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The Economic Cycle and the Growth of the Chinese Economy by Li Jianwei
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The Economic Cycle and the Growth of the Chinese Economy

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Description

The nature of the economic cycle has been a long-standing problem for economists, given much attention by especially Malthus, Marx and Keynes. Key questions include: What are the causes of the economic cycle? Are the causes endogenous or exogenous? and Why is the economic cycle irregular? Economists’ views on these matters have differed, some concluding that governments can intervene effectively to stimulate economic growth, while others argue that government intervention is ineffective and even harmful. This book explores the theory of the economic cycle in relation to economic growth in China, and especially in relation to income distribution and the demand for consumer durables. The book concludes that the cause of the economic cycle is endogenous, that the periodic fluctuation of economic growth and its dynamic equilibrium are natural aspects of the growth of the economy, and it puts forward a new model of the economic cycle which confidently predicts the future trajectory of China’s economic growth.

Author Biography:

Li Jianwei is a Senior Research Fellow at the Development Research Center of The State Council of the People’s Republic of China.
Release date NZ
December 19th, 2018
Author
Audiences
  • Postgraduate, Research & Scholarly
  • Undergraduate
Illustrations
59 Tables, black and white; 111 Line drawings, black and white; 111 Illustrations, black and white
Pages
300
ISBN-13
9780367179793
Product ID
28608762

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