000			01196nam a22001457a 4500
999			_c526331 _d526331
008			240530b ||||| |||| 00| 0 eng d
100			_aCheremukhin, A. et al _953157
245			_aThe political development cycle: The right and the left in People's Republic of China from 1953
260			_aThe American Economic Review
300			_a114(4), Apr, 2024: p.1107-1139
520			_aWe quantify the effects of the political development cycle—the fluctuations between the Left (Maoist) and the Right (pragmatist) development policies—on growth and structural transformation of China in 1953–1978. The left policies prioritized structural transformation toward nonagricultural production and consumption at the expense of agricultural development. The right policies prioritized agricultural consumption through slower structural transformation. The imperfect implementation of these policies led to large welfare costs of the political development cycle in a distorted economy undergoing a structural change.- Reproduced https://www.aeaweb.org/articles?id=10.1257/aer.20220249
773			_aThe American Economic Review
906			_aPOLITICS AND GOVERNMENT - CHINA
942			_cAR