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中国经济杂志（英文版）
中国经济杂志（英文版）
中国经济杂志（英文版）/
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    Income inequality in China: causes and policy responses

    Yixiao ZhouLigang Song
    186-208页
    查看更多>>摘要：The phenomenal economic growth in China has been accompanied by a rapid increase in income inequality. This paper reviews the historical trends and patterns of income inequality in China, discusses the potential causes underlying rising income inequality, and applies the functional distribution of income approach in understanding China''s income inequality. This analytical approach highlights how rising return to capital relative to wage incomes can be an important source for increasing income inequality in China. The paper provides the evidence which shows that the rapid economic growth in China has been relying on a model that pays high returns to various kinds of capital including financial capital and real estate, while the ownership of capital is very unequal. This finding prompts us to rethink about the causes of China''s income inequality and to formulate appropriate policies based on the new way of understanding this pressing issue of income distribution in China.
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    • 万方数据

    The exceptional performance of Chinese outward direct investment firms

    Wei TianMiaojie YuFan Zhang
    209-219页
    查看更多>>摘要：This paper finds that Chinese manufacturing firms that engage in outward foreign direct investment (ODI) have better economic performance than non-ODI manufacturing firms. Overall, ODI firms are more productive and have higher profitability than non-ODI firms. The sector analysis shows that the exceptional performance is significant for labor-intensive industries. Finally, the ODI activity can raise the productivity of other firms in an industry. The larger the ODI within an industry, the higher the productivity of all firms in that industry. The paper suggests that domestic firms set up their firm''s global strategy and reallocate the firm''s resources according to the changing investment environment, taking advantages of profit opportunities outside of domestic markets and invest abroad to get new markets and new technology.
      原文链接:
    • 万方数据