Analysing the determinants of China's aggregate investment in the reform period

China Economic Review

Volumn 12, Issue 2-3, 2001, Pages 227-242

  Song, Haiyan ^a   Liu, Zinan ^b   Jiang, Ping ^c  

^a UNIVERSITY OF SURREY   (United Kingdom)

^b LONDON METROPOLITAN UNIVERSITY   (United Kingdom)

^c Dongbei University   (China)

Author keywords

Aggregate investment and error correction model; C20; China; E22; E62

Indexed keywords

EID: 0042907281     PISSN: 1043951X     EISSN: None     Source Type: Journal    
DOI: 10.1016/S1043-951X(01)00052-9     Document Type: Article

References (25)

1. Chai J.C.H. China: transition to a market economy. 1998;Clarendon Press, Oxford.
2. Chow G.C. A model of Chinese national income determination. Journal of Political Economy. 93:1985;782-791.
3. Chow G.C. Capital formation and economic-growth in China. Quarterly Journal of Economics. 108:1993;809-867.
4. Clark J.M. Business acceleration and law of demand: a technical factor in economic cycles. Journal of Political Economy. 25:1917;217-235.
5. de Leeuw F. The demand for capital goods by manufacturers: a study of quarterly time series. Econometrica. 30:1962;407-423.
6. Duesenberry J.S. Business cycles and economic growth. 1958;McGraw-Hill, New York.
7. Engle R.F., Granger C.W.J. Cointegration and error correction: representation, estimation and testing. Econometrica. 55:1987;251-276.
8. Evans M.K. A study of industry investment decisions. Review of Economics and Statistics. 49:1967;151-164.
9. Hall R.E., Jorgenson D.W. Tax policy and investment behaviour. American Economic Review. 57:1967;391-414.
10. Hendry D.F. Dynamic econometrics. 1995;Oxford Univ. Press, Oxford.
11. Hendry D.F., Richard J.F. On the formulation of empirical models in dynamic econometrics. Journal of Econometrics. 20:1982;3-33.
12. Hsueh T.et al. China's Provincial Statistics 1949-1989. 1993;Westview Press, Boulder.
13. Hu Z., Khan M.S. Why is China growing so fast? IMF Staff Papers. 44:1997;103-131.
14. Kopcke R. Forecasting investment spending: the performance of statistical models. New England Economic Review. 1982;13-32. November/December.
15. Kopcke R. The determinants of investment spending. New England Economic Review. 1985;20-35. July/August.
16. Koyck L.M. Distributed lags and investment analysis. 1954;North-Holland, Amsterdam.
17. Li H., Liu Z., Rebelo I. Testing the neo-classical theory of economic growth: evidence from Chinese provinces. Economics of Planning. 31:1998;117-132.
18. Meyer J.R., Kuh E.E. The investment decisions: an empirical study. 1957;Harvard Univ. Press, Cambridge.
19. Pesaran, M. H., Shin, Y., & Smith, R. J. (1996). Testing for the existence of a long-run relationship. DAE Working Paper No. 9622. Department of Applied Economics, University of Cambridge.
20. Rebelo S. Long-run policy analysis and long-run growth. Journal of Political Economy. 99:1991;500-521.
21. Song, H., & Fu, Y. (2001). Investment and economic growth in China. Paper presented at the 51st International Atlantic Economic Conference, 13-16 March 2001, Athens, Greece.
22. Song H., Liu X., Romilly P. Modelling volatility of the Chinese stock markets. International Review of Applied Economics. 12:1998;129-139.
23. Stemp, K., & Wong, K. (1999). China and the WTO. Discussion Paper (ECON499) of the Department of Economics. University of Washington, Seattle, WA.
24. Sun L.X. Estimating investment functions based on cointegration: the case of China. Journal of Comparative Economics. 26:1998;175-191.
25. Tobin J. A general equilibrium approach to monetary theory. Journal of Money, Credit and Banking. 1:1969;15-29.