The Long-run and Short-run Multipliers of Fiscal Policy in the Chinese Economy
To examine the long-run and short-run multipliers of fiscal policy in China, simple models with some basic characteristics of the Chinese economy are developed and then estimated using cointegration and error correction approaches. Empirical results confirm some similarities between the Chinese economy and well-developed market economies, but also uncover the unique features that China possesses, in terms of the multipliers of permanent and temporary changes in government spending, Okun's coefficient, and the short-run adjustment mechanism.
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Volume (Year): 2 (2004)
Issue (Month): 2 ()
Pages: 115-131
| Handle: | RePEc:taf:jocebs:v:2:y:2004:i:2:p:115-131 |
| DOI: | 10.1080/14765280410001684788 |
| Contact details of provider: | Web page: http://www.tandfonline.com/RCEA20
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| Order Information: | Web: http://www.tandfonline.com/pricing/journal/RCEA20 |
References listed on IDEAS
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.:
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