part of the research results of the "middle income trap" project conducted by the CASS and the Asian Development Bank Institute(ADBI).Project leader:Cai Fang
A distortion is a departure from the allocation of economic resources from the state in which each agent maximizes his/her own welfare. Distortions can be divided into endogenous distortion(i.e. market imperfections) ...
funded by National Social Sciences Foundation Program:Empirical Analysis and Countermeasures of Income Distribution Imbalances for Corporate Average Employees Based on Quality and Efficiency(Approval No.13BJY037)
This paper aims to investigate the effects of labor allocation distortions and various levels of distortion-free labor allocation on social output in China's primary,secondary and tertiary industries.Theoretical model...