Jump to ContentJump to Main Navigation
Why Has China Grown So Fast For So Long?$
Users without a subscription are not able to see the full content.

Khalid Malik

Print publication date: 2012

Print ISBN-13: 9780198078838

Published to Oxford Scholarship Online: September 2012

DOI: 10.1093/acprof:oso/9780198078838.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see www.oxfordscholarship.com/page/privacy-policy).date: 21 April 2019

Why Standard Explanations are Insufficient

Why Standard Explanations are Insufficient

Chapter:
(p.44) 3 Why Standard Explanations are Insufficient
Source:
Why Has China Grown So Fast For So Long?
Author(s):

Khalid Malik

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198078838.003.0004

Widely accepted neoclassical models lay out a set number of reasons for the progress of an economy. According to the neoclassical models, factor accumulation, factor reallocation, gains in productivity, establishment of property rights, and liberalization lead to enhanced long-term growth. These reasons and explanations are analysed in detail in this chapter. But none of them are able to explain China’s persistent progress. This chapter explains why orthodox theories are either inadequate or misleading in explaining the peculiar case of China. The problem lies, not in the uniqueness of China per se, but in the rigidness of neoclassical models.

Keywords:   China, neoclassical, factor accumulation, factor reallocation, productivity, property rights, liberalization, total factor productivity, East Asia, hukou

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .