Econ11.10.10

Econ11.10.10 - 3.Establishment of rural (and urban) social...

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A.1979-2003 B.1994-2000 C. 2001-Changing the role of government from economic actor to regulator 8. WTO accession Dec. 2001: locking in reforms and list of promises 9. 2003-2007 creating property markets and level playing fields Urban land market Private enterprises encouraged SASAC State Asset Supervision and administration Commission ~200 state companies->116 today 10. Rural social security system and environment October 06 “Constructing a harmonious society” 1.Improve socialist democratic legal system Party is above legal system, democratic is not really…just discuss idea during idea generation period 2.Address income inequalities
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Unformatted text preview: 3.Establishment of rural (and urban) social security system Justin Lin Comparative Advantage following development strategy Isoquant vs. Isoquant cuvers Capital vs. Labor Conclusion: Justin Lin and Rodrik disagree completely with development strategy.China in fact is using both. Neoclassical growth model Cobb-Douglass production function Y=AK^(beta)L^(alpha) Three assumptions Assume you can summarize of economic, existence of aggregate production function Has this particular functional formal Alpha and beta are constant 0<alpha<1 0<beta<1 1.Notes a. diminishing returns to k,L dy/dl=At*Kt^beta*AlphaLt=alpha*Yt/Lt09...
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