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Aggregate Behaviour of Investment in China 1953-96: An Analysis of Investment Hunger and Fluctuation

Aggregate Behaviour of Investment in China 1953-96: An Analysis of Investment Hunger and Fluctuation (Hardback)

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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 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.

BusinessEconomicsDevelopment economicsBusinessFinance & accountingFinanceInvestment & securities Publisher: Palgrave Macmillan Publication Date: 26/06/2001 ISBN-13: 9780333948095  Details: Type: Hardback Format: Books
Availability: Unavailable. No reason given.  

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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