登录 | 注册    中文 | EN
会员登录
用户名
密    码
忘记密码?
还没有账户? 请注册
邮箱订阅
姓 名
邮 箱
单 位
职 务
学术研究 > 新结构经济学工作论文
新结构经济学工作论文NSE Working Papers
NSE工作论文(No.E2018003): Is China's recent growth slowdown mainly due to demand or supply?
来源:时间:2018-04-08作者:

No. E2018003                                                                                                                                                                                  2018-4-4



Is China's recent growth slowdown mainly due to demand or supply?

 —— A simple model analysis and perspectives of new structural economics

Yong Wang




Abstract

China has been experiencing persistent growth slowdown in the past decade. What is main cause for this slowdown and what policy recommendations should be provided?  In this paper, a simple model is used to illustrate the key differences between Prof. Justin Lin and Prof. Guoqiang Tian in their arguments, and their logical predictions are examined and confronted with real-life data. Conclusion is reached that China’s growth slowdown is mainly driven by negative and persistent external demand shocks. Further discussions from the perspective of New Structural Economics are provided to show how policy recommendations are different from the standard Keynesian argument and why structures are endogenous and relevant.


Key words: Chinese economy, growth, New Structural Economics.


JEL Classifications codes: H11, P26, O11, O40


Download the paper please click HERE

上一篇:NSE工作论文(No.C2018009):新时代新结构新范式:NSEGE ——新结构经济学一般均衡理论初探
下一篇:NSE工作论文(No.C2018008):发展战略与环境污染 ——一个新结构环境经济学的理论假说与实证分析
分享到 :