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Title:A macroeconometric model of the Chinese economy PDF Logo
Authors:Qin, Duo
Cagas, Marie Anne
Ducanes, Geoffrey
He, Xinhua
Issue Date:2006
Series/Report no.:Working Paper, Department of Economics, Queen Mary, University of London 553
Abstract: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.
Subjects:Macroeconometric model, Chinese economy, Forecasts, Simulations
JEL:C51
E17
Document Type:Working Paper
Appears in Collections:Working Paper Series, School of Economics and Finance, Queen Mary, University of London

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