Research on Capital Flight during China's Transition Period

Author: Niu Xiaojian
Publisher:
Publish Date: 2005-09-01
Features: This book is part of the "Fudan University Young Economists Series" and is written by Niu Xiaojian, a postdoctoral researcher at Fudan University. Based on a comprehensive review of existing literature, the book redefines capital flight and, in light of its characteristics during China's transition period, thoroughly discusses estimates, causes, and economic effects of capital flight, introducing theoretical innovations. It concludes by synthesizing these discussions to propose policy recommendations. The book presents innovative theories and models, as well as uniquely Chinese issues related to capital flight, such as a new estimation method for capital flight—the structural approach, the widespread "transitional capital flight" currently prevalent in China, the impact of transition methods on capital flight, and why capital flight has not devastated China. These topics enhance the book's academic value.