Aggregate Behaviour of Investment in China 1953-96 - An Analysis of Investment Hunger and Fluctuation

Informationen zum Autor Laixiang Sun Klappentext In China, aggregate investment levels have been high and the cycles of investment growth rate have been remarkable. In order to reveal the mechanisms which drive investment hunger and cycles, this book develops an integrated growth-cycle framework which integrates the standard theory of socialist economies, the distributive barrier-constrained growth theory of developing economies, and the recent technical progresses in the western business cycle theory. It also analyzes the evolutionary dynamics of China's state investment system and the policy trade-off between industrial expansion and agricultural development. Inhaltsverzeichnis List of Tables and Figures Preface Introduction Integrating Selected Theories Based on China's Experiences The State Investment System and its Response to Reform Agricultural Constraint to the Insatiable Investment Demand Energy as the Representative of Producer Goods Constraints Estimating Investment Functions Based on Cointegration Conclusions Notes Bibliography Index

Product details

• Authors: Laixiang Sun
• Publisher: Palgrave UK
• Languages: English
• Product format: Hardback
• Released: 26.06.2001
• EAN: 9780333948095
• ISBN: 978-0-333-94809-5
• No. of pages: 304
• Series: Institute of Social Studies; Institute of Social Studies
• Subject: Humanities, art, music > History > 20th century (up to 1945)