The natural reaction of a farmer to an increase in the price of a crop is to plant more of it for the following year. Supply and demand. The difficulty comes in realising that you are not the only on...
China is a thirsty country that needs a lot of water. To this end it is using a lot of dams in some very sensitive areas. There are a whole lot of "externalities" involved with dam production...
The University of Birminghams Director of the Business School, Professor David Dickinson reports on how he views recent developments in Chinas economy. A sensible comment that touches on a number of ...
Hot on the heels of my last post signalling the end of market capitalism in China as we know it as part of "socialism 3.0" comes a paper looking at Chinas market integration from a more acade...
China is a country of many contradictions. On the one hand it is a single party communist state and on the other hand it has the most ruthless capitalist ethos I have witnessed. My reading is that th...
Always one to jump on a bandwagon is one is passing I must report the "Beijing Normal University Professor" quote again. The Diplomat gives a good summary. This is an interesting blog actuall...
Given Chinas rapid development it is always useful to look back in time to assess where China has come from to know where it is going. Rare Photographs of China in the 1800s [Environmental Graffiti] .
Economists have long realised that marriage is just a contract like any other. Given the relative shortage of females, supply and demand suggests that the price of marriage should go up. The price it...
Lester Brown has an interesting article over at Sustainablog. The ability of China to feed itself has important social and political aspects and recent history puts food production at the top of Chin...
This is a good question and it is fortunate that a group of respected economists have looked carefully at the question. My own instinct is to say "yes" they are and that a housing price...
In a surprise ruling the WTO ruled that the US had introduced illegal antidumping and antisubsidy duties on some Chinese exports. What is interesting is that China has spent vast sums on experts and ...
It was inevitable that China would overtake the US for total production and that great day has now arrived. What is interesting is that China is merely retaking the position it held in the 19th Centu...
China financial markets has a post on the RMBs potential as a reserve currency. Pettis correctly points out that this is unlikely in the near future. What is more interesting is his comment on the st...
I have become increasingly convinced that a bank crisis is just around the corner for China. The planets are lining up. In my view it is all about property prices. This is a bubble by any name and th...
There is a lot written about the "impact of China" on pretty much everything. What about productivity in the rest of the world from Chinas rise? Gains from trade means productivity spillovers...
This is an age old question that has been looked at many times before this time in a NBER paper (so it must be of a decent quality). The simple answer is the lack of a welfare state leading to a lot ...
As an avid reader of Chinese history the relationship between China and the western powers over the last 150 has been interesting to say the least. It will be interesting to see how the relationship ...
This week I will post a series of posts on higher education in China. With more and more Chinese nations choosing to study abroad one of the most obvious questions is what the returns to education lo...
I have always had a lot of time for Matt Kahn (UCLA) on his environmental blog and his New York Times piece makes a lot of sense. As someone who works in trade and IO it is good to see Ricardo and sp...
The today programme - a flag ship BBC morning show on Radio 4 has an interesting China series of reports Humphrys in China[BBC] This story on the development gap is certainly worth listening to. Stoc...
The second in the series of our translation fails. You have to wonder whether there is anyone checking these very basic facts. Surely there is quality control at some level at some point. .
Today this blog will start of new series of posts related to the quality of goods coming from China. I must make it clear that not all of these goods will have been made in China but they are indicat...
One of my new research interests is Chinas energy needs. This paper uses computable general equilibrium which is not ideal (the process is to make a large number of assumptions and press a button). T...
Good analysis from SERI Quarterly. My belief is that there has been a dangerouslt large bubble for a while. The real danger is who loses from the bubble bursting - state owned enterprises, the army, ...
You have to hope that economists also read history books. The book below is one of the best books I have ever read. It comes highly recommended for those interested in China and Chinese economics. If...
To an economist this is an interesting question. I have read widely on this subject. This paper provides a possible answer although by no means all of it. For that we need to look at England colonies...
Interesting article on Chinas population relative to Indias. I have included a number of quotes. The Battle of the Billionaires: China Vs. India [Globalist] Together, China and India currently contai...
Whilst George Soros and the US are happy to hammer the Chinese over the overvalued RMB I am pleased to see that Wen Jiaboa is finally coming out and explaining the true implications of a revaluation ...
Apologies once again for a lack of recent posts. This management game takes up a lot of my previous blogging time. It is very interesting to get some figures on the impact of the financial crisis on ...
The long awaited TES World University Rankings 2010 have been released. The news is good for China and the US but the news is mixed for the UK. Whilst clearly overachieving relative to size and perce...
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