Macroeconomic Control and Economic Growth in China

• Main Authors: Ching-Hsuan Huang, 黃靖軒
• Other Authors: Chi-Wei Su
• Format: Others
• Language: en_US
• Published: 2008
• Online Access: http://ndltd.ncl.edu.tw/handle/30746861583809445749

碩士 === 靜宜大學 === 財務金融研究所 === 96 === The aim of this study is to examine the relationship between Macroeconomic control and economic growth in China. Empirical results indicate that real GDP, real exchange rate, real exports, real stock price index, real deposit rate and the period of Macroeconomic control have a long-run relationship. Furthermore, we uses the impulse response function to test the relationship between these variables and find when China uses Macroeconomic control Policy, it has positive effect on GDP in the first, but the influence of Macroeconomic control becomes large with the flight of time, the GDP turns to negative, it means Macroeconomic control can restrain the over-heat economy.