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http://hdl.handle.net/10419/63261
  

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dc.contributor.authorZhang, Yinen_US
dc.contributor.authorWan, Guanghuaen_US
dc.date.accessioned2012-09-21T09:19:29Z-
dc.date.available2012-09-21T09:19:29Z-
dc.date.issued2004en_US
dc.identifier.isbn9291906433en_US
dc.identifier.urihttp://hdl.handle.net/10419/63261-
dc.description.abstractThis paper represents a first attempt to study China’s business cycles using a formal analytical framework, namely, a structural VAR model. It is found that: (a) demand shocks were the dominant source of macroeconomic fluctuations, but supply shocks had gained more importance over time; (b) the driving forces of demand shocks were consumption and fixed investment in the first cycle of 1985–90, but shifted to fixed investment and world demand in the second cycle of 1991–96 and the post-1997 deflation period; and (c) macroeconomic policies did not play an important part either in initiating or counteracting cyclical fluctuations.en_US
dc.language.isoengen_US
dc.publisherUNU-WIDER Helsinkien_US
dc.relation.ispartofseriesResearch Paper, UNU-WIDER, United Nations University (UNU) 2004/54en_US
dc.subject.jelE32en_US
dc.subject.jelO53en_US
dc.subject.jelP24en_US
dc.subject.ddc330en_US
dc.subject.keywordbusiness cycleen_US
dc.subject.keywordstructural VARen_US
dc.subject.keyworddemand shocksen_US
dc.subject.keywordsupply shocksen_US
dc.subject.keywordChinaen_US
dc.subject.stwKonjunkturen_US
dc.subject.stwSchocken_US
dc.subject.stwVAR-Modellen_US
dc.subject.stwChinaen_US
dc.titleChina's business cycles: Perspectives from an AD-AS modelen_US
dc.typeWorking Paperen_US
dc.identifier.ppn477328121en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:WIDER Research Papers, United Nations University (UNU)

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