A macroeconometric model of the Chinese economy

被引：9

作者：

Qin, Duo ^{[1
]}

Cagas, Marie Anne

Ducanes, Geoffrey

He, Xinhua

Liu, Rui

Liu, Shiguo

Magtibay-Ramos, Nedelyn

Quising, Pilipinas

机构：

[1] Queen Mary Univ London, London, England

[2] Univ Philippines, Quezon City 1101, Philippines

来源：

ECONOMIC MODELLING | 2007年 / 24卷 / 05期

关键词：

macroeconometric model; Chinese economy; forecasts; simulations;

D O I：

10.1016/j.econmod.2007.02.005

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper describes a quarterly macroeconometric model of the Chinese economy. The model comprises household income and 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-tun 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. (C) 2007 Elsevier B.V. All rights reserved.

引用

页码：814 / 822

页数：9