A theory of economic development and dynamics of Chinese economy

Lu, Saite; Shen, Jim Huangnan; Li, Weiping; Zhang, Jun

doi:10.1016/j.econmod.2019.06.003

Cited by 19 publications

(8 citation statements)

References 3 publications

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“…Table 1 shows those domestic industries in China that are more integrated into the global value chains are also downstream industries, because the mean value of the upstreamness for those that are more integrated in the global value chain is below 2. China's downstream industries that have been more integrated into global value chains exhibit lower value‐added, profitability, output capacity and capital‐intensiveness; as shown in Figure 5, this has become one of the main reasons causing China's economy to persistently stagnate in a circular pattern of labour‐intensive and low value‐added economic growth (Lu et al., 2020).…”

Section: Suggestive Empirical Patterns and Policy Implicationsmentioning

confidence: 99%

Towards a dynamic model of the industrial upgrading with global value chains

Shen

Zhang

et al. 2020

World Economy

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This research constructs a simple dynamic model to illustrate the micro‐mechanism of industrial upgrading along the global value chains. Our model predicts that as firms move up from downstream to upstream stages, (a) there is higher profitability if and only if the following three conditions are satisfied. First, the increasing rate of sunk cost (including R&D expenditure) over sequential stages of production cannot be sufficiently large (endogenous sunk cost effect). Second, the decreasing rate of change of intermediate input demand with respect to the price set by firms at a production stage cannot be sufficiently high (intermediate input price effect). Third, the decreasing rate of change of intermediate input demand with respect to the pricing dynamics over the sequential stages of production cannot be sufficiently large (sequential pricing uncertainty effect); (b) total cost is lower if and only if the decreasing rate of change of input demand with respect to the price is sufficiently large; (c) output is higher if and only if and the decreasing rate of change of input demand with respect to the price is not sufficiently large; and (d) the price decreases. We show that the empirical patterns revealed in China are consistent with our model's predictions.

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Section: Suggestive Empirical Patterns and Policy Implicationsmentioning

confidence: 99%

Towards a dynamic model of the industrial upgrading with global value chains

Shen

Zhang

et al. 2020

World Economy

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“…World practice reveals that the prosperous execution of the substitution of import policy permits Russia to assimilate effortlessly into the global economic relations' system, which boosts the nations' economic expansion and quicken the creation and growth of the domestic industrial market. All that, in fact, greatly determines why the issues of the implementation of the policy of the substitution of import are closely examined by a number of foreign and Russian scholars and researchers (Aronov, 2015;Dzobelova & Olisaeva, 2015;Lu et al, 2020;Çiftçioğlu and Sokhanvar, 2021).…”

Section: Introductionmentioning

confidence: 99%

Examen de nueva sustitución de importaciones en el sector de la agroindustria

Tskhurbaeva

Davletbaeva

Dzobelova

et al. 2022

Rev. Invest. Univ. Quindío

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La expansión de los procedimientos de globalización, la intensificación de la competencia y las prolongadas sanciones tecnológicas y económicas contra Rusia exigen adaptar los objetivos estratégicos en materia de sustitución de importaciones. El presente estudio pretende analizar una nueva sustitución de importaciones en el complejo agroindustrial como elemento fundamental para superar la diferenciación interregional. Para ello, se utilizan enfoques científicos generales y particulares de la cognición, incluidos los principios de la dialéctica, la síntesis y el análisis, la generalización y la comparación, las tipologías y agrupaciones y las técnicas empíricas. El examen de la morfogénesis del procedimiento investigado permite establecer que las características del edificio y la ejecución de la política de sustitución de importaciones en las circunstancias de una economía orientada a la innovación aún no han sido analizadas a fondo; los beneficios particulares y las malas conexiones de las medidas de sustitución de importaciones no han sido plenamente reconocidos. No hay una mera explicación de las principales clasificaciones; las limitaciones y posibilidades de implementar una política de sustitución de importaciones en cuanto a la necesidad de incrementar el nivel de actividad innovadora no han sido del todo justificadas. Todo ello necesita del rápido crecimiento de métodos metodológicos y teóricos en cuanto a las herramientas y estrategia de sustitución de importaciones.

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“…Since the reform and opening up, China's economy has maintained rapid growth [1], and China's GDP as a proportion of the world's total economy has continued to rise, ranking second in the world [2]. However, in recent years, the growth rate of China's economy has begun to slow down, and China's economic development has entered a "New Normal" [3][4][5]. Economic growth has shifted from high speed to medium-high speed, the economic structure has been optimized and upgraded, and it has shifted from factor-driven and investment-driven to innovation-driven [6].…”

Section: Introductionmentioning

confidence: 99%

“…Economic growth has shifted from high speed to medium-high speed, the economic structure has been optimized and upgraded, and it has shifted from factor-driven and investment-driven to innovation-driven [6]. For national development, technological innovation is an important driving force for social development [5]. Currently, China's economic development and technological innovation capabilities are at the world advanced level, but while achieving rapid economic development in the past, the development model of high pollution, high energy consumption, and low efficiency has exerted a huge impact on the ecological environment [7].…”

Section: Introductionmentioning

confidence: 99%

Investigating the Spatial Heterogeneity and Correlation Network of Green Innovation Efficiency in China

Wang

Zhang

2021

Sustainability

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With environmental problems becoming increasingly serious worldwide, scholars’ research views on innovation have begun to pay more attention to the technological value from an ecological perspective, instead of simply analyzing the importance of technological innovation from the perspective of economic value. Currently, improving green innovation efficiency (GIE) has been considered as a critical path to realizing economic transformation and green development. Based on the global Super-Epsilon-based measure (EBM) model, Moran index, vector autoregression (VAR) model, and block model, this study investigated the temporal and spatial characteristics of GIE in 30 provinces in China from 2009 to 2017, and analyzed the spatial heterogeneity and spatial correlation network characteristics. The results showed that in spatial terms, China’s GIE presented an extremely unbalanced development model. In provinces with a higher GIE, there was an overall improvement of GIE, but there was a lower impact in provinces with a lower GIE. The efficiency of China’s green innovation could be divided into four blocks. The first block was the main overflow, the second block was the broker, the third block was the bilateral spillover, and the fourth block was the net benefit. The four blocks had their own functions, and a very significant correlation was observed among them.

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A theory of economic development and dynamics of Chinese economy

Cited by 19 publications

References 3 publications

Towards a dynamic model of the industrial upgrading with global value chains

Towards a dynamic model of the industrial upgrading with global value chains

Examen de nueva sustitución de importaciones en el sector de la agroindustria

Investigating the Spatial Heterogeneity and Correlation Network of Green Innovation Efficiency in China

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