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Money, output, price and causality in mainland China

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
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: 16 Nov 2021 10:02 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/23614 (The current URI for this page, for reference purposes)

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