Institute of Social Studies, The Hague: An Analysis of Investment Hunger and Fluctuation

Sun, Laixiang

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.

Details

Published by: Palgrave Macmillan

Publication Date: 2001-06-26

Format: Paperback

ISBN-13: 9781349426713

DOI: 10.1057/9780230513884

Dimensions: 216cm x140cm

Pages: 290