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Achieving Equity and Efficiency Simultaneously in the Primary Distribution Stage in the People’s Republic of China. Asian Development Review, Vol. 25(1-2), pp. 34-57

dc.contributor.authorJustin Yifu Lin
dc.contributor.authorPeilin Liu
dc.date.accessioned2015-01-24T13:14:41Z
dc.date.available2015-01-24T13:14:41Z
dc.date.issued2008-08-26
dc.identifier.urihttp://hdl.handle.net/11540/1692
dc.description.abstractThis paper establishes a theoretical framework addressing the long-debated issue of efficiency and equity. Empirical evidence shows that a comparativeadvantage- following development strategy promotes growth and narrows the income gap, achieving both efficiency in production and equity in income distribution. A review of the past three decades of reform reveals that development in line with the comparative advantage of the People’s Republic of China accounts for its outstanding economic performance. The dominant causes of the country’s current problems are the remaining distortions in prices and government interventions in resource allocation. Therefore, to put the government’s “scientific development outlook” into practice and to realize development with quality and speed, the country should deepen marketoriented transformation by eliminating these distortions and interventions. The inclusiveness of development can be further strengthened with financially sustainable social security and transfer payment policies.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.titleAchieving Equity and Efficiency Simultaneously in the Primary Distribution Stage in the People’s Republic of China. Asian Development Review, Vol. 25(1-2), pp. 34-57
dc.typeJournals
dc.subject.adbDevelopment Strategy
dc.subject.adbEconomic Development
dc.subject.adbEconomic Performance
dc.subject.adbEconomic Outlook
dc.title.seriesAsian Development Review
dc.title.volumeVolume 25, Number 1-2, pp. 34-57
dc.contributor.imprintAsian Development Bank
oar.themePoverty
oar.themeLabor Migration
oar.identifierOAR-002488
oar.authorLin, Justin Yifu
oar.authorLiu, Peilin
oar.importtrue
oar.googlescholar.linkpresenttrue


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  • Asian Development Review
    The Asian Development Review (ADR) is a professional journal for disseminating the results of economic and development research relevant to Asia and the Pacific. Since 1983, the ADR has been an important part of the history of the Asian Development Bank and its mission to reduce poverty across Asia and the Pacific.

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