A Small Macroeconometric Model of the People's Republic of China

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ERD Working Paper Series ; No. 81

Classification and Topics

• Classification: Wirtschaft
• Subject: Wirtschaftslage ; Wirtschaftspolitik ; Öffentlicher Haushalt ; Makroökonometrie ; China

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Qin, Duo ; Cagas, Marie Anne ; Ducanes, Geoffrey ; Magtibay-Ramos, Nedelyn ; Quising, Pilipinas ; He, Xin-Hua ; Liu, Rui ; Liu, Shi-Guo
• Event: Veröffentlichung
• (who): Asian Development Bank (ADB)
• (where): Manila
• (when): 2006

Further information

• Handle: http://hdl.handle.net/10419/109285
• Last update: 10.03.2025, 11:43 AM CET