National Income, Strategic Discontinuity, and Converging Trajectories of Macroeconomic Policy Initiatives: An Empirical Study of China Cover Image

National Income, Strategic Discontinuity, and Converging Trajectories of Macroeconomic Policy Initiatives: An Empirical Study of China
National Income, Strategic Discontinuity, and Converging Trajectories of Macroeconomic Policy Initiatives: An Empirical Study of China

Author(s): Victor Lux Tonn, Wendian Chen, Hsi C. Li
Subject(s): Politics, Sociology
Published by: Uniwersytet Adama Mickiewicza
Keywords: strategic discontinuity; systemic changes; econometric testing; advancing economy; China

Summary/Abstract: The framework of converging trajectories of macroeconomic policy initiatives is employed in the context of strategic discontinuity to study the national income of an advancing economy. A model of systemic changes based upon an equation of production and consumption is presented. In this study of the Chinese economy of 1980-2014, over time, the dynamics of policy imbalance is found to decrease considerably, which is consistent with the decreasing trend of shrinking the differences among the impact coefficients of government consumption, private investment, and private consumption.

  • Issue Year: 2018
  • Issue No: 4
  • Page Range: 131-152
  • Page Count: 22
  • Language: English
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