2017 Fall MIB Workshop Series NO.4: Spatial Misallocation in Chinese Economy

Topic: Spatial Misallocation in Chinese Economy                                  

Time: 13:30-15:00, Wednesday, 20 December, 2017

Venue: Room A511, Pao Sui Loong Library

Lecturer: LU Ming  

Abstract:

The Chinese economic growth rate is declining. Total factor productivity growth also saw a turning point in 2003, when the government tried to move resources to those lagged regions. Those policies have led to serious spatial misallocation of labor and land resources. Consequently, the rising housing prices have risen drastically in the coastal large cities, while the inland cities have accumulated government debts. Whether this spatial misallocation can be adjusted determines whether China can achieve more efficient and sustainable growth in the future. 

Guest speaker (Bio):

微信截图_20171128140646.png

Ming LU is Distinguished Professor of Economics, and Director of China Centre for Development Studies at Shanghai Jiao Tong University. He is also Adjunct Professor at Fudan University, and Research Fellow of Peking University-Lincoln Institute, and Hitotsubashi University, Japan. He worked as a Fulbright Scholar at Harvard University and National Bureau of Economic Research (NBER). He has consulted for the World Bank and Asian Development Bank. He teaches Chinese Macroeconomy and China’s Political Economy. His recent research evaluates the urban and regional development policies, and their effects on resource allocation and economic sustainability.