Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 施康教授 (经济学系) |
| 庄太量教授 (经济学系) |
全文
| 数位物件识别号 (DOI) http://dx.doi.org/10.1016/j.chieco.2009.05.008 |
引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/11WOS source URL
其它资讯
摘要This paper investigates the sources of economic fluctuations in China since its reform that started in 1978. Using the framework of a standard neoclassical open economy model with time-varying frictions (wedge), we study the relative contribution of the efficiency, labor, investment and foreign debt wedges to the business cycles of China. The business accounting procedure suggests that productivity best explains the behavior of aggregate economic variables in China throughout the period of 1978-2006. The labor wedge plays a major role in explaining the movement of labor force. The foreign debt wedge and investment wedge primarily affect the composition of output. but their role ill explaining the movement of output is modest. Our results suggest that the focus of government policies should be to combat the problems of inefficient factor utilization and labor market rigidity. (C) 2009 Elsevier Inc. All rights reserved.
着者He Q, Chong TTL, Shi K
期刊名称China Economic Review
出版年份2009
月份12
日期1
卷号20
期次4
出版社Elsevier
页次650 - 661
国际标準期刊号1043-951X
电子国际标準期刊号1873-7781
语言英式英语
关键词Business cycle accounting; Foreign debt wedge; Open economy model; The Chinese economy
Web of Science 学科类别Business & Economics; Economics; ECONOMICS
