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Item Details
Title: AGGREGATE BEHAVIOUR OF INVESTMENT IN CHINA, 1953-96
AN ANALYSIS OF INVESTMENT HUNGER AND FLUCTUATION
By: Laixiang Sun
Format: Paperback

List price: £70.50


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ISBN 10: 1349426717
ISBN 13: 9781349426713
Publisher: PALGRAVE MACMILLAN
Pub. date: 26 June, 2001
Edition: 1st ed. 2001
Series: Institute of Social Studies, The Hague
Pages: 290
Synopsis: 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.
Illustrations: XIII, 290 p.
Publication: UK
Imprint: Palgrave Macmillan
Returns: Returnable
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