haku: @author Chow, G. / yhteensä: 2
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| Tekijä: | Chow, G. Kwan, Y. |
| Otsikko: | Economic effects of political movements in China: lower bound estimates |
| Lehti: | Pacific Economic Review
1996 : JUN, VOL. 1:1, p. 13-26 |
| Asiasana: | ECONOMICS POLITICS CHINA |
| Kieli: | eng |
| Tiivistelmä: | The authors construct a structural econometric model to measure partially the economic effects of political movements in China. Consumption, or equivalently investment, is determined by a central planner trying to maximize a multiperiod objective function. Political events are modeled by exogenous changes in the shocks to productivity and to investment which affect the time paths generated by the model with and without the changes in the shocks. The dynamic optimization model is estimated using data from 1952 to 1993. |
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