nep-ppm 2006-12-16 papers

on Project and Portfolio Management

Issue of 2006‒12‒16
two papers chosen by
Arvi Kuura
Parnu College - Tartu University

Achieving the Millennium Development Goals: What’s wrong with existing analytical models? By Sanjay G. Reddy; Antoine Heuty
Can China’s Growth be Sustained? A Productivity Perspective By Zheng, Jinghai; Bigsten, Arne; Hu, Angang

Achieving the Millennium Development Goals: What’s wrong with existing analytical models?

By:	Sanjay G. Reddy; Antoine Heuty
Abstract:	This study critically evaluates analytical models presently used to estimate the cost of achieving the Millennium Development Goals (MDGs) from sources including the UN Millennium Project, the UN Development Programme, the World Bank and the Zedillo Commission. Effective strategic choices for achieving the MDGs must be based on sound assessments of the costs and benefits of alternative policies. However, the existing approaches are unreliable. They derive from implausible and restrictive assumptions, depend on poor quality data, and are undermined by the presence of large uncertainties concerning the future. An alternative and less technocratic approach to planning is required.
Keywords:	poverty, development, Millennium Development Goals
JEL:	O11 O21
Date:	2006–09
URL:	http://d.repec.org/n?u=RePEc:une:wpaper:30&r=ppm

Can China’s Growth be Sustained? A Productivity Perspective

By:	Zheng, Jinghai (Department of Economics, School of Business, Economics and Law, Göteborg University); Bigsten, Arne (Department of Economics, School of Business, Economics and Law, Göteborg University); Hu, Angang (Center for China Studies, School of Public Policy and Management)
Abstract:	China’s unorthodox approach to economic transition has resulted in sustained high growth. However, in recent years Chinese economists have increasingly referred to the growth pattern as “extensive”, generated mainly through the expansion of inputs. Our investigation of the Chinese economy during the reform period finds that reform measures often resulted in one-time level effects on TFP. China now needs to adjust its reform program towards sustained increases in productivity. Market and ownership reforms, and open door policies have improved the situation under which Chinese firms operate, but further institutional reforms are required to consolidate China’s move to a modern market economy. <p>
Keywords:	Growth; Productivity; China
JEL:	D24 O47 O53
Date:	2006–11–28
URL:	http://d.repec.org/n?u=RePEc:hhs:gunwpe:0236&r=ppm

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