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MODIFICATION OF THE FEL'DMAN GROWTH MODEL AND ITS THEORETICAL AND POLICY REFLECTION IN THE CHINESE ECONOMY, 1953-1980.

紀錄類型:	書目-語言資料,手稿 : Monograph/item
正題名/作者:	MODIFICATION OF THE FEL'DMAN GROWTH MODEL AND ITS THEORETICAL AND POLICY REFLECTION IN THE CHINESE ECONOMY, 1953-1980./
作者:	OH, YONG-SUK.
面頁冊數:	1 online resource (244 pages)
附註:	Source: Dissertation Abstracts International, Volume: 46-02, Section: A, page: 4940.
標題:	Economic theory. -
電子資源:	click for full text (PQDT)

MODIFICATION OF THE FEL'DMAN GROWTH MODEL AND ITS THEORETICAL AND POLICY REFLECTION IN THE CHINESE ECONOMY, 1953-1980.
OH, YONG-SUK.

MODIFICATION OF THE FEL'DMAN GROWTH MODEL AND ITS THEORETICAL AND POLICY REFLECTION IN THE CHINESE ECONOMY, 1953-1980. - 1 online resource (244 pages)

Source: Dissertation Abstracts International, Volume: 46-02, Section: A, page: 4940.

Thesis (Ph.D.)--Indiana University, 1985.

Includes bibliographical references

One of the first growth models in economics was that developed by G. A. Fel'dman in the Soviet Union. That model seems to be useful in analyzing Chinese development strategy and Fel'dman-type models have been developed by Communist Chinese theorists.

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

Mode of access: World Wide Web

Subjects--Topical Terms:

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

554714
Electronic books.

MODIFICATION OF THE FEL'DMAN GROWTH MODEL AND ITS THEORETICAL AND POLICY REFLECTION IN THE CHINESE ECONOMY, 1953-1980.
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245 1 0 $a MODIFICATION OF THE FEL'DMAN GROWTH MODEL AND ITS THEORETICAL AND POLICY REFLECTION IN THE CHINESE ECONOMY, 1953-1980.
264 0 $c 1985
300 $a 1 online resource (244 pages)
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500 $a Source: Dissertation Abstracts International, Volume: 46-02, Section: A, page: 4940.
502 $a Thesis (Ph.D.)--Indiana University, 1985.
504 $a Includes bibliographical references
520 $a One of the first growth models in economics was that developed by G. A. Fel'dman in the Soviet Union. That model seems to be useful in analyzing Chinese development strategy and Fel'dman-type models have been developed by Communist Chinese theorists.
520 $a The Fel'dman two-sector model has a dual objective: rapid industrialization (minimum time objective) and catching up to a maximum level of per capita consumption (overtaking criterion). This study modifies and analyzes the Fel'dman model along the above objective.
520 $a In modifying the original Fel'dman model, this dissertation introduces considerations of labor input and foreign trade. Treating labor as a necessary input makes the model more like the real economy, and is also necessary to maintain output at positive level even when the capital stock of a sector drops to zero as a result of choosing to allocate all investment to the other sector.
520 $a The lopsided investment strategy turns out to be optimal to attain Fel'dman's dual objective. That is, by the Pontryagin Maximum Principle, the optimal policy for minimum time requires all available investment to be given initially to the producer goods sector (the Fel'dman first rule strategy) and then all investment to go to the consumer goods sector (the Fel'dman second rule strategy). The second rule strategy is also optimal for the overtaking criterion. Fel'dman's idea of rapid industrialization based on the first rule strategy is applicable only to LDC's in which the capacity of the producer goods sector is too small to pursue the consumption maximization on the basis of the second rule strategy.
520 $a The Fel'dman-type growth path is strikingly illustrated in Chinese economic development for 1953-80. The Chinese planners have pursued the policy fitted to the Fel'dman first rule strategy for the purpose of catching up with the world's advanced economies in the shortest possible time.
520 $a Regression of the modified Fel'dman model with China's statistical data shows that this model fits the Chinese economic structure and policy well. However, in the test of optimal policy, the optimality based on the deterministic Pontryagin Maximum Principle does not hold due to random variables in the stochastic model.
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
655 7 $a Electronic books. $2 local $3 554714
690 $a 0511
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a Indiana University. $3 1185260
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=8507863 $z click for full text (PQDT)