EconStor >
Queen Mary, University of London >
School of Economics and Finance, Queen Mary, University of London  >
Working Paper Series, School of Economics and Finance, Queen Mary, University of London  >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/62921
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorQin, Duoen_US
dc.contributor.authorCagas, Marie Anneen_US
dc.contributor.authorQuising, Pilipinasen_US
dc.contributor.authorHe, Xinhuaen_US
dc.date.accessioned2012-09-20T13:02:04Z-
dc.date.available2012-09-20T13:02:04Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/62921-
dc.description.abstractInvestment-driven growth has long been regarded as a key development strategy in China. This paper investigates empirically the validity of this view. Post-1990 data analyses and macroeconometric model simulations show that market demand has become a regular force in driving investment since reforms, that non-demand-driven investment growth contributes to increasing capital-output ratio far more than output growth, that government investment exerts a pivotal role in amplifying investment cycles, albeit effective in promoting employment, and that delayed and rising consumption from current investment surge can help sustain the impact of growth even with constant-returns-to-scale in the long-run GDP.en_US
dc.language.isoengen_US
dc.publisherQueen Mary, Univ. of London, Dep. of Economics Londonen_US
dc.relation.ispartofseriesWorking Paper, Department of Economics, Queen Mary, University of London 545en_US
dc.subject.jelE22en_US
dc.subject.jelE62en_US
dc.subject.jelR34en_US
dc.subject.jelO23en_US
dc.subject.jelP41en_US
dc.subject.ddc330en_US
dc.subject.keywordInvestment, Growth, Impulse response function, Cointegration, Granger non-causalityen_US
dc.subject.stwInvestitionen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwKointegrationen_US
dc.subject.stwChinaen_US
dc.subject.stwMakroökonomischer Einflussen_US
dc.titleHow much does investment drive economic growth in China?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn497586398en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Working Paper Series, School of Economics and Finance, Queen Mary, University of London

Files in This Item:
File Description SizeFormat
497586398.pdf701.15 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.