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Academic PapersJournal Article: "Focus of Steadily Advancing the Construction of a Major Financial Power"
The Central Financial Work Conference, held in October 2023, emphasized the need to accelerate the construction of a major financial power, promote high-quality financial development, and provide strong support for comprehensively pushing forward building of a great country and achievement of national rejuvenation through Chinese-style modernization. The conference also proposed to prioritize the development in five key areas: technology finance, green finance, inclusive finance, pension financeZhu Min, Huang Yiping, Li Daokui, Ding Zhijie, Guan Tao -
Academic PapersJournal Article: "Prospective Study on Major Changes in Industrialization, Urbanization and the Population Structure during the 15th Five-Year Plan Period"
The “15th Five-Year Plan” period largely overlaps with the time period for implementing the “Resolution” of the Third Plenary Session of the 20th Central Committee of the Communist Party of China. Thus, the process for researching, formulating and implementing the “15th Five-Year Plan” is itself a process of implementing the various reform tasks set forth in the “Resolution.” The "15th Five-Year Plan" period is of particular importance in progressing towards China's economic and social developmeFeng Ming -
Academic PapersJournal Article: "Housing Wealth and Household Savings: Evidence from China's Housing Reform"
Since the 21st century, with the development of the economy and the rapid growth of the housing prices, housing wealth has become one of the most important parts of household wealth and an important factor influencing household savings in China. The report of the 20th National Congress of the Communist Party of China clearly states that we must focus on expanding domestic demand and enhancing the fundamental role of consumption in economic development. How to reduce household savings and then inFu Lin, Gao Jie, Dai Xi, Yao Yi-ying -
Academic PapersJournal Article: "On the Coordination and Harmonization of Fiscal and Tax Policies with Monetary and Finance Policies"
Fiscal and tax policies, along with monetary and finance policies, represent the chief tools that a country uses to undertake macroeconomic governance. There are three main points of connection when it comes to coordinating and harmonizing fiscal and tax policies with monetary and finance policies: macro-control; the prevention and resolution of major hazards; as well as the management of funds associated with public finance and taxation and the management of monetary liquidity.Feng Ming
News
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Professor David Daokui Li on China stimulus measures
CNA 2024-11-08 -
Lectures in Government and Economics | Development Planning and Macroeconomic Regulation for Late-Developing Countries
ACCEPT/SAGE 2024-10-31 -
Liu Peilin appointed to serve as chief researcher at Tsinghua University’s Academic Center for Chinese Economic Practice and Thinking (ACCEPT)
ACCEPT 2024-10-22 -
China is trying to revive its economy. Is it too little, too late?
CNA 2024-10-18
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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