一、讲座主题：Demographics and FDI: Lessons from China's One-Child Policy
Dr. Jian Li is an associate professor at the Institute of Advanced Economic Research, Dongbei University of Finance and Economics. He received his Ph.D. in Economics at Goethe University Frankfurt Germany. His research interests are in household finance, capital flows and ageing, financial stability, and innovation economics. His work has been published in journals including European Economic Review, Journal of Empirical Finance, Economics Letters, China Economic Review, Technological Forecasting & Social Change, among others.
Following the introduction of the one-child policy in China, the capital-labor ratio of China increased relative to that of India, while FDI/GDP inflows to China vs India simultaneously declined. These observations are explained in the context of a simple neoclassical OLG paradigm. The adjustment mechanism works as follows: the reduction in the growth rate of the (urban) labor force due to the one- child policy increases the capital per worker inherited from the previous generation. The resulting increase in China’s domestic capital - labor ratio thus ‘crowds out’ the need for FDI in China relative to India. Our paper is a contribution to the nascent literature exploring demographic transitions and their effects on FDI flows.