Hasan, Mohammad S and Taghavi, Majid (1996) Money, output, price and causality in mainland China. Applied Economics Letters, 3 (2). pp. 101-105. ISSN 1350-4851.
| The full text of this publication is not available from this repository. (Contact us about this Publication) | |
| Official URL http://dx.doi.org/10.1080/135048596356799 |
Abstract
This paper re-examines the relationship between money and other macroeconomic variables in mainland China. The results of a four-variable VAR analysis are indicative of a bi-directional causality between narrow money supply and real income. However, contrary to most research work in this area, the findings support a uni-directional causality from broad money to real income, making the former a good intermediate target variable. Moreover, these results cast serious doubts about the relevance of the quantity theory of money for price determination in China.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences |
| Divisions: | Faculties > Social Sciences > Kent Business School > Accounting and Finance |
| Depositing User: | Rebecca Stevenson |
| Date Deposited: | 27 Jan 2010 12:50 |
| Last Modified: | 27 Jan 2010 12:50 |
| Resource URI: | http://kar.kent.ac.uk/id/eprint/23614 (The current URI for this page, for reference purposes) |
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