Cost Distortions and Structural Imbalances in China
نویسندگان
چکیده
This paper attempts to explain the fundamental cause of China’s growing imbalance problems. Economic data confirm that the key structural imbalance problems, such as overinvestment, large current account surpluses, low consumption share of GDP and income inequality, have all deteriorated over the past few years, despite continuous policy efforts to correct these problems. We argue that the key determining factor is repressed factor cost, which is associated with heavily distorted markets for labor, capital, land, resources and the environment. These are like implicit subsidies for producers, investors and exporters. They boost growth and, at the same time, lift investment and exports. Previous policy efforts have focused more on administrative measures, which have not been sustainable. Therefore, a more fundamental solution to the imbalance problem lies in completing market-oriented reforms for production factors and allowing free markets to determine prices of labor, capital, land and resources.
منابع مشابه
Structural relationships model of type D personality and depression with the mediation of cognitive distortions and family functioning in the citizens of Bandar Abbas
Background and Objectives: Depression is a disorder in which personality factors are one of the presumed causes. The purpose of this study was to test the fit of structural model of personality type D and depression mediated by cognitive distortions and family functioning in the citizens of Bandar Abbas. Methods: This study was a correlation of structural equation modeling. Its population consi...
متن کاملمدل یابی معادلات ساختاری تعیینگرهای مشکلات بین فردی : نقش سبکهای دلبستگی و انحرافات شناختی بین فردی در دانش آموزان
One of the most important factors affecting interpersonal problems is early childhood experiences with parents. These experiences play an important role in developing attachment. The present study was undertaken to investigate the mediating role of interpersonal cognitive distortions in the relationship between attachment styles and interpersonal problems. A total of 214 participants completed ...
متن کاملNovel Neural Network Model of Power Amplifier plus Iq Imbalances
Traditionally, the transmitter (TX) IQ imbalances distortion and power amplifier (PA) distortion are separately modeled. In this paper, the behavior of the two distortions are unified, and characterized by a single model. Rectangular structured Focused Time-Delay Neural Network (RSFTDNN) is proposed to uniformly model IQ imbalances and PA distortions. As a result, the physical distortions in th...
متن کاملDi-(2-ethylhexyl) phthalate induces precocious puberty in adolescent female rats
Objective(s): Nowadays, Di-(2-ethylhexyl) phthalate (DEHP) is widely used in different kinds of commercial products as a plasticizer. Previous studies have revealed that exposures to DEHP could be associated with precocious puberty in teenagers, but the exact mechanism is yet to be known. Materials and Methods: In this study, 48 prepubertal Wistar female rats were randomly apportioned into 4 gr...
متن کاملDynamical stability of cantilevered pipe conveying fluid in the presence of linear dynamic vibration absorber
When the velocity of fluid flow in a cantilevered pipe is successively increased, the system may become unstable and flutter instability would occur at a critical flow velocity. This paper is concerned with exploring the dynamical stability of a cantilevered fluid-conveying pipe with an additional linear dynamic vibration absorber (DVA) attachment. It is endeavoured to show that the stability o...
متن کامل