Syllabus - GEM : Groupe d`Économie Mondiale

ASIAN PROGRAMME: CHINA
Master Recherche Relations Internationales spécialité Economie
Autumn Semester, 2008-2009
Instructor: Ms. Ping Hua
Thursday: 10.15-12.15
Room: A23
UP 16986
1. Contacts
Ping HUA: [email protected]
2. Objectives of the course
The module aims to provide students with an understanding of the Chinese economic system and an analytical
framework for the research on the Chinese economy. Students will develop the ability to comprehend and analyze
major theoretical and policy issues in China’s economic development and transformation from a planned economy
towards a market economy.
3. Methods
This module is composed of seven instructions (2 hours/instruction). No textbook is required. A set of readings for
each topic is given. Every student is required to write a short paper on one of the topics instructed. There will be a
closed-book final exam.
4. Assessment
The weights of assessment are:
- In-class participation: 20%
- Short paper: 40%
- Final exam: 40%
5. Course plan
1. Chinese model of transition
2. Reforms of the Chinese economy
3. Openness towards outside
4. Reforms of macroeconomic policies
5. Sources and limits of the Chinese economic growth
6. Challenges to be taken up for a sustainable growth
7. Conclusion: opportunities and challenges for the rest of the World
6. General References
Lin Yifu, Fang Cai et Zhou Li (2003), The China Miracle: Development Strategy and Economic Reform, Revised
Edition, June.
OECD (2005), China, OECD Economic Surveys, 2005/13, OECD Publishing, Paris, September.
Wu Jinglian, (2006), Understanding and Interpreting Chinese Economic Reform, Thomson South-Western edition.
Barry Naughton (2007): The Chinese Economy Transitions and Growth (MIT Press).
7. Detailed Reading List
7.1. Chinese model of transition
Fan Gang, “China's "Dual-Track Transition" Toward the Market: Achievements and Problems,”
http://www.1990institute.org/publications/pubs/ISUPAP9.html.
Goldstein S. (1995), “China in transition: political foundations of incremental reform,” China Quarterly.
Naughton Barry (1995), Growing out of the Plan: Chinese Economic Reform: 1978-1993, Cambridge University
Press.
Qian Yingyi (2000), “The Process of China's Market Transition (1978-1998): The Evolutionary, Historical, and
Comparative Perspectives,” Journal of Institutional and Theoretical Economics, 156, 1, 151-171.
7.2. Reforms of the Chinese economy
7.2.1. Agricultural sector
Aubert C. (2005), “Politiques agricoles chinoises: la porte étroite,” dans l’Économie mondiale 2006, 69-43, CEPII,
Éditions la Découverte.
Aubert C. (2005), “Le devenir de l'économie paysanne en Chine,” Revue Tiers Monde, 46, 183, 491-516.
He Y., J.-C. Simon, (2005), La dynamique agricole chinoise face au commerce mondial : un nouveau Big Bang,
Revue Tiers Monde, 46, 183, 517-538.
7.2.2. Industrial sector
Cao Y. Qian Y. and Weingast R. (1999) “From federalism, Chinese style to privatisation, Chinese style”
Economics of Transition, 7, 103-131.
Groves, T., Hong, Y.; Macmillan, J. and Naughton, B. (1994), “Autonomy and Incentives in Chinese State
Enterprises,” The Quarterly Journal of Economics, 183-209., February.
Han Z. (2003) De l’autonomie des entreprises d’Etat en droit chinois—le gradualisme de la réforme chinoise,
Edition L’Harmattan, Collection Logiques juridiques, Paris 565 pages.
Huang, Y. and D. Ron, (1997), "How Successful Were China's State Sector Reforms?" Journal of Comparative
Economics" 24, 65-78.
Huchet J.F. (2000) “La face cachée des réformes du secteur d’Etat en Chine,” Perspectives Chinoises, 61, 41-52.
Jefferson, Gary H., and Rawski, Thomas G. (1994), "Enterprise Reform in Chinese Industry," Journal of Economic
Perspective, 8, 2, 47-70., Spring.
Ma, J. (1998), “Shareholding Experiment, Modern Enterprise System, and State-Owned Enterprise Reform,”
http://members.aol.com/junmanew/cover-htm, 1998b
World Bank, (1993), Enterprise reform in China: the evolving legal framework, September, wps 1198
7.2.3. Bank and financial sector
Boyreau Debray G. (2003) “Financial Intermediation and Growth: Chinese Style,” World Policy Research Working
Paper, 3027.
Démurger S. (2005), “La réforme du système bancaire en Chine: enjeux, contraintes et perspectives,” Forum
Fiances et Développement, juin, 79.
Guillaumont Jeanneney, P. Hua and Liang (2006) “Financial Development, Economic Efficiency and Productivity
growth, evidence from China,” The Developing Economics, Vol. 44, Issue 1, March, 27-52.
