.

Essays on Economic Growth and Inequality in China.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Essays on Economic Growth and Inequality in China./
Author:	Fu, Zhe.
Description:	1 online resource (128 pages)
Notes:	Source: Dissertation Abstracts International, Volume: 79-01(E), Section: A.
Contained By:	Dissertation Abstracts International79-01A(E).
Subject:	Economic theory. -
Online resource:	click for full text (PQDT)
ISBN:	9780355137323

Essays on Economic Growth and Inequality in China.
Fu, Zhe.

Essays on Economic Growth and Inequality in China. - 1 online resource (128 pages)

Source: Dissertation Abstracts International, Volume: 79-01(E), Section: A.

Thesis (Ph.D.)

Includes bibliographical references

Over the past decades, China experienced fast economic development with continuously rising economic inequality. This dissertation studies China's experiences in economic growth and inequality in recent years and offers policy guidance on infrastructure investment and financial intermediation.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9780355137323Subjects--Topical Terms:

809881
Economic theory.
Index Terms--Genre/Form:

554714
Electronic books.

Essays on Economic Growth and Inequality in China.
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020 $a 9780355137323
035 $a (MiAaPQ)AAI10602685
035 $a (MiAaPQ)gwu:13718
035 $a AAI10602685
040 $a MiAaPQ $b eng $c MiAaPQ
099 $a TUL $f hyy $c available through World Wide Web
100 1 $a Fu, Zhe. $3 1183507
245 1 0 $a Essays on Economic Growth and Inequality in China.
264 0 $c 2017
300 $a 1 online resource (128 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
500 $a Source: Dissertation Abstracts International, Volume: 79-01(E), Section: A.
500 $a Adviser: Chao Wei.
502 $a Thesis (Ph.D.) $c The George Washington University $d 2017.
504 $a Includes bibliographical references
520 $a Over the past decades, China experienced fast economic development with continuously rising economic inequality. This dissertation studies China's experiences in economic growth and inequality in recent years and offers policy guidance on infrastructure investment and financial intermediation.
520 $a The first essay develops a dynamic multi-sector model to evaluate the impact of infrastructure investment on wage inequality (the skill premium) and output growth. The model features an infrastructure-driven externality in the production of all goods and a production technology that uses low-skilled labor intensively when producing infrastructure investment goods. When calibrated to data, the model shows that the infrastructure investment plays an important role in slowing down the rise in wage inequality, but a limited role in boosting the output level.
520 $a The second essay uses the model from the first essay to examine the welfare consequence of the infrastructure investment expansion in China. The results indicate a welfare gain equivalent to a permanent 11% upward shift in consumption. Also, under the benchmark calibration, 19% of gross domestic product (GDP) per year should be devoted to infrastructure investment to maximize the welfare gain.
520 $a The third essay studies the potential effects of reducing financial intermediation cost on output level and income inequality. I construct a heterogeneous agent model with incomplete markets and costly financial intermediation. An experiment in reducing the intermediation cost establishes two key results. First, lower intermediation costs facilitate capital accumulation and promote output level. Second, the income inequality rises initially and then drops, which is consistent with empirical evidence found in papers studying China.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2018
538 $a Mode of access: World Wide Web
650 4 $a Economic theory. $3 809881
650 4 $a Asian studies. $3 1179577
655 7 $a Electronic books. $2 local $3 554714
690 $a 0511
690 $a 0342
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a The George Washington University. $b Economics. $3 1183508
773 0 $t Dissertation Abstracts International $g 79-01A(E).
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10602685 $z click for full text (PQDT)

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