Chinese Macroeconomic Operation

by Liu Shucheng

Overview

Liu Shucheng is a famous Chinese economist who has a major impact on the study of China's macroeconomics and quantitative economics. Selecting some of Liu's representative studies on Chinese macroeconomy, this book will be a valuable reference for understanding and studying Chinese economy.

The first five papers appear in the author's collected works for the first time. They mainly study the overall balance of Chinese macroeconomic operation and the relative economic mathematical models. The commodity-currency balance sheet improved the earliest input-output model introduced to China in the 1980s, and the author's frontier research is of great importance for Chinese economic study. In attempting to solve the problems caused by incontrollable fixed assets investment, the author examines the periodicity of fixed assets investment in China, including the characteristics, causes, and the impact of investment periodic fluctuation on economic periodic fluctuation. Besides, the author studies Phillips curves in China in a comprehensive and intensive way. These in-depth analysis provide original insights based on the author's extensive research.

Product Details

ISBN-13:	9780367595265
Publisher:	Taylor & Francis
Publication date:	06/30/2020
Series:	China Perspectives
Pages:	206
Product dimensions:	6.12(w) x 9.19(h) x (d)

About the Author

Liu Shucheng is the vice-director of the Academic Division of Economics, Chinese Academy of Social Sciences and the chief editor of Economic Research Journal. His research interests include macroeconomics and quantitative economics.

Table of Contents

List of figures vii

List of tables ix

Acknowledgements x

1 "Commodity-Currency" balance sheet and the mathematical model 1

2 Application of the Extended Input-Output Model in social reproduction 14

3 Extended Input-Output Model and its implications 26

4 Applied research of the macro-econometric model: analysis and manipulation of some important parameters 41

5 Promotion and application of input-output approach at the regional level 50

6 Preliminary study of the periodicity of fixed assets investment in China 64

7 Re-study on the periodicity of fixed assets investment in China: an analysis of its stages 71

8 The third study on the periodicity of fixed assets investment in China: a historical analysis of each cycle 80

9 Impact of investment periodical fluctuation on economic periodical fluctuation: a further study on the periodicity of fixed assets investment in China 98

10 Applied research of the industrial and agricultural production function in China 111

11 On the Phillips curve in China 125

12 Further reforms of the distribution system in stimulating consumption 147

13 The "New Economy" in America: deformation of the Phillips curve and its implications 151

14 On macroeconomic regulation and control in China 155

15 On sound and fast development 168

Index 189