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Latest Research
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OpinionsLi Ke'aobo: Bolstering confidence in private sector’s growth and development of utmost importance
For a long time now, the private sector of China’s economy has played an active role in stabilizing growth, promoting innovation, expanding employment and improving people’s livelihood, having since become an intrinsic component of the country’s economic system and an important force for advancing sustained and healthy economic development.China Business Journal -
Academic PapersJournal Article: "Digital Economy and Globalization: An Analytical Framework of the Globalization Life Cycle Theory"
This paper believes that the development of globalization needs to meet three conditions, namely, technological revolution, leadership of major powers and international mechanism, and the development of globalization will go through four stages, namely, budding, development, peak and decline. This paper argues that the digital economy will lead a new round of globalization, and is currently in the development period of digital globalization.Kun Lang, Meixin Guo, Shaobo Long -
OpinionsDavid Daokui Li: How to boost consumption? Offer direct subsidies to consumers on the payment side
On May 6, during the 2023 Tsinghua PBCSF Chief Economists Forum, David Daokui Li, Director of the Academic Center for Chinese Economic Practice and Thinking (ACCEPT) at Tsinghua University, said in an interview with Economic View that when it comes to stimulating consumption, we should learn from and promote the lessons derived from Shanghai’s own experience.Economic View -
Academic PapersJournal Article: “Chinese Modernization: Spearheading New Globalization and Inspiring an Emerging Field of Study”
This paper identifies three aspects in which Chinese modernization may have a profound influence on the global economic landscape after examining China’s changing role in the global economy over the past millennium.David Daokui Li, Meixin Guo, Kun Lang, Lin Lu
News
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Professor David Daokui Li awarded honorary commendation for 30-year contribution to education
ACCEPT 2023-09-10 -
China’s property market is going in ‘two directions,’ says ex-central bank advisor
CNBC 2023-09-08 -
Household registration curbs in urban cities with less than 3 million population to be scrapped: MPS
Global Times 2023-08-03 -
45th Tsinghua University Forum on China and the World Economy featured in Guizhou Satellite TV's "Forum" talk show program discussing China's mid-year economic performance
ACCEPT 2023-07-30
Government and Economics
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New structural economics: A framework of studying government and economics
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 overcoJustin Yifu Lin -
Migration and redistribution: Why the federal governance of an economic union does matter
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 resultAssaf Razin, Efraim Sadka -
Government and economics: An emerging field of study
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.David Daokui Li, Eric S. Maskin -
Zheng Zhijie: Respect the market and improve the role of government
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 goverExcerpts from Zheng Zhijie's presentation at “Collapse and Rebirth” – IFENG Finance 9th Summit, translated by ACCEPT -
Public Health, Elementary Education and Infrastructure Constitutes the Foundation of Future Economic Development
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.excerpted from Economic Lessons from 70 Years of China's Development
The Journal of Government and Economics is focused on publishing high caliber, original research papers in the field of government and economics. This journal aims to provide a platform for the exchange of insights on the relationship between the government and the market, create space for the development of the emerging field of government and economics, and foster a better understanding of the government's role in the market economy, as well as the government's incentives and behaviors. JGE is an international publication and the official publication of SAGE. It is also an open access (OA) and rapidly publishing (ABP) journal.
The Society for the Analysis of Government and Economics, SAGE, aims to promote academic research in the subject of government and economics, including topics such as the incentives, behavior, and role of the government in an economy. The Society is a disinterested, academic organization avoiding political, social, commercial, or nationalistic bias. The inaugural co-presidents of SAGE are 2007 Nobel Laureate Harvard Professor Eric S. Maskin and Professor David Daokui Li of Tsinghua University. The Society has an open international membership from countries such as the United States, Europe, China, and other developing countries. Main activities of the Society include organizing academic conferences and publishing an academic journal.
For more information, please visit http://en.sage-econ.org/
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