Why has China Grown so Fast? The Role of Structural Change

Can others learn from China's remarkable growth rate? We explore some indirect determinants of Chinas growth success including the degree of openness, institutional change and sectoral change, based on a cross-province dataset. Our methodology is the informal growth regression, which permits the introduction of some explanatory variables that represent the underlying as well as the proximate causes of growth. We first address the problem of model uncertainty by adopting two approaches to model selection, Bayesian Model Averaging and the automated General-to-Specific approach, to consider a wide range of candidate predictors of growth. Then variables flagged as being important by these procedures are used in formulating our models, in which the contribution of factors behind the proximate determinants are examined using panel data system GMM. All three forms of structural change - relative expansion of the trade sector, of the private sector, and of the non-agricultural sector - are found to raise the growth rate. Moreover, structural change in all three dimensions was rapid over the study period. Each change primarily represents an improvement in the efficiency of the economy, moving it towards its production frontier. We conclude that such improvements in productive efficiency have been an important part of the explanation for China's fast growth. --Economic growth,Structural change,Openness,Institutional change,China

REDUCING THE CLOCKWISE-ALGORITHM TO k LENGTH CLASSES

In the present paper, we consider an optimization problem related to the extension in k-dimensions of the well known 3x3 points problem by Sam Loyd. In particular, thanks to a variation of the so called “clockwise-algorithm”, we show how it is possible to visit all the 3^k points of the k-dimensional grid given by the Cartesian product of (0, 1, 2) using covering trails formed by h(k)=(3^k-1)/2 links who belong to k (Euclidean) length classes. We can do this under the additional constraint of allowing only turning points which belong to the set B(k):={(0, 3) x (0, 3) x ... x (0, 3)}

Metric spaces in chess and international chess pieces graph diameters

This paper aims to study the graph radii and diameters induced by the $k$-dimensional versions of the well-known six international chess pieces on every finite $\{n \times n \times \dots \times n\} \subseteq \mathbb{Z}^k$ lattice since they originate as many interesting metric spaces for any proper pair $(n,k)$. For this purpose, we finally discuss a mathematically consistent generalization of all the planar FIDE chess pieces to an appropriate $k$-dimensional environment, finding (for any $k \in \mathbb{Z}^+$) the exact values of the graph radii and diameters of the $k$-rook, $k$-king, $k$-bishop, and the corresponding values for the $3$-queen, $3$-knight, and $3$-pawn. We also provide tight bounds for the graph radii and diameters of the $k$-queen, $k$-knight, and $k$-pawn, holding for any $k \geq 4$.Comment: 35 pages, 34 figures. References and a figure added; some typos corrected; improvements on grammar and styl

Spartan Daily, February 24, 1977

Volume 68, Issue 15https://scholarworks.sjsu.edu/spartandaily/6169/thumbnail.jp

Spartan Daily, February 24, 1977

Volume 68, Issue 15https://scholarworks.sjsu.edu/spartandaily/6169/thumbnail.jp