Social and Behavioral Sciences 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.

New World Order And A New U.S. Policy Toward China, James C. Hsiung

CAPS Working Paper Series

While domestic politics is divided between Congress and the White House, generally along partisan lines, President Bill Clinton’s al-out engagement policy toward China, announced shortly after he began his second term in office, is aimed at fostering a Sino-US partenship for the twenty-first century. Below, I shall explain that this policy came at the end of three separate policy reviews conducted since Clinton’s first term. Here, though, I would like to note that rationale of the new China policy is in keeping with the requirements of the new world order, to meet the challenge posed by the three attributes identified …