Econometric modeling of China / editors, Lawrence R. Klein, Shinichi Ichimura.

Format:

Book

Contributor:

Klein, Lawrence Robert.

Ichimura, Shinichi, 1925-

Series:

Econometrics in the Information Age: Theory and Practice of Measurement

Econometrics in the information age ; vol. 3

Language:

English

Subjects (All):

Economic forecasting--China--Econometric models.

Economic forecasting.

Balance of payments--China--Econometric models.

Balance of payments.

Finance--China--Econometric models.

Finance.

China--Economic conditions--1976-2000--Econometric models.

China.

Physical Description:

1 online resource (392 p.)

Place of Publication:

Singapore ; River Edge, NJ : World Scientific, c2000.

Language Note:

English

Summary:

This is the very first book to offer seven substantial econometric models of the Chinese economy with the statistical data used, so that the reader will be able to reproduce them all and test them for any policy alternatives.The book presents up-to-date models produced both inside and outside China, so that readers can understand most of the advanced studies of the Chinese economy by Chinese experts at the present time. This is an invaluable reference for graduate students and scholars working on Chinese economic problems.

Contents:

Foreword; Contents; List of Tables and Figures; Introduction to: Econometric Modeling of China; Chapter 1 A Model Study of Balance of Payments and Money Supply of China; Introduction; 1. Characteristics of the Chinese Balance of Payments; 2. Current Balance; 2.1. Trade Balance; 2.2 Non-Trade Balance; 3. Capital Account; 3.1 Characteristics of Capital Account; 3.2 Analysis of Long-Term Capital Account; 3.3 Short-Term Capital Items; 4. Balance of Payments and Money Supply; 4.1 Balance of Payments and Foreign Exchange Reserves; 4.2 Formation of Reserve Money; 4.3 Money Supply

4.4 Influence of Monetary Supply on the Economy4.5 Relationship between Money Supply M1 and Nominal GDP; 4.6 Relationship between Money Supply and Price Level; 5. Structure and Test of the Model; 5.1 Structure of the Model; 5.2 Test of the Model; References; Appendix 1 - List of Equations; Appendix 2 - List of Variables; Appendix 3 - List of Data Used in the Model; Chapter 2 ICSEAD'S Econometric Model of the Chinese Economy; 1. Introduction; 2. Econometric Models of the Chinese Economy: Brief Historic Review; 3. Outline of the Model; 3.1 Basic Principles of Model Building

3.2 Outline of the Model4. Some Simulation Analyses; 4.1. Effects of FDI Increase; 4.2. Effects of Money Supply Expansion; 4.3. Effects of Increase in Government Consumption; 4.4. Effects of Increase in Public Investment; 4.5. Effects of World GDP Increase; 5. Reference; Appendix A - China Macro Econometric Model 1997 Version Equation List; Appendix B - Simulation; Appendix C - Statistical Data; Chapter 3 Outline of the PAIR China-Hong Kong Link Model; 1. PAIR Project; 2. Data Problems; 2.1 China; 2.2 Hong Kong; 2.3 Merchandise Trade Statistics; 3. Model Specification; 3.1 Background

3.2 Trade Link3.3 Domestic Block; 4. Estimation Results and Simulation Analysis; 4.1 Estimation Results; 4.2 Simulation Analyses of Exchange Rate Policy; Appendix 1. Estimation Results of RRXM; Appendix 2. Structure of Trade Block in PCHLM; Appendix 3. Price Determination Structure of China Block; Appendix 4. List of Equation (PLM ver.98.1); Appendix 5-1-1. List of Variables for China; Appendix 5-1-2. Data Set for China; Appendix 5-2-1. List of Variable for Hong Kong; Appendix 5-2-2. Data Set for Hong Kong; Appendix 6. Estimation Results of Equations; Appendix 7. Final Test (1985-1996)

Chapter 4 China's Econometric Model for Project PAIR1. Introduction; 2. Data; 3. Structure of the Model; 3.1 Private Consumption Expenditures; 3.2 Investment Function; 3.3 Production Functions; 3.4 Export and Import Functions; 3.5 The Price Index Equations; 3.6 Fiscal and Private Income Equations; 4. List of the Equations; 4.1 Domestic Demand Block; 4.2 Production and Gross Domestic Product Block; 4.3 Finance and Private Income Block; 4.4 Price Block; 4.5 Foreign Trade Block; 5. Explanation of Variables; 5.1 Endogenous Variables; 5.2 Exogenous Variables; 6. Dynamic Simulation Test

7. Policy Simulations

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

9789812792457

9812792457