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China’s great convergence and beyond


Storesletten, Kjetil; Zilibotti, Fabrizio (2014). China’s great convergence and beyond. Annual Review of Economics, 6(1):333-362.

Abstract

A recent wave of economic research has studied the transformation of China from a poor country in the 1970s to a middle-income economy today. Based on this literature, we discuss the factors driving China’s development process. We provide a historical account of China’s rise, fall, and resurgence. We then discuss the stylized facts associated with China’s growth process and review a comprehensive theory of its economic transition. Finally, we discuss China’s future. In particular, we review some recent studies about technological and politico-economic factors that may foster or hinder its future economic performance.

Abstract

A recent wave of economic research has studied the transformation of China from a poor country in the 1970s to a middle-income economy today. Based on this literature, we discuss the factors driving China’s development process. We provide a historical account of China’s rise, fall, and resurgence. We then discuss the stylized facts associated with China’s growth process and review a comprehensive theory of its economic transition. Finally, we discuss China’s future. In particular, we review some recent studies about technological and politico-economic factors that may foster or hinder its future economic performance.

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3 citations in Scopus®
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Additional indexing

Item Type:Journal Article, not refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Language:English
Date:August 2014
Deposited On:09 Oct 2014 09:36
Last Modified:05 Apr 2016 18:25
Publisher:Annual Reviews
ISSN:1941-1383
Publisher DOI:https://doi.org/10.1146/annurev-economics-080213-041050
Related URLs:http://dx.doi.org/10.5167/uzh-94328

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