Hochraich D. (2004) Les entreprises et les banques chinoises face au défi de l’ouverture, Chambre de commerce et
de l’industrie de Paris, Mars.
Ma Guonan (2006) “Who pays China’s Bank Restructuring bill ?”, February, CEPII.
http://www.cepii.fr/anglaisgraph/workpap/summaries/2006/wp06-04.htm
7.2.4. Service sector
Lemoine F. (2006) La ré-estimation du PIB chinois, CEPII.
Missions Economiques de Pékin, (2005), Les perspectives du secteur des services en Chine, Ambassade de France
en Chine.
7.3. Openness towards outside
Artus P. (2005) La Chine et la théorie du commerce international, Flash, 2005-193, Ixis.
CEPII, (2005) « Chine: atelier do monde, marché pour l’Europe», La lettre du CEPII, 245, mai.
Fishman T. (2005) La Chine - Première entreprise du monde, Vuibert.
Gaulier G., Lemoine F. et ünal-Kesenci D. (2005) “China’s integration in East-Asia: production sharing, FDI and
High-Tech Trade” Document de travail du CEPII, 2005-9, Juin.
Gipouloux F. (1998) “Intégration ou désintégeration/ Les effets spatiaux de l’investissement étranger en Chine”,
Perspectives chinoises, mars-avril.
Guillaume G., Lemoine F. and Ünal-Kesenri (2006) “China’s Emergence and the Reorganisation of Trade Flows in
Aisa” CEPII working paper, no. 2006-05.
Guillaumont Jeanneney, S. and P. Hua, (2004) “Why do more open Chinese provinces have bigger governments?”
Review of International Economics, 12(3), 525-542..
Picquart P. (2004) L'Empire chinois : Mieux comprendre le futur numéro 1 mondial - Histoire et actualité de la
diaspora chinoise, Editeur : Favre.
Prasad, E. (2004), China’s Growth and Integration into the World Economy, Prospects and Challenges,
International Monetary Fund, Wash., DC.
OECD (2004) Examens de l’OCDE des politiques de l’investissement - Chine : progrès et enjeux de la réforme.
-2-
OECD (2006) Examens de l’OCDE des politiques de l’investissement - Chine : politiques ouvertes envers les
fusions et acquisitions
Tseng, W. et M. Rodlauer (2003) China, Competing in the Global Economy, International Monetary Fund, Wash.,
DC..
Yue C.J. and P. Hua (2002) “Does comparative advantage explain export patterns in China?” avec China Economic
Review, 13, 276-296.
7.4. Reforms of macroeconomic policies
7.4.1. Exchange rate and monetary policies
Bénassy-Quéré Agnès et Lahrèche-Révil A. (2004) “Le Yuan et le G20” Revue d’économie financière, 77.
Bouveret A., Mestiri S. et Sterdyniak H. (2006) “La valeur du Yuan, Les Paradoxes du taux de change d’équilibre,”
Revue de l’OFCE, juillet, 98, 77-127
Dai Genyou (2002) “China’s Monetary Policy: too tight?”, China and World Economy, N° 5.
Deutsche Bank Research (2003), “Challenges in monetary policy, China special”, may 14.
Goldstein M. (2004), “Adjusting China’s Exchange rate Policies”
http://hei.unige.ch/sections/ec/pdfs/Courses/Genberg_summer/China/Goldstein.pdf
Guillaumont Jeanneney S. and Hua P. (2003) “Taux de change réel et productivité en Chine”, Etudes et documents,
CERDI.
Hua P. (2007) “Real exchange rate and manufacturing employment in China,” China Economic Review,
forthcoming.
Lardy N., (2005), “Exchange rate and monetary policy in China,” Cato Journal, 25, 1.
Laurenceson J. (2005) “China's exchange rate policy: the case against abandoning the dollar PEG”,
http://greywww.kub.nl:2080/greyfiles/center/2005/doc/70.pdf
Périgne J., (2005) “Analyse de la politique monétaire chinoise et des perspectives de réévaluation du Renminbi à
court et moyen termes”, http://objectif-chine.com/article.php3?id_article=377
Ronald I. McKinnon, (2005) “China's New Exchange Rate Policy: Will China Follow Japan into a Liquidity
Trap?”
7.4.2. Fiscal policy
Jin and Zou (2005), “Fiscal decentralization, revenue and expenditure assignments and growth in China,” Journal
of Asian Economics, 16(6), pp 1047-1064.
Shirk S. (1993), « Playing to the provinces: fiscal decentralization and the politics of reforms » The Political Logic
of Economic reform in China, Berkeley, University of California Press, 149-196.
Young Alwyn (2000), The Razor'S Edge: Distortions And Incremental Reform in The People's Republic Of China,
115, 4, 1091-1135, The Quarterly Journal of Economics
7.5. Sources and Limits of the Chinese Economic Growth
Blanchard O. and Giavazzi F. (2005) “Rebalancing Economic Growth in China, a three-handed approach,” MIT
research paper.
