Models of the Chinese Economy is an authoritative and comprehensive
book which will enable readers to gain a more thorough
understanding of this important economy. The authors focus on
economic modelling of the current Chinese economy for forecasting
and policy simulation purposes. Dynamic computable general
equilibrium, gravity, models of exchange rate determination and a
VAR model are employed with which to provide both medium- and
long-term forecasts of China's economic growth and structural
change. All the models have been specially designed to capture the
institutional features of the Chinese economy and the authors also
emphasise the opening of the economy and relations with other
countries. The impact on the Chinese economy of such factors as the
flow of foreign direct investments, trade liberalisations, tariff
cuts and other external shocks are addressed and analysed through
model simulations. This book will be welcomed by international
agencies interested in the economic development of China, China
analysts, academics, and graduate students.
General
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