Latest Research
Latest Research
Latest Research
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China, Europe and the Great Divergence: A Study in Historical National Accounting, 980-1850
Abstract: As a result of recent advances in historical national accounting, estimates of GDP per capita are now available for a number of European economies back to the medieval period, including Britain, the Netherlands, Italy, and Spain. The approach has also been extended to Asian economies, including India and Japan. So far, however, China, which has been at the center of the Great Divergence debate, has been absent from this approach. This article adds China to the picture, showing that the
2020-08-20 Stephen Broadberry, Hanhui Guan and David Daokui Li -
How will China Shape the World Economy
We will provide an outlook for China's role in the world economy over the coming decades, an exercise which would not be possible without an analysis of the prospects for China's continued economic growth. Based on international and historical comparisons, we argue that today's China meets all three key conditions for continued economic growth, including a stable government that is supportive of a market economy; high and increasing quality of human capital, and openness to developed economies.
2020-08-20 Xingye Jin, David Daokui Li, Shuyu Wu -
The Macroeconomic Policy Framework for Structural Transformation: Experiences and Implications from China
Macroeconomic policy framework has played a crucial role in the process of the structural transformation of the Chinese economy over the past four decades. It has done so through what can be summarized as a mix of (1) proactive macroeconomic management to maintain economic stability; (2) financial reform to promote financial deepening, channelling savings into investment and ensuring financial stability; and (3) carefully managed capital account liberalization to promote investment, trade, and i
2020-07-31 Ming Feng, David Daokui Li, Shuyu Wu -
Ensuring Security, Protecting Livelihoods, and Seeking Long-Term Development: A Strategic Analysis of the Economic Situation During the COVID-19 Pandemic
Presented by the Institute for National and Global Governance and the Academic Center for Chinese Economic Practice and Thinking (ACCEPT) of Tsinghua University
2020-04-20 Li Daokui, Li Keaobo, Li Bing, Lu Lin, Guo Meixin, Feng Ming, Xu Xiang, Shi Jinjian, Wu Shuyu, Chen Dapeng, Zhang Chi, Zhang He, Lang Kun -
Resuming Full Operations: Challenges and Countermeasures
This article puts forward the following six points of view based on related research: First, according to the model-based prediction of the Academic Center for China's Economic Practice and Thinking (ACCEPT), if appropriate policies are introduced, the economic impact of the COVID-19 outbreak will be limited and controllable. If the outbreak is controlled and operations are fully resumed by the end of Q1 or by the end of the first half, the national economic growth will be dragged down by 0.17
2020-02-21 David Daokui Li, Li Keaobo