Economics Commons^™

The Labor Income Tax Equivalent Of Price Scissors In Pre-Reform China, Hiroyuki Imai

CAPS Working Paper Series

The government in a centrally planned economy can raise investable resources through price and wage manipulation. By treating price and wage controls as an implicit form of labor income taxation. I have assessed the scale of resource transfers from households to the government in pre-reform China. From the observed rise of the labor income share in the non-agricultural sector output resulting from price and wage liberalization since 1979, the implicit tax revenue during the 1964-78 period is assessed as 10.1 % of GDP. According to estimates based on a two-sector model, this implicit labor income tax led to implied reduction …

中國貿易保護代價的測算 : 方法、結論和意義 = An Estimate Of The Welfare Cost Of Protection In China, Shuguang Zhang

CAPS Working Paper Series

本項研究是一項實証研究,目的在於計算中國貿易保護的程度和貿易自由化的福利效應, 並對計算結果進行初步分析和國際比較。

This study was sponsored by the Institute of International Economics in the United States. Jointly conducted by Zhang Shuguang, Zhang Yansheng, and Wan Zhongxin, it has estimated, for the first time, the elasticity of demand for 25 of China’s major import categories. It has also estimated the welfare cost of protection in China and has made comparison with that in other selected countries.

Export Competitiveness Of China And Asean In The Us Market, Thomas J. Voon

CAPS Working Paper Series

This paper aims to provide a comparison of the changing pattern of export competitiveness among China and the four ASEAN countries comprising Indonesia, Malaysia, Singapore and Thailand (hereafter ASEAN-4) as exporters of primary commodities, labour-intensive goods as well as technology-intensive manufactures in the US market. Competitiveness is defined as country A’s ability to gain market share on a common export destination (such as the US import market). There are many popssible factors contributing to the changing level of competitiveness of a trading country. In this paper, we confine our analyss to evaluating how important relative changes in real exchange rate, …

Growth-Inflation Tradeoff In China, Hiroyuki Imai

CAPS Working Paper Series

The high growth and wide fluctuations of fixed investment are the main driving forces of the rate of inflation in China in the reform period. Investment expansion generates strong demand pressures in the consumption goods market. Its inflationary impact is magnified further as it brings about higher wage costs during a boom. An implied short-run tradeoff is derived from dynamic simulation of a small macroeconomics model. In a given year, each additional percentage point of economic growth or investment growth leads to, respectively, a 2.7 or a 0.9 percent increase in the rate of inflation that year.