Due to their sheer size and stake in the global economy, China and India have long been identified as the two giant economies of Asia. This book presents a highly engaging comparative study on the economic growth of China and India by examining the significance of the role of productivity in economic growth as well as their relations with regional partners. Through detailed analysis of trade, services, energy and pollution, readers are invited to follow the two distinctive development trajectories taken by the two countries, as well as challenged to consider the issue of sustainability of grow
Contents; Preface; List of Tables; List of Figures; Chapter 1 Introduction; 1.1 Comparative Studies of the Chinese and Indian Economies; 1.2 Outline of the Chapters; Chapter 2 Growth Since the 1980s; 2.1 Introduction; 2.2 Stylized Facts About Economic Reforms and Growth in China and India; 2.3 Sources of Growth; 2.4 Further Discussions; 2.4.1 Sensitivity Analysis; 2.4.2 Growth at the Sector Level; 2.5 Growth Outlook; 2.6 Conclusion; Appendix; Chapter 3 Regional Growth and Convergence; 3.1 Regional Growth in China and India; 3.2 Regional Convergence or Divergence
3.3 Sources of Regional Disparity: A Regression Analysis3.4 Concluding Remarks; Appendix; Chapter 4 Role of the Service Sector; 4.1 Service Sector Development; 4.1.1 Service Sector Growth; 4.1.2 Output and Employment Shares; 4.1.3 Regional Variations; 4.1.4 Growth from an International Perspective; 4.2 Determinants of Service Growth; 4.2.1 The Theory; 4.2.2 The Empirics; 4.3 Growth Outlook; 4.4 Conclusion; Chapter 5 Changing Bilateral Trade; 5.1 Background; 5.2 China-India Bilateral Trade; 5.2.1 Composition of Trade; 5.2.2 Intensity of Trade; 5.2.3 Intra-Industry Trade
5.3 Are China and India Competitors?5.4 Summary and Concluding Remarks; Chapter 6 Energy Consumption and Carbon Emission; 6.1 Cross-Country Comparison of Energy Consumption and CO2 Emission; 6.2 Energy and Carbon Emission Intensities; 6.3 Where Are China and India Heading?; 6.4 Concluding Remarks; Appendix; Chapter 7 Pollution Control and Economic Growth; 7.1 High Growth at the Expense of the Environment; 7.2 Sources of Pollution; 7.3 Climate Change Responsibilities; 7.4 Potential Policy Responses; 7.4.1 Energy Efficiency; 7.4.2 Environment-Friendly Development Model
7.4.3 Environmental Regulations7.5 Conclusion; Chapter 8 Conclusion; 8.1 The Main Findings; 8.2 Growth Outlook in China and India; Bibliography; Index
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