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CHINAGEM—A Dynamic General Equilibrium Model of China: Theory, Data and Applications
This book contains detailed documentation of the CHINAGEM model - a large-scale dynamic computable general equilibrium (CGE) model of China and its applications. Specifically, this book documents the theory and database behind the CHINAGEM model. This book explores the closure development for the four simulation modes of the model including historical, decomposition, forecast and policy simulations, the detailed explanation of how to analyze simulation results, and the extensions of CHINAGEM and their applications. These extensions include several innovative modules and case studies as examples of the application of CHINAGEM. This book provides an entry point for CGE modellers to develop the...
Chinagem--A Dynamic General Equilibrium Model of China: Theory, Data and Applications
This book contains detailed documentation of the CHINAGEM model - a large-scale dynamic computable general equilibrium (CGE) model of China and its applications. Specifically, this book documents the theory and database behind the CHINAGEM model. This book explores the closure development for the four simulation modes of the model including historical, decomposition, forecast and policy simulations, the detailed explanation of how to analyze simulation results, and the extensions of CHINAGEM and their applications. These extensions include several innovative modules and case studies as examples of the application of CHINAGEM. This book provides an entry point for CGE modellers to develop the...
How Asia Can Shape the World
Asia will redraw the map of economic progress over the next twenty-five years. Growth is necessary to solve economic and social problems, but harder to achieve as the age of plenty gives way to the age of scarcities. The challenge opens the doors for an Asian economic model based on shifting of productivity for the individual to groups, ecological productivity instead of economic productivity, and a reversal to traditional Asian values - less materialistic than Western values. A new paradigm for economic thinking emerges to replace the one launched in the West 200 years ago.
Rural Urban Migration and Policy Intervention in China
This book examines rural-urban migration policies in China, and considers how Chinese workers cope with migration events in the context of these policies. It explores the contribution of migrant workers to the Chinese economy, the impact of changes within the ‘hukou’ system (household registration) and the impact of recent migration policies promoting rural-urban migration and targeting key events during migrant workers’ migration trajectories - job-seeking, wage exploitation, work injuries and illness - namely the corresponding ‘Skills Training Program for Migrant Workers’, the ‘Circular on Managing Wage Payment to Migrant Workers’, the ‘Circular on Migrant Workers Participa...
Cold War 2.0
A vivid, thoughtful examination of how technological innovation—especially AI—is shaping the tensions between democracy and autocracy during the new Cold War. So much of what we hear about China and Russia today likens the relationship between these two autocracies and the West to a “rivalry” or a “great-power competition.” Some might consider it alarmist to say we are in the midst of a second Cold War, but that may be the only responsible way to describe today’s state of affairs. What’s more, we have come a long way from Mao Zedong’s infamous observation that “political power grows out of the barrel of a gun.” Now we live in an age more aptly described by Vladimir Puti...
Environmental Economics and Computable General Equilibrium Analysis
This book addresses major issues such as a growing world energy demand, environmental degradation due to anthropogenic greenhouse gas (GHG) emission, and risk management of disastrous events such as pandemics, abnormal climate, and earthquakes. Using cutting-edge analytical tools, particularly computable general equilibrium (CGE) modelling, the analyses are focused on a very wide range of policy-relevant economic questions for the Asia-Pacific region, especially for Japan, China, India, Vietnam, and smaller nations, including Brunei, Timor Leste, and Fiji. The first part considers (a) the effects of climate change on agriculture sectors, energy policies, and future GHG emission trends, (b) a...
Pension Sustainability in China
Pension Sustainability in China: Fragmented Administration and Population Aging aims to investigate the impact of fragmentation and population ageing on pension sustainability in China. The book demonstrates how pension sustainability is compromised by various adverse effects produced by fragmentation, such as the moral hazard caused by the disarticulated intergovernmental fiscal responsibility. An overlapping generations (OLG) model is updated with the latest demographic data and is used to assess the impact of population ageing on pension sustainability. The book considers whether adjustment in retirement age can ensure long-term financial sustainability. It explores how, compared to the population ageing, the issues stemming from the fragmentation pose a more insidious threat to pension sustainability in China.
China’s Transition to a New Phase of Development
The Chinese economy is currently undergoing fundamental changes. In this context, the 2022 China Update examines the key characteristics of China’s transition towards a new phase of economic growth and development. This year’s update book covers a range of diverse topics that reflect the complex and changing nature of the economy. It explores critical questions: Why does China need a new development paradigm, and what is the best way to achieve it? What are China’s choices when faced with the restructuring of global industrial value chains? What key roles will domestic consumption play in the next phase of China’s development? What does the digital transformation mean for the Chinese economy? What has been the domestic impact of the Covid-19 pandemic on income inequality and labour market outcomes? What pathways exist for China in its transition towards carbon neutrality? How does China’s emissions-trading market compare with that of Europe? How will China’s carbon neutrality strategy affect the Australian economy? What are the political factors influencing bilateral trade flows between China and its trading partners? And what is at stake for China–US relations?
