econ274.academic.wlu.eduEconomics 274 Fall 2018 – China's Modern Economy 中国现代经济 meets TuTh 11:45-1:15 Huntley 230

Economics 274 Fall 2018 China’s Modern Economy 中国现代经济 meets TuTh 11:45-1:15 Huntley 230 Navigation Home 2018 Schedule 2018 Syllabus Office Hours Misc 2018 2018 Texts Ash Paper Midterm #1 Migration Bibliography Paper #2 Archives 2017 Schedule 2017 Syllabus 2017 Memos & Notes Agricultural Contracting BibTest China Bibliography JMU Talk Readings Rule of 70/72 Solow Model 2017 Blogs & Papers Basics of Blogging Blog Topics Blog Schedule HTML Potential blog entry topics Smitka Paper Guidelines Hessler Paper (#1) Murphree Paper (#2) Migration Paper 2017 Blog Topics 2017 Final Paper Assignment Winter 2016 Schedule Winter 2016 Syllabus Paper #2 (Li) Paper #3 (Migration) Final 2016 Paper: Policy Memo Mon ppt Wed Ppt Fall 2015 Archive Fall 2015 Syllabus Fall 2015 Schedule Fall 2015 Hessler Paper 2015 Fall Li Paper Fall 2015 Migration Paper Fall 2015 Wallace Paper Class notes Class 01 Class 02 Class 03 Class 05 09.30 notes 10.05 notes 10.09 class 10.14 class 10.21 Notes 2015 Winter Archive 2015 (Winter) Schedule 2015 (Winter) Syllabus Final Exam Paper Assignments 2015 Hessler one-page memo 2015 Hessler Paper 2015 Li Paper 2015 Migration Paper 2014 Fall Archives Schedule Syllabus 2014 Fall Migration Paper Fall 274 Final 2014 Winter Archives Syllabus 2014 Schedule 2014 2013 Fall Archives Syllabus Fall 2013 Schedule Fall 2013 Fall 2013 Texts 2013 Fall Final Exam Paper #1: Li Manufacturing Memo Assignment 2013 Winter Archives Syllabus Winter 2013 Agriculture Paper (old) Migration paper assignment Week I (password protected) Week I (not password protected) Week II (updated 8 Jan 2013) Week III Week IV Week VII-VIII Week XI-XII slides MT#2 Chinese Industrial Policy: an automotive example Published on November 25, 2018 Author Mike In Japan, motor vehicles were few and far between in the 1950s, and in 1956 half of all vehicles produced were still 3-wheelers. Car production surpassed that of trucks only in 1969, and it was only from the mid-1970s that there were more cars than trucks on the road. Even in 1985 there were only… Continue reading Chinese Industrial Policy: an automotive example → Categories Home Endogeneity Published on October 26, 2018 Author Mike This isn’t about China, but it is a particularly clear example of results that rendered nonsense by the failure to distinguish correlation from causation. In this case, it’s a likely outside factor that affects both the independent” variables (the right-hand side) and the dependent” variable (the left-hand side of y = a + ßX, where… Continue reading Endogeneity → Categories Home BRI: 一带一路 Published on October 18, 2018 Author Mike Oct 18 on Bloomberg, China’s Belt and Road Ambitions: China Is Forced to Reconsider Its Route Into Eastern Europe; 16+1 members disappointed as projects fail to materialize China’s historical geopolitics kept it focused on Central Asia. Yes, in the late Ming Dynasty (16 century) Japanese pirates repeatedly plundered coastal areas. Then there were the British… Continue reading BRI: 一带一路 → Categories Home Foreign Exchange Published on October 1, 2018 Author Mike We analyzed key motives for purchasing foreign exchange. These are: speculation imports portfolio considerations (purchasing US$ assets) direct foreign investment (developing oilfields and building factories and purchasing companies to operate them, eg, not portfolio”) earn returns (eg, interest) We focused on the latter as an empirically relevant factor in currency movements (take Econ 271 for… Continue reading Foreign Exchange → Categories Home Cell Phones, Value Chains and Technology Published on September 17, 2018 Author Mike A popular meme inside the Beltway is that China is stealing us blind. In the background is the assumption that domestic technological capabilities are minimal, and that anything and everything incorporating technology or design must be stolen or counterfeit. In the automotive industry, this turns into the claim that companies are being forced” to hand… Continue reading Cell Phones, Value Chains and Technology → Categories Home China! Published on July 23, 2018 Author Mike It’s an exciting time to study the world’s largest economy, with 1.4 billion people and a middle/upper class almost double the size of those of the US or Europe. If you’re a global company such as GM or VW, there’s a good chance you make more money in China than anywhere else in the world.