Aggregate Behaviour of Investment in China, 1953–96
ISBN: 9780230513884
Platform/Publisher: SpringerLink / Palgrave Macmillan UK
Digital rights: Users: unlimited; Printing: unlimited; Download: unlimited
Subjects: Palgrave Economics & Finance Collection;

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.

LAIXIANG SUN is an Economist at the International Institute for Applied Systems Analysis, Laxenburg, Austria and Senior Research Fellow at the Guanghua School of Management, Peking University. He is the author of The Evolutionary Dynamics of China's Small and Medium-Sized Enterprises in the 1990s and his articles have been published in the Journal of Comparative Economics, Comparative Economic Studies and other international refereed journals.

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