How much does investment drive economic growth in China?
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 28, Heft 7, S. 751-774
ISSN: 0161-8938
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In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 28, Heft 7, S. 751-774
ISSN: 0161-8938
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 28, Heft 7, S. 751-774
ISSN: 0161-8938
In: Computers and Electronics in Agriculture, Band 144, S. 86-93
This paper describes a quarterly macroeconometric model of the economy of People's Republic of China. The model comprises household consumption, investment, government, trade, production, prices, money, and employment blocks. The equilibrium-correction form is used for all the behavioral equations and the general simple dynamic specification approach is adopted in order to ensure the best possible blend of a priori long-run theories with a posteriori identified short-run factors, as well as country-specific features. The tracking performance of the model is evaluated. Forecasting and empirical investigation of a number of topical macroeconomic issues utilizing model simulations have shown the model to be immensely useful.
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