Dynamics of China's Economy:

Growth, Cycles and Crises from 1949 to the Present Day


Chinese economic growth is an extraordinary phenomenon that deserves an original analysis. It is explained here from the origins of the People's Republic to the present day. Original first, because the authors have themselves reconstructed, on the country studied, statistical databases in time series for the stock of physical capital, the stock of human capital, expenditure on research and development, and Gini income inequality index. Original then, because the methodologies used screen a very wide range of theoretical currents: neoclassical, Pickettyan, and Marxist. Original finally, because the most modern tools of statistics and econometrics are mobilized to carry out this research. This book is aimed at economists and an audience with a solid knowledge of economics.

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Zhiming Long is a Chinese economist, Associate Professor and Ph.D. supervisor at the School of Marxism of Tsinghua University. He received his Ph.D. in Economics from University of Paris 1 Panthéon-Sorbonne.

Rémy Herrera is a French economist, researcher at the CNRS (National Centre for Scientific Research). He teaches Ph.D. students at the University of Paris 1 Panthéon-Sorbonne. He worked in financial auditing, at the OECD and for the World Bank.
All interested in analyzing China's long-period growth dynamics, accessing new statistical databases (physical capital, human capital, R&D, Gini indicator), and criticizing mainstream economics (the neoclassical current and its satellites).
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