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| Author: | Liang, Xiaomin |
| Title: | Stimulaitng total demand-finding the way out of depression using keynesianism (original in Chinese) |
| Journal: | Economy and Information (c)
1999 : 6, p.13-14 |
| Index terms: | DEMAND KEYNESIAN SCHOOL INVESTMENT INCENTIVES CHINA |
| Language: | chn |
| Abstract: | is taken as a reference whenever there is an economic depression and the demand is smaller than total supply. In stimulating investment, Keynesianism allows the main body of investment with clear property right to make correct decision on investment. In addition, government functions decisive to stimulating total demand. Keynes's idea of direct investment in infrastructure is still effective. In China, infrastructure is quite backward. It's a positive position to issue bonds for infrastructure investment, which would stimulate private investment and consumption via Keynes multiplier effect and thus, give an impetus to the whole economy. |
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