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Rapid growth and changing economic structure: The expenditure side story and its implications for China

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  • Perkins, Dwight H.

Abstract

The purpose of this essay has not been to provide China with a detailed list of all of the things that the country must do to maintain a high growth rate. The purpose of this essay instead has been to analyze some of the most basic choices that China must make going forward, choices that are not yet fully understood either by government or private analysts. China has a very unusual economic structure at least on the aggregate demand side and that creates special challenges that other countries have not had to face to the same degree. How well China handles these challenges will determine whether it will continue to progress rapidly to middle income status and beyond.

Suggested Citation

  • Perkins, Dwight H., 2012. "Rapid growth and changing economic structure: The expenditure side story and its implications for China," China Economic Review, Elsevier, vol. 23(3), pages 501-511.
    • Handle: RePEc:eee:chieco:v:23:y:2012:i:3:p:501-511
    DOI: 10.1016/j.chieco.2010.09.005
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    Citations

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    Cited by:

    1. Gheorghe H. Popescu & Elvira Nica, 2014. "The Roots of China’s Economic Slowdown," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 6(1), pages 14-17, March.
    2. Jong Chan Lee & Yi Joong Won & Sang Young Jei, 2019. "Study of the Relationship between Government Expenditures and Economic Growth for China and Korea," Sustainability, MDPI, vol. 11(22), pages 1-11, November.
    3. Wang, Lijian & Béland, Daniel & Zhang, Sifeng, 2014. "Pension financing in China: Is there a looming crisis?," China Economic Review, Elsevier, vol. 30(C), pages 143-154.
    4. Atella, Vincenzo & Brugiavini, Agar & Pace, Noemi, 2015. "The health care system reform in China: Effects on out-of-pocket expenses and saving," China Economic Review, Elsevier, vol. 34(C), pages 182-195.
    5. Du, Julan & Fang, Hongsheng & Jin, Xiangrong, 2014. "The “growth-first strategy” and the imbalance between consumption and investment in China," China Economic Review, Elsevier, vol. 31(C), pages 441-458.
    6. Lv, Yulan & Chen, Wei & Cheng, Jianquan, 2019. "Modelling dynamic impacts of urbanization on disaggregated energy consumption in China: A spatial Durbin modelling and decomposition approach," Energy Policy, Elsevier, vol. 133(C).
    7. Jing-Xiao Zhang & Jia-Wei Cheng & Simon Patrick Philbin & Pablo Ballesteros-Perez & Martin Skitmore & Ge Wang, 2023. "Influencing factors of urban innovation and development: a grounded theory analysis," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(3), pages 2079-2104, March.

    More about this item

    Keywords

    China; Future development; Role of government;
    All these keywords.

    JEL classification:

    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

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