Home » Aggregate Behaviour of Investment in China 1953-96: An Analysis of Investment Hunger and Fluctuation by Laixiang Sun
Aggregate Behaviour of Investment in China 1953-96: An Analysis of Investment Hunger and Fluctuation Laixiang Sun

Aggregate Behaviour of Investment in China 1953-96: An Analysis of Investment Hunger and Fluctuation

Laixiang Sun

Published May 10th 2014
ISBN : 9781283183109
ebook
304 pages
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 About the Book 

In China, aggregate investment levels have been high and the cycles of investment growth rate have been remarkable. In order to reveal the mechanisms which drive investment hunger and cycles, this book develops an integrated growth-cycle frameworkMoreIn China, aggregate investment levels have been high and the cycles of investment growth rate have been remarkable. In order to reveal the mechanisms which drive investment hunger and cycles, this book develops an integrated growth-cycle framework which integrates the standard theory of socialist economies, the distributive barrier-constrained growth theory of developing economies, and the recent technical progresses in the western business cycle theory. It also analyzes the evolutionary dynamics of Chinas state investment system and the policy trade-off between industrial expansion and agricultural development.