Understanding Chinese GDP

✍ Scribed by Xuguang Song

• Publisher: Springer Singapore;Palgrave Macmillan
• Year: 2019
• Tongue: English
• Leaves: 364
• Edition: 1st ed. 2019
• Category: Library

✦ Synopsis

This book provides in-depth analyses on accounting methods of GDP, statistic calibers and comparative perspectives on Chinese GDP. Beginning with an exploration of international comparisons of GDP, the book introduces the theoretical backgrounds, data sources, algorithms of the exchange rate method and the purchasing power parity method and discusses the advantages, disadvantages, and the latest developments in the two methods. This book further elaborates on the reasons for the imperfections of the Chinese GDP data including limitations of current statistical techniques and the accounting system, as well as the relatively confusing statistics for the service industry. The authors then make suggestions for improvement. Finally, the authors emphasize that evaluation of a country’s economy and social development should not be solely limited to GDP, but should focus more on indicators of the comprehensive national power, national welfare, and the people’s livelihood. This book will be of interest to economists, China-watchers, and scholars of geopolitics.

✦ Table of Contents

Front Matter ....Pages i-xxi
One Dropped Pebble Creates a Thousand Ripples (Xuguang Song)....Pages 1-15
Re-examining Some Problems in the Methodology of International Economic Comparison (Xuguang Song)....Pages 17-36
Limitations of the Exchange Rate Method (Xuguang Song)....Pages 37-53
Viewing and Applying the PPP Correctly (Xuguang Song)....Pages 55-95
Understanding PPP Through Examples (Xuguang Song)....Pages 97-106
Calculating China’s GDP (Xuguang Song)....Pages 107-132
Confusion in the Service Industry Data (Xuguang Song)....Pages 133-167
Similarities and Differences Between GDP and GNI (Xuguang Song)....Pages 169-199
National Power and Processing Depth Coefficient (Xuguang Song)....Pages 201-232
Comparisons of People’s Standard of Living (Xuguang Song)....Pages 233-247
Rankings of Countries in Terms of Energy, Per Capita Arable Land, Water Resources, and Expenditures on Medical and Health Care (Xuguang Song)....Pages 249-254
Changes in the GDP Rankings (Xuguang Song)....Pages 255-287
Economic Scale, the United Nations Membership Dues, and Shares of the World Bank (Xuguang Song)....Pages 289-303
ICP Shock (Xuguang Song)....Pages 305-316
Back Matter ....Pages 317-355

✦ Subjects

Economics; Asian Economics; Development Theory; Asian Politics