A Macroeconometric Model of the Chinese Economy
AbstractThis 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.
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Bibliographic InfoPaper provided by Queen Mary, University of London, School of Economics and Finance in its series Working Papers with number 553.
Date of creation: Mar 2006
Date of revision:
Macroeconometric model; Chinese economy; Forecasts; Simulations;
Find related papers by JEL classification:
- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
- E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-03-18 (All new papers)
- NEP-CNA-2006-03-18 (China)
- NEP-DEV-2006-03-18 (Development)
- NEP-ECM-2006-03-18 (Econometrics)
- NEP-FOR-2006-03-18 (Forecasting)
- NEP-MAC-2006-03-18 (Macroeconomics)
- NEP-SEA-2006-03-18 (South East Asia)
- NEP-TRA-2006-03-18 (Transition Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- J. J. Polak, 1957. "Monetary Analysis of Income Formation and Payments Problems," IMF Staff Papers, Palgrave Macmillan, vol. 6(1), pages 1-50, November.
- Duo Qin & Marie Anne Cagas & Geoffrey Ducanes & Xinhua He & Rui Liu & Shiguo Liu, 2005. "Income Disparity and Economic Growth: Evidence from China," Working Papers 548, Queen Mary, University of London, School of Economics and Finance.
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