The Infona portal uses cookies, i.e. strings of text saved by a browser on the user's device. The portal can access those files and use them to remember the user's data, such as their chosen settings (screen view, interface language, etc.), or their login data. By using the Infona portal the user accepts automatic saving and using this information for portal operation purposes. More information on the subject can be found in the Privacy Policy and Terms of Service. By closing this window the user confirms that they have read the information on cookie usage, and they accept the privacy policy and the way cookies are used by the portal. You can change the cookie settings in your browser.
Based on the theoretical principles of Kuznets hypothesis, this paper firstly proposes the Kuznets hypothesis of energy consumption. Empirical analysis in China's 29 provincial regions shows that: The current situations of China's provincial regions have not met the inverted U-shaped curve's inflection of the energy Kuznets hypothesis yet. According to the relationship between Energy consumption and...
Through establishing a driving model that considering the entrepreneurial activity as a determinant and conducting time series analysis of the effect of the entrepreneurial activity on economic growth in China, this paper showed that there was an obviously positive correlation between regional entrepreneurial activities and economic development, and got the corresponding contribution rate of entrepreneurial...
Although there is considerable literature on optimal monetary policy for industrial countries, little research has been undertaken to investigate suitable monetary policy analysis framework for emerging countries that confront a different mix of shocks and have a fear of floating. This paper uses a New Keynesian model to simulate the quarterly data of 1996-2005 in China. Drawing on our econometric...
By using the quarterly data of 1996-2005 in China, we use a dynamic stochastic general equilibrium modeling framework to compare the different design of monetary policy: an interest rate feedback rule and a money growth rule. Drawing on our econometric analysis, we argue that model, closed with interest rate feedback rule comes closer to the data. The paper also suggests to incorporate the sticky...
Based on the China economy data 1996-2005, two issues are addressed in this paper. First, we examine the ability of the DSGE model to describe stylized facts about China economy. The model succeeds to replicate the variability observed in 1996-2005. Second, we compare two methods of motivating money in DSGE Model. Drawing on our econometric analysis, we argue that the cash-in-advance model, closed...
By using the quarterly data of 1996-2005 in China, this paper evaluates the usefulness of a monetary policy rule designed for developed economies. Drawing on our econometric analysis, we argue that the model comes closer to the data of China ,it is an ideal framework for chinese monetary policy analysis. The paper also suggests to make modifications of the typical policy rule to explain Chinese economy...
This paper constructs a dynamic stochastic general equilibrium (DSGE) model which incorporates money by MIU (Money-in-the-Utility Function) approach, and applies it to Chinese business cycle model analysis from 1996 to 2005. The comparison of simulation results and actual data implies that the model can reflect economic fluctuations. Quantitative analysis demonstrates that technology shock and money...
Set the date range to filter the displayed results. You can set a starting date, ending date or both. You can enter the dates manually or choose them from the calendar.