Business & Economics Collected Works - Research Publications
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ItemHarvesting from “Poor Old” China to Harness “Poor Young” Africa’s Demographic Dividend?(International Centre for Trade and Sustainable Development ICTSD, 2018-07-05)As China’s four-decade long demographic dividend is coming to an end, the country is actively seeking to seize new economic opportunities in higher-value-added productive activities. Could Africa be the big winner of this economic restructuring?
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ItemAfrica, and China’s One Belt, One Road initiative: Why now and what next?(International Centre for Trade and Sustainable Development, 2016)China’s growing outbound investment ambitions could be as transformative for today’s poor countries as inbound investment was for China. This will depend upon how recipient developing economies, in particular in Africa, utilise China’s investor interest for their own sustainable development.
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ItemThe Economic Demography Transition: Is China's ‘Not Rich, First Old’ Circumstance a Barrier to Growth?(Wiley, 2019-12)Around 1980 China adopted a reformist economic agenda and a restrictive population policy. China's consequential ‘getting old before rich’ discourse is herein advanced into the ‘economic demography transition’ and economic demography matrix (EDM). EDM transition analysis of 182 economies from 1996 to 2016 identifies: i) China to be one of many ‘poor‐old’ economies; and ii) a majority of countries recently entering the high‐income group were first old. These results question China's 1980 s‐based fears that early demographic transition would stall development and also call for enhanced nuance in understanding economic and demographic change links.
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ItemThe Self-Reported Patent Quality of Chinese Firms: Motivation Source and Technology Accumulation Effects Analysis(World Scientific Publishing, 2019-01-01)Enhanced innovation capacity has become imperative to China’s growth and development. Patent quantity and quality indicators are benchmark measures of innovative capacity. This paper utilizes data from the 2013 Chinese Patent Survey to explore self-evaluated firm-level patent quality in China. Focus is placed on the effects of technological accumulation and also patent motivation on four multi-dimensional self-evaluation indices: technical quality, writing quality, right stability and market value. The results: (i) verify the proposal that in high patent intensity industries “strategic patent behavior will reduce patent quality”; (ii) suggest that reducing administrative-driven patent behaviors could improve patent quality (iii) and find patent structure but not quantity to be positively correlated with patent quality. This serves to enrich understanding of China’s patent system and the one-dimensional “inventive step” analysis deriving from analyses of European Patent Survey data.
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ItemThe economics of and prospects for China’s Africa return(Routledge - Taylor & Francis, 2018-04-18)This handbook presents an extensive new overview of African development – past, present and future. It addresses key core themes and topics that are pertinent to the continent’s development – including sections on history, health and food, politics, economics, rural and urban development, and development policy and practice.
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ItemThe intergenerational education spillovers of pension reform in China(Springer (part of Springer Nature), 2018-07)Economic theory establishes that pension privatization weakens the link between old and young and so reduces the incentive to invest in public education in an economy with lower return rate of capital than growth rate of wage. However, empirical studies of the link change are few. In this paper, we investigate the effects of pension privatization and the central government’s subsidy to individual accounts on public education spending in a three-period overlapping generation model. And then, we take contemporary pension reforms in a number of Chinese provinces as offering natural experiment conditions. Using a difference-in-difference framework and 282 municipal districts panel data over years 1998–2009, we test the pension-education theoretical link change. Both our theoretical and empirical results confirm that pension privatization is adversely associated with local public spending on education in China. Private pension subsidies, moreover, magnify this effect. Our study supports the theoretical assertion and selective empirical findings of a negative intergenerational effect of pension privatization.
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ItemWhere Is the Chinese Economy Going?: A Forum on Contemporary Policy and Performance(John Wiley & Sons, 2017-12-01)China adopted a new model of growth from 2011, requiring substantial structural change. This introductory article presents statistical evidence on progress so far. Change generally is in the required direction, but slow. There has been early but slow progress on re-orienting domestic demand towards consumption; substantial re-orientation from reliance on exports towards domestic demand; and rapid change at the margin in the energy mix towards low-emissions sources. Investment in human capital is proceeding rapidly along lines required by the new model. So far, productivity growth has been slow, raising questions about future progress.
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ItemNo Preview AvailableDomestic Transformation in the Global Context(AUSTRALIAN NATL UNIV, 2015)
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ItemNo Preview AvailableChina’s Domestic Transformation in a Global Context(ANU Press, 2015-07-08)Domestic reform is defined as those reforms applying to the intra-country financial system, including interest rate controls, credit controls, prudential regulations, supervision of the banking sector and equity market policy. Capital reforms ...
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ItemNo Preview AvailableGetting Rich after Getting Old: China's demographic and economic transition in dynamic international context(AUSTRALIAN NATL UNIV, 2016)