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Growth and Distributive Effects of Public Infrastructure Investments in China

In: Infrastructure and Economic Growth in Asia

Author

Listed:
  • Yumei Zhang

    (Chinese Academy of Agricultural Sciences)

  • Xinxin Wang

    (Zhejiang University of Finance & Economics)

  • Kevin Chen

    (ICARD, with Chinese Academy of Agricultural Sciences, International Food Policy Research Institute)

Abstract

China has recently been spending more than 10 % of total annual government expenditures on public infrastructure. In late 2008, when the global financial crisis occurred, a four trillion yuan package was put into action to stimulate domestic economic growth. Public infrastructure investment in 2009 and 2010 was respectively 60 % and 80 % higher than in 2008. China has managed to sustain rapid economic growth in recent years. However, disparities between rich and poor have risen, and China has become one of the most unequal countries in the world. Despite high overall economic growth rates, the Chinese government is becoming increasingly concerned about high and rising income inequality. Reducing poverty and inequality through inclusive growth has become a major mandate of development policy. President Hu Jintao formally endorsed inclusive growth as a national development strategy at the Asia-Pacific Economic Cooperation (APEC) in November, 2009.

Suggested Citation

  • Yumei Zhang & Xinxin Wang & Kevin Chen, 2013. "Growth and Distributive Effects of Public Infrastructure Investments in China," Economic Studies in Inequality, Social Exclusion, and Well-Being, in: John Cockburn & Yazid Dissou & Jean-Yves Duclos & Luca Tiberti (ed.), Infrastructure and Economic Growth in Asia, edition 127, pages 87-116, Springer.
    • Handle: RePEc:spr:esichp:978-3-319-03137-8_4
    DOI: 10.1007/978-3-319-03137-8_4
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    Citations

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    Cited by:

    1. Wang, Xinxin & Chen, Kevin & Huang, Zuhui & Robinson, Sherman, 2013. "Demographic Transition and Income Distribution in China: CGE Modeling with Top-Down Micro-Simulation," Conference papers 332353, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    2. Son Ngoc Chu & Ligang Song, 2015. "Promoting Private Entrepreneurship for Deepening Market Reform in China: A Resource Allocation Perspective," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 23(1), pages 47-77, January.
    3. International Labour Organization., 2015. "Global employment trends for youth 2015 : scaling up investments in decent jobs for youth," Global Employment Trends Reports 994891803402676, International Labour Office, Economic and Labour Market Analysis Department.
    4. Ying Wu & Hong Yao, 2015. "Income Inequality, State Ownership, and the Pattern of Economic Growth – A Tale of the Kuznets Curve for China since 1978," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 43(2), pages 165-180, June.
    5. Emerta Aragie & Jean Balié, 2021. "Public spending on agricultural productivity and rural commercialization: A comparison of impacts using an economy‐wide approach," Development Policy Review, Overseas Development Institute, vol. 39(S1), pages 21-41, August.
    6. Vipul Bhatt & Mouhua Liao & Min Qiang Zhao, 2019. "Government Policy and Land Price Dynamics: A Quantitative Assessment of China's Factor Market," Working Papers 2019-07-03, Wang Yanan Institute for Studies in Economics (WISE), Xiamen University.
    7. Bhatt, Vipul & Liao, Mouhua & Zhao, Min Qiang, 2023. "Government policy and land price dynamics: A quantitative assessment of China’s factor market reforms," Regional Science and Urban Economics, Elsevier, vol. 98(C).
    8. Yumei Zhang & Yue Zhan & Xinshen Diao & Kevin Z. Chen & Sherman Robinson, 2021. "The Impacts of COVID‐19 on Migrants, Remittances, and Poverty in China: A Microsimulation Analysis," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 29(6), pages 4-33, November.
    9. Wang, Xinxin & Chen, Kevin & Huang, Zuhui, 2013. "The Impact of China's Demographic Transition on Economic Growth and Income Distribution: CGE Modeling with Top-Down Micro-Simulation," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 151276, Agricultural and Applied Economics Association.

    More about this item

    Keywords

    Real Exchange Rate; Gini Coefficient; Computable General Equilibrium; Public Capital; Urban Household;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • D30 - Microeconomics - - Distribution - - - General
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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