Borenstein E. and Ostry J.D. (1996) “Accounting for China’s growth performance,” American Economic Review,
86 (2), 224-228.
Chow G. an,d Li K.K. (2001) “China’s Economic Growth: 1952-2010” Economic Development and Cultural
Change, 51, 1, 247-256.
Goldman S. (2006) “Dreaming with BRICs: the path to 2050”.
Holz C. A. (2006) “China's Reform Period Economic Growth: How Reliable are Angus Maddison's Estimates?”
Review of Income and Wealth, Volume 52, 1, Page 85 - March.
Holz C. A. (2006) “China's Reform Period Economic Growth: How Reliable Are Angus Maddison’s Estimates?
Response to Angus Maddison’s Rreply. Review of Income and Wealth 52:3, 471-475
Krugman P. (1994) “The Myth of Asia’s Miracle,” Foreign Affairs, 73, 6, 62
Kuijs L. and Wang T. (2005) “China’s pattern of growth: moving to sustainability and reducing inequality,” World
Bank Policy Research Working Paper 3767.
Maddison A. (1998), L’économie chinoise : Une perspective historique , OCDE.
Madison A. (2001) “L’Economie mondiale: une perspective millénaire,” OECD.
Palley T. I., (2006) “External Contradictions of the Chinese Development Model: Export-led Growth and the
Dangers of Global Economic Contraction,” Journal of contemporary China, 15 (46).
Rawski T. (2001) “China by the Numbers: How reform affected China’s Economic Statistics” China Perspectives,
33, 25–34, January/February.
-3-
Young X.A., (2003) “From Gold into Base Metals: productivity Growth in the People’s Republic of China during
the reform period,” Journal of Political Economy, 111, 6, pp. 1220-1261.
Zheng J. H. and Hu A. G. (2004) “An Empirical Analysis of Provincial Productivity in China, 1979-2001,”
Working Paper, 1, Center for China Studies, School of Public Policy and Management, Tsinghua
University, China.
7.6. Challenges to be taken up for a sustainable growth
Benjamin D. Brandt L. et Giles J. (2005) The Evolution of Income Inequality in Rural China, Economic
Development and Cultural Change, Vol. 53, No. 4.
Bellocq F.X. et Chaponnière (2006) La croissance et ses déséquilibres, Document de travail de l’AFD.
Brooks, R. et R. Tao, IMF Working Paper: China’s Labor Market Performance and Challenges, November 2003.
Chan A. (2003) “Toujours plus bas: Les effets de la mondialisation sur les conditions de travail en Chine, »
Perspectives chinoises, 75, Janvier-Février.
DREE (2004) « Chine : la longue marche vers la « société de prospérité moyenne », MINEFI, octobre.
Giles, J., Albert F.P. and J.W. Zhang (2005) "What is China's true unemployment rate?" China Economic Review,
16(2): 149-170.de l'Université du Québec
Kanbur R. and X.B. Zhang (2005) “Fifty Years of Regional Inequality in China: a Journey Through Central
Planning, Reform, and Openness, Review of Development Economics, vol. 9, issue 1, pages 87-106
Lasserre F. (2005) « L'Éveil du dragon : les défis du développement de la Chine au XXIe siècle » Presses de
l'Université du Québec.
Meng, R. Gregory et Y. Wang (2005), “Poverty, inequality and growth in urban China, 1986-2000” Journal of
Comparative Economics.
Plantade J.M., Plantade Y. (2006) La face cachée de la Chine : Toute la vérité sur la plus grande jungle
économique du monde, Editeur :Bourin François.
World Bank Economic Report (2004) China-promoting growth with equity: country economic memorandum
7.7. Conclusion: opportunities and challenges for the rest of the World
Cambreleng B. (2006) Faut-il avoir peur de la Chine ?, Milan.
Cohen P., Richard L. (2006) La Chine sera-t-elle notre cauchemar ? : Les dégâts du libéral-communisme en Chine
et dans le monde, Editeur(s) : Mille et une nuits.
The Economist (2003) «Is the Wakening Giant a Monster?: Special Report, China’s Economy», p. 63-65, , vol. 366,
no 8311, 15 February.
Raskin, A. et B. Lindenbaum, (2004) China: Is the World Really Prepared?, Research on Strategic Change,
AllianceBernstein, New York, December.
Shenkar, O. (2005) “The Chinese Century, The Rising Chinese Economy and Its Impact on the Global Economy,
the Balance of Power, and Your Job,” Wharton School Publishing, Upper Saddle River, NJ.
Izraëlewicz E. (2005) « Quand la Chine change le monde », Grasset.
8. Information and data
We can find several revenues on the Chinese economy in
Bibliothèque de la Maison de l'Asie: 22 avenue du Président Wilson, métro Iéna.
Chinese official Site for statistics
NBS: National Bureau of Statistics.
-4-