CAUSAL RELATIONSHIPS AMONG ECONOMIC AGGREGATES IN CHINA

被引：10

作者：

LI, KW ^{[1
]}

LEUNG, WSC ^{[1
]}

机构：

[1] WAVERLEY INT LTD, HONG KONG, PEOPLES R CHINA

来源：

APPLIED ECONOMICS | 1994年 / 26卷 / 12期

关键词：

D O I：

10.1080/00036849400000116

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using China's macro data from 1952 to 1989, the stationarity and causality tests to two types of economic aggregates are applied. The first type relates to the conventional money, income and consumption relationship; and the other is associated with the interest rate, money and investment/income relationship as embodied in a financial repression model. Stationarity test results show that most variables have an integrated order of one. The causality test results show that a different direction of causality exists when different measurement of price is used. A causal relationship between interest rate, money and investment/income is also found.

引用

页码：1189 / 1196

页数：8

共 60 条

[1]

Akaike H., 1969, ANN I STATISTICAL MA, V22, P203

[2]

[Anonymous], 1969, FINANCIAL STRUCTURE

[3] THE EVOLVING ROLE OF TAX POLICY IN CHINA [J].