Aggregate Behaviour of Investment in China, 1953-96 : An Analysis of Investment Hunger and Fluctuation
1st ed. 2001
by
Laixiang Sun
Book Details
Format
Paperback / Softback
Book Series
Institute of Social Studies, The Hague
ISBN-10
1349426717
ISBN-13
9781349426713
Edition
1st ed. 2001
Publisher
Palgrave Macmillan
Imprint
Palgrave Macmillan
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jun 26th, 2001
Print length
290 Pages
Ksh 16,200.00
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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.
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 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 China''s state investment system and the policy trade-off between industrial expansion and agricultural development.
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