The existing theorization of development economics and transition economics is probably inadequate and perhaps even flawed to accurately explain and analyze a dual economic system such as that in China. China is a country in the transition of dual structure and system. The reform of its economic system has brought off a long period of transformation. The allocation of factors is subjected to the dualistic regulation of planning or administration and market due to the dualistic system, and thus the signal distortion will be a commonly seen existence. From the perspective of balanced and safe growth, the institutional distortions of population birth, population flow, land transaction and housing supply, with the changing of export, may cause great influences on the production demand, which includes the iterative contraction of consumption, the increase of export competitive cost, the widening of urban-rural income gap, the transferring of residents' income and the crowding out of consumption. In view of the worldwide shift from a conservative model with more income than expenditure to the debt-based model with more expenditure than income and the need for loose monetary policy, we must explore a basic model that includes variables of debt and land assets that affecting money supply and price changes, especially in China, where the current debt ratio is high and is likely to rise continuously. Based on such a logical framework of dualistic system economics and its analysis method, a preliminary calculation system is formed through the establishment of models.
Technology interactions reshape the economics of China's coal power decarbonization
Beijing Institute of Technology(北京理工大学);Chalmers University of Technology(查尔姆斯理工大学);Stockholm University(斯德哥尔摩大学);Beijing Normal University(北京师范大学);Adelphi University(阿德尔菲大学)
The Relationship between Consumption and Economic Growth of Chinese Urban and Rural Residents since Reform and Opening-up -- An Empirical Analysis Based on Econometrics Models
Catch-Up and Come Home: Economic Convergence and Return Migration
ELTE Centre for Economic and Regional Studies(布达佩斯罗兰大学经济与社会研究中心);Center for Collective Learning, Corvinus Institute of Advanced Studies, Corvinus University of Budapest(布达佩斯考文纽斯大学高级研究学院集体学习中心);ELTE Centre for Social Sciences(布达佩斯罗兰大学社会科学研究中心);Complexity Science Hub, Vienna(维也纳复杂科学中心)