China’s Premature Demographic Transition in Government-Engineered Growth: Macroeconomic Insights and Policy Implications

Harry X. Wu, Yang Du and Fang Cai

Chapter Chapter 7 in Asymmetric Demography and the Global Economy, 2015, pp 187-212 from Palgrave Macmillan

Abstract: Abstract In this chapter we investigate China’s demographic transition and discuss its financial and macroeconomic implications against the background of government-engineered growth. It should be emphasized from the very beginning that we do not take China’s demographic transition for granted. Rather, we consider China’s demographic transition as a premature process of a coherent part of China’s development strategy that was adopted in the early 1950s and carried out thereafter throughout both its planning and reform periods. In our analysis, we pay particular attention to the “cost” of the government’s forceful and substantial interventions in both demographic transition and resource allocation that aim to achieve a faster catch up with the advanced economies.

Keywords: Labor Income; Purchasing Power Parity; Demographic Transition; Support Ratio; Reform Period (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-48143-6_8

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DOI: 10.1057/9781137481436_8

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