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2018 (100)

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Procyclical Fiscal Policy
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ISBN: 9789811329951 Year: 2018 Publisher: Singapore Springer Singapore, Imprint: Springer

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Abstract

Conventional wisdom dictates that a fiscal policy should be counter-cyclical. However, contrary to this conventional views, recent research has demonstrated that fiscal policy is actually procyclical in most developing countries. In this book, we attempt to propose a new interpretation of this procyclicality after reviewing theoretical and empirical evolution of the research. In particular, by incorporating the political effort behavior of private agents into a weak government model, we explore how income fluctuations affect the optimal budget deficits in a political economy. If the government can control the political behavior, normally, the optimal budget deficit should rise in a recession as a first-best case; however, interestingly, a recession does not necessarily prompt an increase in the budget deficits in a second-best political economy. The response of the budget deficits to income fluctuations mainly depends on the efficiency of political effort, which may correspond to the degree of democracy and bureaucratic efficiency of the governments. We test the prediction of the pro-cyclical fiscal policy and find it applicable for democratic countries with semi-efficient governments including Japan.


Digital
The Evolution of the Non-market Economy Treatment in the Multilateral Trading System
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ISBN: 9789811306532 Year: 2018 Publisher: Singapore Springer Singapore, Imprint: Springer

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This book tries to integrate the different arrangements devised in the MTS for small and large NMEs into one analytical framework and explores two sets of rules (GATT/WTO-minus and GATT/WTO-plus) along three historical stages (shaping, weakening and strengthening). The focal point of this book is to uncover the composition and structure of the NME treatment in the MTS, its evolving logic and process, and the nature and trend of the political-economic relations between NMEs and the MTS.

Economic Transition and Labor Market Reform in China
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ISBN: 9789811319877 Year: 2018 Publisher: Singapore Springer Singapore :Imprint: Palgrave Macmillan

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Energy, Environment and Transitional Green Growth in China
Authors: --- ---
ISBN: 9789811079191 Year: 2018 Publisher: Singapore Springer Singapore, Imprint: Springer

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Digital
A Study of the Turning Point of China’s Debt
Authors: --- --- --- ---
ISBN: 9789811313257 Year: 2018 Publisher: Singapore Springer Singapore, Imprint: Springer

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This book proposes a method for calculating China’s debt based on a quantitative econometric analysis. This is conducted by measuring the relationship between China’s debt size and economic growth. The conclusion that is reached is as follows: China’s current debt has already exceeded the inflection point, and that means that it is now having an adverse effect on its economic performance. The book also focuses on China's debt problems as a whole, highlighting debt issues faced by different entities and industries, as well as the ratio and structure of the virtual and real economies. The contents are presented in three major principles: theory, oriented,data, and oriented policy. .


Digital
The State of China’s State Capitalism : Evidence of Its Successes and Pitfalls
Authors: ---
ISBN: 9789811309830 Year: 2018 Publisher: Singapore Springer Singapore :Imprint: Palgrave Macmillan

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This book comprises a collection of well-researched essays on selected contemporary economic and finance issues in China, making a timely contribution to the intellectual intercourse regarding the implications of China’s rise. These essays describe the state of China's ecology, real estate market, outbound capital flows, income inequality, etc., and offer analysis on the policy and institutional causes of those issues. Readers will be able to infer their implications for business opportunities in China and the tradeoff / tension between economic growth and social welfare. Moreover, this book introduces an array of data and data sources useful to scholars and practitioners interested in studying the Chinese model of economic growth. This book will be a valuable resource to journalists and scholars trying to keep track of China's lightning-fast growth. Juann Hung is an Associate Professor at International Business School Suzhou, Xi’an Jiaotong-Liverpool University. She has years of experience as an economist at the Federal Reserve Bank of New York, and then as the lead international analyst at the U.S. Congressional Budget Office. Her research is mainly on policy-related issues, such as effectiveness of foreign exchange intervention, macroeconomic effects of globalization, and the implications of China’s growth model. Her research has been published as book chapters, policy and issue briefs, as well as papers in leading research journals. Yang Chen is a Lecturer at International Business School Suzhou, Xi’an Jiaotong-Liverpool University, China. Her research interests mainly include urban economics, Chinese economy and development issues. She has published in leading research journals such as Cambridge Journal of Regions, Economy and Society, Urban Studies, Journal of Regional Science, Economic Letters, International Journal of Finance and Economics, Asia and Pacific Journal of Management, and Economic Modelling.


Digital
Economic Transition and Labor Market Reform in China
Author:
ISBN: 9789811319877 Year: 2018 Publisher: Singapore Springer Singapore :Imprint: Palgrave Macmillan

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This book empirically investigates the changes in labor market structure accompanying the labor market reform in China by focusing on the labor market segmentation problems from the 1980s to 2013. The book also aims to examine the effect of labor policy reforms on individual, household and enterprise behavior, including the causes and consequences of labor market reform in China, particularly the influences of labor policy reforms on labor market performance. Offering valuable insights into the changing structure of the Chinese economy, this book will be of interest to scholars, activists, and economists. Xinxin Ma is Associate Professor at the Department of Comparative and World Economics, Institute of Economic Research, Hitotsubashi University, Japan.


Digital
Economic Growth and Transition of Industrial Structure in East Asia
Authors: --- --- ---
ISBN: 9789811328688 Year: 2018 Publisher: Singapore Springer Singapore, Imprint: Springer

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This book explores new frontiers in the research of economic growth and industrial reconstruction, analyzing economic growth and transitions in industrial structure in East Asia with a variety of data. First, the effects of demographic change on trade openness is analyzed empirically using the panel data of APEC countries. Second, the determinant of wage and housing costs are estimated using survey data collected from peasant workers in China. Third, the determinants of conquests among nomads in or near China and dynasties from world history are analyzed empirically using data regarding dynasties. Fourth, critiques on Emmanuel’s unequal exchange theory are investigated based on the profit data in the world. This book is highly recommended for readers who would like to obtain a new idea about economic development in terms of industrial structure.


Digital
Health and Well-Being in India : A Quantitative Analysis of Inequality in Outcomes and Opportunities
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ISBN: 9783319783284 Year: 2018 Publisher: Cham Springer International Publishing :Imprint: Palgrave Macmillan

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The theme of this book is health outcomes in India, in particular to outcomes relating to its caste and religious groups and, within these groups, to their women and children. The book’s tenor is analytical and based upon a rigorous examination of recent data from both government and non-government sources. The major areas covered are sanitation, use by mothers of the government’s child development services, child malnutrition, deaths in families, gender discrimination, and the measurement of welfare. .


Digital
Making Medicine a Business : X-ray Technology, Global Competition, and the Transformation of the Japanese Medical System, 1895-1945
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ISBN: 9789811081590 Year: 2018 Publisher: Singapore Springer Singapore :Imprint: Palgrave Macmillan

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This book goes back to the origins of the transformation of health and medicine into a business, during the first part of the twentieth century, focusing on the example of Japan. In the past hundred years, medicine has gone from being a charitable activity to a large economic sector, amounting to 12–15% of the GDP in many developed countries, and one of the fastest-growing businesses around the world. Despite the mounting presence of the medical industry, there is a lack of academic work detailing this major transformation. The objective of this book is to fill this gap and address the following question: how did medicine become a business? Using over ten years of research in the field, Pierre-Yves Donzé argues that economic factors and business factors were decisive in transforming the way that medicine enters our lives. This book will be of interest to historians of medicine, business historians, health economists, scholars in medical humanities, and more. .

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