China&apos;s 2009–2050 Economic Growth: A New Projection Using the Marxian Optimal Growth Model

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World Review of Political Economy

Volume 9, Issue 4

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China's 2009–2050 Economic Growth: A New Projection Using the Marxian Optimal Growth Model

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Author(s): Chen Li

Publication date (Print): 1 December 2018

Journal: World Review of Political Economy

Publisher: Pluto Journals

Keywords: Marxian optimal growth model, labor growth rate, Euler equation, China, economic growth path

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Abstract

Content

Author and article information

Journal

Journal ID (doi): 10.2307/j50005553

Journal ID (jcode): worlrevipoliecon

Title: World Review of Political Economy

Publisher: Pluto Journals

ISSN: 2042-891X

ISSN: 2042-8928

Publication date (Print): 1 December 2018

Volume: 9

Issue: 4 ( doiID: 10.13169/worlrevipoliecon.9.issue-4 )

Pages: 429-450

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Publisher ID: worlrevipoliecon.9.4.0429

DOI: 10.13169/worlrevipoliecon.9.4.0429

SO-VID: d366a0b0-2cc5-434f-9be0-4664f454caf8

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ScienceOpen disciplines: Political economics

Keywords: labor growth rate,Marxian optimal growth model,economic growth path,China,Euler equation

References

International Monetary Fund. 2018. “IMF Data Mapper, 2018 World Economic Outlook, Gross Domestic Product (GDP), Real GDP Growth.” Accessed August 12, 2018. https://www.imf.org/en/Countries/CHN.
Kanae, R. 2013. The Marxian Optimal Growth Theory. [In Japanese.] Kyoto: Kyoto University Press.
Li, C. 2018. “The New Projection of China's Economic Growth Rate—An Improvement of the Marxian Optimal Growth Model.” [In Japanese.] Frontiers of North East Asian Studies 24: 1–11.
Marx, K. 1987. Capital, vol. 1. Translated by S. Moore and E. Aveling. London: Penguin Classics.
Meng, R. 2012. “The Estimation of Industry-Level Capital Input for China (1).” [In Japanese.] Mita Business Review 55 (3): 31–62.
Onishi, H. 2011. “The Marxian Optimal Growth Model, Reproduction Scheme, and General Law of Capitalist Accumulation.” World Review of Political Economy 2 (4): 603–634.
Onishi, H. 2015. Marxian Economics. [In Japanese.] Tokyo: Keio University Press.
Onishi, H. 2016. China's Economy Is Going the Way through Medium Growth. [In Japanese.] Tokyo: Keio University Press.
Onishi, H., and R. Kanae. 2015a. “‘Age of Large-Population Countries’ and the Marxian Optimal Growth Theory.” [In Japanese.] Mita Journal of Economics 107 (3): 319–331.
Onishi, H., and R. Kanae. 2015b. “Piketty's r>g Is Caused by Labor Exploitation.” [In Japanese.] Marxism 21 107 (3): 139–156.
Shaikh, A. 1974. “Laws of Production and Laws of Algebra: The Humbug Production Function.” The Review of Economics and Statistics 56 (1): 115–120.
Shaikh, A. 2005. “Nonlinear Dynamics and Pseudo-Production Functions.” Eastern Economic Journal 31 (3): 447–466.
Shen, Y. 2011. “A Marxian Optimal Growth Model of China: 1981–2005.” [In Japanese.] The Economic Review 185 (2): 83–98.
Tazoe, A. 2011. “Parameter Estimation for the Marxian Optimal Growth Model.” World Review of Political Economy 2 (4): 635–645.
United Nations. 2017. “World Population Prospects: 2017 Revision, Key Findings and Advance Tables.” Accessed August 12, 2018. https://esa.un.org/unpd/wpp/publications/Files/WPP2017_KeyFindings.pdf.
Yamashita, Y., and H. Onishi. 2002. “Reconstructing Marxism as a Neoclassical Optimal Growth Model.” [In Japanese.] Study on Politics and Economy 78: 25–33.
Yin, Q., and Y. Yamashita. 2013. “Commutable General Equilibrium Model of China's Economy—Focusing on the Comparison of Solow Model and Ramsey Model.” [In Japanese.] Verbal report in Pan Pacific Association of Input-Output Studies: The 24th Conference, Chukyo University, Japan.

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[1] International Monetary Fund. 2018. “IMF Data Mapper, 2018 World Economic Outlook, Gross Domestic Product (GDP), Real GDP Growth.” Accessed August 12, 2018. https://www.imf.org/en/Countries/CHN.

[2] Kanae, R. 2013. The Marxian Optimal Growth Theory. [In Japanese.] Kyoto: Kyoto University Press.

[3] Li, C. 2018. “The New Projection of China's Economic Growth Rate—An Improvement of the Marxian Optimal Growth Model.” [In Japanese.] Frontiers of North East Asian Studies 24: 1–11.

[4] Marx, K. 1987. Capital, vol. 1. Translated by S. Moore and E. Aveling. London: Penguin Classics.

[5] Meng, R. 2012. “The Estimation of Industry-Level Capital Input for China (1).” [In Japanese.] Mita Business Review 55 (3): 31–62.

[6] Onishi, H. 2011. “The Marxian Optimal Growth Model, Reproduction Scheme, and General Law of Capitalist Accumulation.” World Review of Political Economy 2 (4): 603–634.

[7] Onishi, H. 2015. Marxian Economics. [In Japanese.] Tokyo: Keio University Press.

[8] Onishi, H. 2016. China's Economy Is Going the Way through Medium Growth. [In Japanese.] Tokyo: Keio University Press.

[9] Onishi, H., and R. Kanae. 2015a. “‘Age of Large-Population Countries’ and the Marxian Optimal Growth Theory.” [In Japanese.] Mita Journal of Economics 107 (3): 319–331.

[10] Onishi, H., and R. Kanae. 2015b. “Piketty's r>g Is Caused by Labor Exploitation.” [In Japanese.] Marxism 21 107 (3): 139–156.

[11] Shaikh, A. 1974. “Laws of Production and Laws of Algebra: The Humbug Production Function.” The Review of Economics and Statistics 56 (1): 115–120.

[12] Shaikh, A. 2005. “Nonlinear Dynamics and Pseudo-Production Functions.” Eastern Economic Journal 31 (3): 447–466.

[13] Shen, Y. 2011. “A Marxian Optimal Growth Model of China: 1981–2005.” [In Japanese.] The Economic Review 185 (2): 83–98.

[14] Tazoe, A. 2011. “Parameter Estimation for the Marxian Optimal Growth Model.” World Review of Political Economy 2 (4): 635–645.

[15] United Nations. 2017. “World Population Prospects: 2017 Revision, Key Findings and Advance Tables.” Accessed August 12, 2018. https://esa.un.org/unpd/wpp/publications/Files/WPP2017_KeyFindings.pdf.

[16] Yamashita, Y., and H. Onishi. 2002. “Reconstructing Marxism as a Neoclassical Optimal Growth Model.” [In Japanese.] Study on Politics and Economy 78: 25–33.

[17] Yin, Q., and Y. Yamashita. 2013. “Commutable General Equilibrium Model of China's Economy—Focusing on the Comparison of Solow Model and Ramsey Model.” [In Japanese.] Verbal report in Pan Pacific Association of Input-Output Studies: The 24th Conference, Chukyo University, Japan.