Chinese Economy

 

Fall 2013

Lecture Notes Update:

(listed only covers the economics part of the course)

Lecture notes 1         Lecture notes 2         Lecture notes 3         Lecture notes 4

Lecture notes 5         Lecture notes 6         Lecture notes 7         Lecture notes 8

 

Sept. 3, 2013

(wk36)       

Introduction and Overview (L1, KB+PD)

Required readings:

> Naughton, Chapter 1

> Robert Fogel’s Forecast of the World Economy in 2040

Recommended:

> Larry Summers on China: Have some historical sense of our times

> Martin Jacques TED talk, Understanding the Rise of China

Sept. 17, 2013

(wk38)    

China’s Reform: Initial Experiments (L3, PD)

Required readings:

> Naughton, Chapter 3 & 10

> Weil, David, “The Solow Model,” in Economic Growth (2nd ed.), Ch. 3, pp. 48-68.

> Basu, K., “The Lewis Model,” in Analytical Development Economics, pp.153-157.

Optional readings:

> Vogel, Ezra F., 2011, “Banishment and Return,” Ch. 2 in Deng Xiaoping and the Transformation of China, Harvard University Press, pp. 49-59.

> Li, W. & Yang, D. T. 2005. “The Great Leap Forward: Anatomy of a Central Planning Disaster,” Journal of Political Economy, 113(4): 840-877.

Recommended:

> The largest migration in human history

 

Oct. 1, 2013     

(wk40) 

China’s Reform in State-Owned Enterprises (SOEs): Getting the incentives right (L5, PD)

Required readings:

> Naughton, Chapter 13

> Qian, Y. et al. 1999. “From Federalism, Chinese Style, to Privatization, Chinese Style,” Economics of Transition, 7(1): 103-131.

> Vogel, Ezra F., 2011, “Deng’s Finale: The Southern Journey, 1992,” in Vogel, Deng Xiaoping and the Transformation of China, Harvard University Press, pp. 664-690.

Recommended:

> The college bubble in China

 

Oct. 22, 2013

(wk43)  

China’s Reintegration into the World Economy: Trade as the growth engine (L7, PD)

Required readings:

> Naughton, Chapter 16, 17

> Michael Spence, “Why China grows So Fast?,” Wall Street Journal, Jan. 23, 2007.

Optional readings:

> Vogel, Ezra F., 2011, “Experiments in Guangdong and Fujian, 1979-1984” in Vogel, Deng Xiaoping and the Transformation of China, Harvard University Press,pp. 394-422.

> Feenstra, R. and Wei, S.J. 2009 “Introduction to ‘China’s Growing Role in World Trade’,” NBER Working Papers, 14716.

>Bransetter, L. and Lardy, N. 2006. “China’s Embrace of Globalization,” NBER Working Paper, 12373.

Recommended:

> Anderson, J., “Is China Export-Led?“, UBS Investment Research Report, Sept. 2007.

> “An Old Chinese Myth“, Economist Magazine, Jan. 2008.

Nov. 5, 2013

  (wk45)       

 

Taking Stock: What China has done right (L9, PD)

Required readings:

> Qian, Y. “How Reform Worked in China,” in Dani Rodrik, editor, In Search of Prosperity: Analytic Narratives on Economic Growth, Princeton University Press, 2003, pp. 297-333.

> Coase, R. and Wang, N. “How China Made Its Great Leap Forward,” Wall Street Journal, April 6, 2012.

Optional readings:

> Rogers, Jim, “Notes from the Wild, Wild East”, Chapter 5 in Rogers, Hot Commodities, Random House: New York, 2004, pp. 95-119.

> Friedman, Thomas, “India vs. China vs. Egypt” NY Times, Feb. 5, 2013.

> Xu, Chenggang. 2011.“The Fundamental Institutions of China’s Reform and Development,” Journal of Economic Literature, 49(4):1076-1151.

Nov. 19, 2013         (wk47)          

 

Taking Stock: What China has not done right (L11, PD)

Required readings:

> Roach, S. “China’s Rebalancing Challenge”, in Roach, The Next Asia, Wiley, 2010, pp.172-188.

 >“Rising Power, Anxious State”, Special Report on China, Economist, Jan. 2011.

Optional readings:

>“China’s Big Banks – Giant Reality-check”, Economist, Aug. 2013.

 

Nov. 26, 2013    

 (wk48)   

Closing Remarks: The rocky road ahead (L12, KB+PD)

Required readings:

> Qian, Y. and Wu, J.N. 2003. “China’s Transition to A Market Economy: How Far Across the River”, in N.C. Hope, et al., editors, How Far Across the River: Chinese Policy Reform at the Millennium, Stanford University Press, pp.31-63.

> Becker, G., “Is China’s Economic Future a Rosy One?”, The Beck-Postner Blog, Feb. 26, 2012.