Economic Cycle and the Growth of the Chinese Economy
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A01=Li Jianwei
Actual Growth Rate
Author_Li Jianwei
Average Income
Category=GTM
Category=KCA
Category=KCG
China's Export Growth Rate
China's Gdp Growth
China's Gdp Growth Rate
China’s Export Growth Rate
China’s Gdp Growth
China’s Gdp Growth Rate
consumer durables demand
Cyclical Fluctuation
cyclical fluctuation mechanisms
Demand Cycle
Demand Growth Rate
Economic Cycle
endogenous economic cycle modelling
endogenous growth theory
eq_bestseller
eq_business-finance-law
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Export Growth Rate
Gdp Cycle
Gdp Growth
Gdp Growth Rate
Household Income Distribution
Import Growth Rate
income
income distribution analysis
Income Price Ratio
Investment Growth Rate
Long Term Fluctuations
macroeconomic modelling
Nominal Effective Exchange Rate
Passenger Vehicles
price
Price Adjustment Cycle
ratio
Replacement Demand
Short Term Fluctuations
Urban Household Average Income
Urban Household Income
urban rural economic disparity
Product details
- ISBN 9781138242913
- Weight: 589g
- Dimensions: 156 x 234mm
- Publication Date: 13 Mar 2017
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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The nature of the economic cycle has been a long-standing problem for economists, given much attention by especially Malthus, Marx and Keynes. Key questions include: What are the causes of the economic cycle? Are the causes endogenous or exogenous? and Why is the economic cycle irregular? Economists’ views on these matters have differed, some concluding that governments can intervene effectively to stimulate economic growth, while others argue that government intervention is ineffective and even harmful. This book explores the theory of the economic cycle in relation to economic growth in China, and especially in relation to income distribution and the demand for consumer durables. The book concludes that the cause of the economic cycle is endogenous, that the periodic fluctuation of economic growth and its dynamic equilibrium are natural aspects of the growth of the economy, and it puts forward a new model of the economic cycle which confidently predicts the future trajectory of China’s economic growth.
Li Jianwei is a Senior Research Fellow at the Development Research Center of The State Council of the People’s Republic of China.
