Lawrence Juen-yee Lau's Books

Are There Laws Of Innovation?

By: Lawrence Juen-yee Lau,Yanyan Xiong

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Beyond real GDP, innovative capacity is an important indicator of the economic strength of a nation. By studying innovative capacity and other indicators of success in innovation across the Group-of-Seven (G7) Countries, the East Asian Newly Industrialised Economies (EANIEs) and Mainland China, this book will systematically establish a positive relationship between innovation outputs and inputs of different economies. In doing so, it seeks to answer the question — are there laws of innovation? It seeks to identify the determinants of innovation at the economy-wide level, ascertain whether these determinants are similar across different economies, and find suitable metrics for comparing relative success in innovation across different economies. It concludes that innovation, rather than being a stroke of good fortune, comes from research and development activities conducted over a long period of time, and sheds light on future trends and areas for further research.

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Page Count

245

Publisher

World Scientific

Published Date

ISBN 10

9811251193

ISBN 13

9789811251191

The Covid-19 Epidemic In China

By: Lawrence Juen-yee Lau,Yanyan Xiong

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The Covid-19 Epidemic In China

By: Lawrence Juen-yee Lau,Yanyan Xiong

This book contains an in-depth quantitative analysis of the development of the COVID-19 epidemic in China from its very beginning in December 2019 to early April 2020 when it was brought under control. It begins with adjustments of the official cumulative data on newly confirmed cases and deaths, removing any inconsistencies and smoothing the surges not attributable directly to the COVID-19 virus itself. It discusses the measures undertaken by the Chinese Government to control the epidemic. It examines the extent of the infection, the case mortality, and the costs to the Chinese economy in both Hubei, the province in which the first confirmed case was discovered, and the rest of the Mainland outside of Hubei. There is also an international comparison of the Chinese experience with those of other countries.

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Page Count

225

Publisher

World Scientific

Published Date

ISBN 10

9811222525

ISBN 13

9789811222528

Is the Chinese Economy a Miracle or a Bubble?

By: Lawrence J. Lau

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Is the Chinese Economy a Miracle or a Bubble?

By: Lawrence J. Lau

An indispensable reference to the development of the Chinese economy—past, present, and future. —DALE W. JORGENSON, Samuel W. Morris University Professor, Harvard University Since China undertook economic reform and opened its economy to the world in the late 1970s, its economy has been growing at an average annual rate of over 9 percent for more than four decades. No other economy in recorded history has grown at such a high rate and for such a long period as China has done. The questions that naturally arise are: Was the Chinese economy a miracle? Or was it a mere bubble? Will the Chinese economy begin to stagnate like the Japanese economy did in the 1990s, and perhaps decline? Will it be able to escape the “middle-income trap”? If it is not a miracle, can the Chinese development experience be replicated elsewhere? This book provides a comprehensive and detailed discussion of the remarkable growth of the Chinese economy over the past decades, by scrutinising the sources of economic growth, and evaluating the strategies adopted by the Chinese government to promote the transition from a centrally-planned economy to a market-based economy by means of the “dual-track” approach. It is argued that, while the Chinese economy is unique and exceptional in many ways, its development experience can be explained and attributed. ------------------------------------------------------------------------------------------------------------------------------- A comprehensive and detailed discussion of the remarkable growth of the Chinese economy at nearly double-digit rates in the four decades since the reforms of Deng Xiaoping in 1978. This volume will be an indispensable reference to the development of the Chinese economy—past, present, and future. —Dale W. Jorgenson Samuel W. Morris University Professor, Harvard University Lawrence Lau’s discussion and economic reasoning with regard to the economic development of China dispels the view that the Chinese economic development since the opening up in the late 1970s was bubble. I found his reasoning fascinating and his arguments that other countries can replicate the Chinese experience to facilitate their own development sound and well-reasoned. This book will be read and discussed by scholars and practitioners interested in a better understanding of the road to economic development. —Myron Scholes Nobel Laureate in Economic Sciences (1997) Professor Emeritus, Stanford University The essays in this book present a rich and informed analysis of China’s long-run economic development. They provide a unique insight into the Chinese economy at a crucial point in the country’s development. The essays have deep analytical weight, reflecting Lawrence Lau’s outstanding contribution to economic thought and policy formation in China. —Peter Nolan Founding Director, Centre of Development Studies, University of Cambridge This is a great and well-researched book. As a distinguished scholar and renowned adviser to Chinese economic policymakers, Professor Lawrence Lau utilizes extensive data and economic models to evaluate the various sources of growth since China’s 1978 reforms from an innovative perspective. The book juxtaposes China’s experience with other East Asian economies, offering unique and deep insights into its distinctive development path. It’s essential reading for politicians, scholars, business leaders, investors, students, and anyone interested in understanding China better. —Junsen Zhang Dean and Distinguished University Professor, School of Economics, Zhejiang University Fellow of the Econometric Society

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Page Count

516

Publisher

The Chinese University of Hong Kong Press

Published Date

ISBN 10

9882370950

ISBN 13

9789882370951

The China-U.S. Trade War and Future Economic Relations

By: Lawrence J. Lau

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The China-U.S. Trade War and Future Economic Relations

By: Lawrence J. Lau

Some believe in the "Thucydides Trap": the idea that, since a rising power will challenge the dominance of an established one, a China-U.S. trade war will be inevitable. Being the largest and the second largest trading nations globally, the U.S. and China are in fact each other's most important trading partners, among many aspects of their complex interrelationships. In this book, Lawrence J. Lau examines various economic statistics of the past few decades to show that while the real effects of the China-U.S. trade war in 2018 are not negligible, they are relatively manageable for both nations. There is no need to panic, despite psychological effects on the Chinese stock markets and on the renminbi exchange rate. Behind the trade war is the potential economic and technological competition between China and the U.S., which is likely to become the "new normal." It is up to each government to battle against the rise of xenophobia, based on the fact that China-U.S. economic collaboration is a potentially positive-sum game through better coordination and fully utilizing each other's currently underutilized resources. Balancing China-U.S. trade and enhancing economic interdependence are not only possible, but desirable. --

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Page Count

191

Published Date

ISBN 10

9882377858

ISBN 13

9789882377851

Book's by Lawrence Juen-yee Lau

Are There Laws Of Innovation?

Are There Laws Of Innovation?

The Covid-19 Epidemic In China

The Covid-19 Epidemic In China

Is the Chinese Economy a Miracle or a Bubble?

Is the Chinese Economy a Miracle or a Bubble?

The China-U.S. Trade War and Future Economic Relations

The China-U.S. Trade War and Future Economic Relations

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