Fixed Investment and Economic Growth in China

被引：0
作者：
Andy C. C. Kwan
Yangru Wu
Junxi Zhang
机构：
[1] Chinese University of Hong Kong,
[2] Rutgers University,undefined
[3] University of Hong Kong,undefined
来源：
Economics of Planning | 1999年 / 32卷
关键词：
Economic Growth; Economic System; Policy Evaluation; Income Growth; Capital Formation;
D O I：
暂无
中图分类号：
学科分类号：
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.
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页码：67 / 79
页数：12
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