Book Reviews

Abstract

Carsten A. Holz of Stanford Center for International Development, Stanford University reviews, “China's Remarkable Economic Growth” by John Knight and Sai Ding. The EconLit abstract of this book begins: “Explores how the Chinese economy has managed to grow at a rapid rate for over three decades from the perspectives of economic theory, empirical estimation, and institutional analysis. Discusses setting the stage; approaches to understanding economic growth; the evolution of institutions and policies; China in a cross-country growth perspective; the basic cross-province growth equation; the role of physical and human capital formation; the role of structural change—trade, ownership, and industry; why China invests so much; economic growth and the labor market; economic growth and inequality; economic growth and happiness; economic growth in China—prospect; and economic growth in China—retrospect. Knight is Emeritus Professor of Economics and Fellow of St. Edmund Hall at the University of Oxford. Ding is Research Fellow at the University of Oxford and Lecturer in Economics at the University of Glasgow. Name and subject indexes.”