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.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper ; No. 553

Klassifikation und Themen

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

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Qin, Duo ; Cagas, Marie Anne ; Ducanes, Geoffrey ; He, Xinhua
• Ereignis: Veröffentlichung
• (wer): Queen Mary University of London, Department of Economics
• (wo): London
• (wann): 2006

Weitere Informationen

• Handle: http://hdl.handle.net/10419/62838
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