This work provides a unified and simple treatment of dynamic economics using dynamic optimization as the main theme, and the method of Lagrange multipliers to solve dynamic economic problems. The author presents the optimization framework for dynamic economics in order that readers can understand the approach and use it as they see fit. Instead of using dynamic programming, the author chooses instead to use the method of Lagrange multipliers in the analysis of dynamic optimization because it is easier and more efficient than dynamic programming, and allows readers to understand the substance...

In the early 1990s, the world began to recognize China as a rising economic power to reckon with. China's economy is dynamic - her human and natural resources are plentiful and her economic growth has been well sustained since the late-1970s. In fact, some have predicted that by the year 2015, China's economic output would likely be close to that of the US. It is undeniable that China will be an economic giant, if she is not already one today. In this book, the author traces China's economic development since 1978. Steps and characteristics of China's economic reform are detailed, and...

Beginning with entrepreneurship that propels the dynamic economic changes in China today, this book is organized into four broad parts to discuss China's economic development, to analyze significant economic issues, to recommend economic policies and to comment on the economic issues in the American economy for comparison.

This book introduces the basic tools of dynamic optimization in economics to study environmental problems, applies econometric methods to estimate and test the models derived by dynamic optimization, and discusses environmental problems in a broad perspective, including the design and implementation of environmental policies. Although the coverage is selective, it represents what the author has to offer from his perspective and experience gained in research in dynamic optimization, econometrics and policy analysis, especially for China. The volume is self-contained for readers with...

China's rapid rise to become the world's second largest economy has resulted in an unprecedented impact on the global system and an urgent need to understand the more about the newest economic superpower. The Routledge Handbook of the Chinese Economy is an advanced level reference guide which surveys the current economic situation in China and its integration into the global economy. Internationally renowned lines up of scholars contribute essays on the key components of the contemporary economy and their historical foundations. Topics covered include: the history of the Chinese economy from...

A collection of essays presented at a conference on the Asia-Pacific region, this text includes discussion of issues in the areas of: economics; the socio-political arena; and US-Asia relations.