Hasan, Mohammad S, Taghavi, Majid (1996) Money, output, price and causality in mainland China. Applied Economics Letters, 3 (2). pp. 101-105. ISSN 1350-4851. (doi:10.1080/135048596356799) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:23614)
The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. | |
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 |
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DOI/Identification number: | 10.1080/135048596356799 |
Subjects: | H Social Sciences |
Divisions: | Divisions > Kent Business School - Division > Department of Accounting and Finance |
Depositing User: | Mohammad Hasan |
Date Deposited: | 27 Jan 2010 12:50 UTC |
Last Modified: | 05 Nov 2024 10:03 UTC |
Resource URI: | https://kar.kent.ac.uk/id/eprint/23614 (The current URI for this page, for reference purposes) |
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