Fixed investment and economic growth in China

被引：34

作者：

Kwan, ACC

Wu, YR ^{[1
]}

Zhang, JX

机构：

[1] Rutgers State Univ, Newark, NJ 07102 USA

[2] Chinese Univ Hong Kong, Hong Kong, Peoples R China

[3] Univ Hong Kong, Hong Kong, Peoples R China

来源：

ECONOMICS OF PLANNING | 1999年 / 32卷 / 01期

关键词：

D O I：

10.1023/A:1003424418042

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper attempts to investigate empirically the investment-growth relationship in China. Using the exogeneity framework pioneered by Engle et al. (1983) and Engle and Hendry (1993), we find that fixed investment is a key determinant of China's economic growth, which, surprisingly, has not been rigorously examined in the literature. The super exogeneity test results suggest that there exists a robust (or structurally invariant) relationship between capital formation and income growth, thereby giving credence to policy evaluation.

引用

页码：67 / 79

页数：13

共 31 条

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[Anonymous], 1989, WORLD DEV REP 1989

[2]

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