… Continue reading China! → Categories Home China’s Future Published on April 7, 2017 Author Mike Today’s powerpoint Chinas Future. I left in the agriculture elasticities slide and other details that we covered earlier in the term. I added details to the open economy savings-investment balance (S-I) + (T-G) = (X-M) to the end. Categories Home Uyghurs and Hui: China’s Muslim Minorities Published on April 7, 2017 Author Charlie Two of the largest of China’s fifty-six recognized ethnic minority populations, the Hui and the Uyghur, both largely practice Islam and have both occupied their respective corners of China for centuries. This might lead one to believe that these two groups live similar lives. However, the manner in which the Chinese government treats them could… Continue reading Uyghurs and Hui: China’s Muslim Minorities → Categories Home China’s Rapidly Expanding Air Travel Market Published on April 7, 2017 Author Ryan Curto As the GDP growth in China begins to decrease, the Chinese air travel market is expanding rapidly. Chinese have increased their use of air travel by over 700% since 2000, and China is predicted to overtake the U.S. as the world’s largest aviation market by 2033. Many of the aircraft manufactures are struggling to keep… Continue reading China’s Rapidly Expanding Air Travel Market → Categories Home Chinese Markets React to Trump Published on April 4, 2017 Author bonesc18 Since President Trump’s inauguration in January of this year, the DOW Jones industrial average, the most basic metric for watching the American stock market, has increase by about 5%. Just a few weeks ago, the average broke 21,000, signaling an all-time high. While financial experts were initially worried by what a Trump presidency would do… Continue reading Chinese Markets React to Trump → Categories Home Chinese Marriage: A Pragmatic Venture Published on April 3, 2017 Author Charlie The institutions of marriage and family have undergone a shift in terms of their role in Chinese society. The gender-skewing impact of China’s one-child policy has left the nation with a dearth of young women relative to their male counterparts (a product of many Chinese parents’ preference that their only offspring be male). This, along… Continue reading Chinese Marriage: A Pragmatic Venture → Categories Home US-China relations: Mar-a-Lago Diplomacy Published on April 2, 2017 Author feldsteinp18 Next week, on Thursday and Friday, President Donald Trump will host Chinese President Xi Jinping at his Mar-a-Lago resort. This is not the first-time Mar-a-Lago has been at the forefront of the news cycle as President Trump often retreats to the Florida resort on the weekends to escape the capitol. One of the main conversation… Continue reading US-China relations: Mar-a-Lago Diplomacy → Categories Home The Government’s Tobacco Monopoly Published on March 28, 2017 Author choia18 The China National Tobacco Monopoly largely holds a monopoly over tobacco sales throughout China generating about seven to ten percent of government revenue. In terms of the global market, China Tobacco is the largest tobacco company manufacturing a total of 2.5 trillion cigarettes in 2013 compared to their closest rival Phillips Morris international who only… Continue reading The Government’s Tobacco Monopoly → Categories Home Government Crackdown on Golf Memberships Published on March 28, 2017 Author zhengm18 Golf in China is really expensive, a combination of the opulence and social status associated with playing the game. Memberships in clubs in Beijing can run as as high as $150k for initial fees, and...