A macroeconometric model of the Chinese economy

Arbeitspapier

This paper describes a quarterly macroeconometric model of the Chinese economy. 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. Great efforts have been made to achieve the best possible blend of standard long-run theories, country-specific institutional features and short-run dynamics in data. 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: Working Paper ; No. 553

Classification and Topics

• Classification: Wirtschaft ; Model Construction and Estimation ; General Aggregative Models: Forecasting and Simulation: Models and Applications
• Subject: Macroeconometric model, Chinese economy, Forecasts, Simulations

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Qin, Duo ; Cagas, Marie Anne ; Ducanes, Geoffrey ; He, Xinhua
• Event: Veröffentlichung
• (who): Queen Mary University of London, Department of Economics
• (where): London
• (when): 2006

Further information

• Handle: http://hdl.handle.net/10419/62838
• Last update: 10.03.2025, 11:41 AM CET