Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/62921 
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dc.contributor.authorQin, Duoen
dc.contributor.authorCagas, Marie Anneen
dc.contributor.authorQuising, Pilipinasen
dc.contributor.authorHe, Xinhuaen
dc.date.accessioned2012-09-20T13:02:04Z-
dc.date.available2012-09-20T13:02:04Z-
dc.date.issued2005-
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
dc.language.isoengen
dc.publisher|aQueen Mary University of London, Department of Economics |cLondonen
dc.relation.ispartofseries|aWorking Paper |x545en
dc.subject.jelE22en
dc.subject.jelE62en
dc.subject.jelR34en
dc.subject.jelO23en
dc.subject.jelP41en
dc.subject.ddc330en
dc.subject.keywordInvestment, Growth, Impulse response function, Cointegration, Granger non-causalityen
dc.subject.stwInvestitionen
dc.subject.stwWirtschaftswachstumen
dc.subject.stwKointegrationen
dc.subject.stwChinaen
dc.subject.stwMakroökonomischer Einflussen
dc.titleHow much does investment drive economic growth in China?-
dc.typeWorking Paperen
dc.identifier.ppn497586398en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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