Acta Oeconomica
Volume/Issue:
Volume 70: Issue S
China's economy: From past to future
Author:
Vito Tanzi Former Director, Fiscal Affairs Department, International Monetary Fund (IMF), Washington, DC, USA
Honorary President, International Institute of Public Finance, Munich, Germany

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Pages:
117–126
Online Publication Date:
16 Oct 2020
Publication Date:
16 Oct 2020
Article Category:
Research Article
DOI:
https://doi.org/10.1556/032.2020.00029
Keywords:
economic growth; factors that contribute to growth; catching up hypothesis; technology gap; human capital; openness; populism; trade wars; F6; 01; 053; P2; P52
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Abstract

Why did China grow so fast in the past four decades? What were the main factors? Important ones were: attitude of government; opening to the world; role of culture; exploitation of technological gap; role of foreign trained students; and role of government in the creation of modern infrastructure. These factors are likely to play a much smaller role in the future while several negative factors –populism, trade wars, environmental obstacles, aging of the population, authoritarianism and others are likely to lead to significantly lower growth rates.

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  • Santacreu, A. M. – Zhu, H. (2018): What Does China's Rise in Patents Means? A Look at Quality and Quantity. Economic Research, No. 14, St. Louis, Federal Research Bank.

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  • Tanzi, V. (2008): Peoples, Places and Policies: China, Japan and Southeast Asia. New York: Jorge Pinto Books.

  • Tanzi, V. (2010): Russian Bears and Somali Sharks: Transition and Other Passages. New York: Jorge Pinto Books.

  • Tanzi, V. (2019): Observing Russia’s Transition. МИР ПЕРЕМЕН, The World of Transformations, The International Scientific and Public Journal, No. 2, (in Russian).

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  • World Intellectual Property Organization (WIPO) (2019): World Intellectual Property Indicators. Geneva.

  • Zhang, L. (2016): Rebalancing in China – Progress and Prospects. IMF Working Paper, No. 16/183.

  • Zhu, M. – Zhang, L. – Peng, D. (2019): China’s Productivity Convergence and Growth Potential – A Stocktaking and Sectoral Approach. IMF Working Paper, No. 19/263.

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Cover Acta Oeconomica
Acta Oeconomica Periodical of the Hungarian Academy of Sciences
Print ISSN:
0001-6373
Online ISSN:
1588-2659

Senior editors

Editors-in-Chief: István P. Székely, Dóra Győrffy

Editor(s): Judit Kálmán

Associate Editors

  • Péter Benczúr, Joint Joint Research Center, European Commission
  • Dóra Benedek, International Monetary Fund
  • Balázs Égert, OECD
  • Dániel Prinz, World Bank
  • Rok Spruk, University of Ljubljana, School of Economics and Business, Slovenia

Editorial Board

  • Anders Åslund, Georgetown University and Advisory Council of CASE, USA
  • István Benczes, Corvinus University of Budapest, Hungary 
  • Agnieszka Chłoń-Domińczak, SGH Warsaw School of Economics, Poland
  • Fabrizio Coricelli, University of Siena, Italy
  • László Csaba, Corvinus University of Budapest, Hungary and Central European University, Austria
  • Beáta Farkas, Faculty of Economics and Business Administration, University of Szeged, Hungary
  • Péter Halmai, Budapest University of Technology and Economics, and National University of Public Service, Hungary
  • Martin Kahanec, Central European University, Austria
  • David Kemme, University of Memphis, USA
  • Michael Landesmann, The Vienna Institute for International Economic Studies (WIIW), Austria
  • Péter Mihályi, Corvinus University of Budapest, Hungary
  • Debora Revoltella, European Investment Bank

Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary
E-mail: judit.kalman@uni-corvinus.hu

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2024  
Scopus  
CiteScore  
CiteScore rank  
SNIP  
Scimago  
SJR index 0.201
SJR Q rank Q3

2023  
Web of Science  
Journal Impact Factor 0.7
Rank by Impact Factor Q3 (Economics)
Journal Citation Indicator 0.23
Scopus  
CiteScore 1.4
CiteScore rank Q3 (Economics and Econometrics)
SNIP 0.385
Scimago  
SJR index 0.218
SJR Q rank Q4

Acta Oeconomica
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Acta Oeconomica
Language English
Size B5
Year of
Foundation		 1966
Volumes
per Year		 1
Issues
per Year		 4
Founder Magyar Tudományos Akadémia
Founder's
Address		 H-1051 Budapest, Hungary, Széchenyi István tér 9.
Publisher Akadémiai Kiadó
Publisher's
Address		 H-1117 Budapest, Hungary 1516 Budapest, PO Box 245.
Responsible
Publisher		 Chief Executive Officer, Akadémiai Kiadó
ISSN 0001-6373 (Print)
ISSN 1588-2659 (Online)

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