AbstractNew structural economics is a new framework for rethinking economic development following structuralism and neoliberalism after World War II. This framework uses a neoclassical approach to study the determinants of economic structure and its evolution in a countrys economic development (Lin, 2011). We argue that a countrys economic structure is endogenous to its factor endowments, and that the key for developmental success is to have a facilitating government to help entrepreneurs overco

Federal governance matters. Policy coordination allows the economic union to exercise monopsony power over migrants. Therefore the migration volumes under the policycompetition regime exceed those under the policy-coordination regime. With loose federal governance, competition over low-skilled migrants, who come with no capital, induces the individual member state to raise the provision of social benefit, so as to attract more migrants when starting from the coordination equilibrium. As a result

In this paper, we discuss the field of government and economics, an emerging body of work that aims to better understand government's role, incentives and behavior in a modern market economy, as well as how government actions shape the economy's performance.

Excerpts from Zheng Zhijie's presentation at “Collapse and Rebirth” – IFENG Finance 9thSummit, translated by ACCEPTIn his remarks at the IFENG Finance 9thSummit, Zheng Zhijie, Former President of the China Development Bank, pointed out that the 14thFive-Year Plan period is a critical time for China to overcome the middle-income trap. To make full use of this decisive time, the first priority is to comprehensively deepen reforms to promote better integration of effective markets and capable gover

In the early years of the People's Republic of China, war, famine and infectious diseases made it difficult to ensure the basic health level of the people. In 1949, the average life expectancy in China was only 35 years, and the infant mortality rate was as high as 200‰1. Faced with such rigorous challenges and the lack of medical resources, China urgently needed to build a public health system to solve the most basic medical problems of the people.

As the world's second largest economic power by GDP, China's economy exhibits a fluctuating growth trend. Between the founding of the People's Republic of China in 1949 and the eve of the Reform and Opening-up, China's economic development was rather slow or even retrogressed. In 1962, China's per capita GDP dropped to the level just before the founding of the People’s Republic of China. Although Chinese economy improved after 1962, from 1966 onwards, China lagged farther behind other countries

In the early years of the People's Republic of China, the Chinese economy was dominated by agriculture and was marked by low productivity. With thirty years of development and exploration before the Reform and Opening-up, China established an independent, complete industrial system and national economic system within a relatively short period of time. In a sense, the economic development during this period laid the foundation for economic development in the following period and for China’s great

Excerpts from David Lis presentation at The 2nd International Conference on Government and Economics.