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題名 The Evolution of "Political Business Cycle" in Post-Mao China
作者 陶儀芬
Tao, Yi-Feng
關鍵詞 political business cycle;elite Chinese politics;political succession;socialist state transition;internationalization
日期 2006-03
上傳時間 25-Oct-2016 16:08:38 (UTC+8)
摘要 In the heyday of China`s socialist economy during the Mao era, economic fluctuations were highly correlated with central government policy cycles. In post-Mao China, economic fluctuations are again found to be closely related to political rhythms. A ”political business cycle,” with a logic different from that observed in Western democracies, seems an increasingly significant phenomenon. By scrutinizing the evolution of the political business cycle in post-Mao China, this article concludes that profound institutional changes have taken place from the Deng regime to the Jiang/Hu regime in three respects. First, China`s economic cycle has become more responsive to the political rhythms of formal political institutions, rather than changes in informal politics. Second, when Chinese leaders have needed to manipulate macroeconomic policies to bolster their political popularity, they have increasingly relied on market instruments rather than plan measures to achieve their goals. And third, as China`s economy has been rapidly integrated with the global capitalist system, international factors have played an increasingly important role in determining China`s domestic monetary environment. In other words, the Chinese government`s monetary autonomy has been largely undermined by the growing effects of globalization.
關聯 Issues & Studies,42(1),163-194
資料類型 article
dc.creator (作者) 陶儀芬zh_TW
dc.creator (作者) Tao, Yi-Feng
dc.date (日期) 2006-03
dc.date.accessioned 25-Oct-2016 16:08:38 (UTC+8)-
dc.date.available 25-Oct-2016 16:08:38 (UTC+8)-
dc.date.issued (上傳時間) 25-Oct-2016 16:08:38 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/103296-
dc.description.abstract (摘要) In the heyday of China`s socialist economy during the Mao era, economic fluctuations were highly correlated with central government policy cycles. In post-Mao China, economic fluctuations are again found to be closely related to political rhythms. A ”political business cycle,” with a logic different from that observed in Western democracies, seems an increasingly significant phenomenon. By scrutinizing the evolution of the political business cycle in post-Mao China, this article concludes that profound institutional changes have taken place from the Deng regime to the Jiang/Hu regime in three respects. First, China`s economic cycle has become more responsive to the political rhythms of formal political institutions, rather than changes in informal politics. Second, when Chinese leaders have needed to manipulate macroeconomic policies to bolster their political popularity, they have increasingly relied on market instruments rather than plan measures to achieve their goals. And third, as China`s economy has been rapidly integrated with the global capitalist system, international factors have played an increasingly important role in determining China`s domestic monetary environment. In other words, the Chinese government`s monetary autonomy has been largely undermined by the growing effects of globalization.
dc.format.extent 1730128 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Issues & Studies,42(1),163-194
dc.subject (關鍵詞) political business cycle;elite Chinese politics;political succession;socialist state transition;internationalization
dc.title (題名) The Evolution of "Political Business Cycle" in Post-Mao China
dc.type (資料類型) article