Weitere Kapitel dieses Buchs durch Wischen aufrufen
In 2014, the decreasing trend of economy growth will continue. In the first half year of 2014, compared with the same period of the last year, the GDP grew 7.4 %, which was the lowest for the past 4 years.
In the past 3 years, the central government has been applying the micro-stimulus and targeted easing policies to relieve downward pressure of China’s economy, and to maintain growth above 7.5 %. The effects of micro-stimulus policies on economy growth are continuously diminishing:
Based on the features of the economy circle and the economy of “the new normal”, China should appropriately set a lower economic growth target, which will be conducive to appropriately reduce the government intervention of market, and help to greatly cut the cost of macroeconomic controls and operations. Thus, we need to investigate the effects of giving up micro-stimulus policies and reducing the economic growth target on other major macroeconomic indicators.
Bitte loggen Sie sich ein, um Zugang zu diesem Inhalt zu erhalten
Sie möchten Zugang zu diesem Inhalt erhalten? Dann informieren Sie sich jetzt über unsere Produkte:
During 2005–2011, about 7 years, the government expected annual economic growth rate was identified as 8 %. In March 2012, the expected economic growth was down to 7.5 % in “Government Work Report”.
The CQMM is a quarterly model. Therefore, when substituted into the model, we need split the annual drop of economic growth into quarterly change. approach is: we first calculate the annual change of GDP after growth reduction, and then spilt the new annual economic data into new quarterly economic data based on the actual share of each quarter.
- Policy Simulations
Center for Macroeconomic Research of Xiamen University
- Springer Berlin Heidelberg
- Chapter 4
Neuer Inhalt/© Stellmach, Neuer Inhalt/© Maturus, Pluta Logo/© Pluta, Rombach Rechtsanwälte/© Rombach Rechtsanwälte