Understanding China’s New Dual Circulation Development Strategy
A Marxian Input-Output Analysis
Datos Bibliográficos
| ID | 21549298 |
|---|---|
| Autores | Lijun Su (0000-0001-9972-4698, Nankai University, Tianjin, China), SU Li-jun (0000-0003-0886-3882, Nankai University, Tianjin, China), Junshang Liang (0000-0003-3760-963X, Nankai University, Tianjin, China, autor de correspondencia) |
| Año | 2021 |
| Volumen | 53 |
| Número | 4 |
| Páginas | 590-599 |
| Fecha de publicación | 2021-12-01 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | Review of Radical Political Economics (JOURNAL) |
| Identificadores de la revista | ISSN: 0486-6134 • E-ISSN: 1552-8502 |
| Editorial | SAGE Publications (PUBLISHER • US) |
| DOI | 10.1177/04866134211021971 |
| OpenAlex | W3198346136 |
| Idioma | EN |
| Citas recibidas | 3 |
| Referencias citadas | 8 |
The Chinese government has proposed a new development model called Dual Circulation, which, we argue, is a response to the upsurge of trade protectionism in recent years, as well as an acceleration of China’s long-planned restructuring of its economy. Our input-output analysis reveals the inferior global distributional position of China and the dire consequences it faces from a counterfactual US-China trade decoupling. Specifically, China on average transferred out about 9 percent of its abstract labor during 2010–14, and it stands to lose 2.5 percentage points in its growth rate and over 10 million jobs if the United States and China completely transfer their bilateral trade to other partners. JEL classification: B51, O24, D57
China · Counterfactual thinking · Dual economy · Economic system · Economics · International economics · International trade · Political science · Protectionism · Restructuring · Economic Growth and Productivity · Global trade and economics · Regional resilience and development
| Obras citantes distintas | 3 |
|---|---|
| Citas por año | 3 |
| Intervalo de citas | 2025 - 2026 (2) |
| Velocidad de citación | current |
| Altamente citado | No |
| Tipos de cita | Neutras: 3 |