Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/109285 
Year of Publication: 
2006
Series/Report no.: 
ERD Working Paper Series No. 81
Publisher: 
Asian Development Bank (ADB), Manila
Abstract: 
This paper describes a quarterly macroeconometric model of the economy of People's Republic of China. 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 in order to ensure the best possible blend of a priori long-run theories with a posteriori identified short-run factors, as well as country-specific features. 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.
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

Files in This Item:
File
Size
955.11 kB





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