The Financial Social Accounting Matrix for China, 2002, and Its Application to a Multiplier Analysis

Jia Li

MPRA Paper from University Library of Munich, Germany

Abstract: This study aims to shed light on the linkage between real side and financial side of Chinese economy. Utilizing a financial social accounting matrix (F-SAM) for China, 2002, newly constructed for this purpose, the current study provides a consistent accounting system for Chinese economy. The F-SAM allows a close examination on the structural characteristics of Chinese economy from the perspective of flows of funds. The study goes further to multiplier analysis. The main findings are: first, real side and financial side of Chinese economy are intertwined with each other; secondly, the development of a modern financial system contributes to the growth of Chinese economy; thirdly, financial sector, in place of government, has come to play a central role in resource mobilization and allocation, although government maintains interventions through capital transfer to non-financial enterprises; fourthly, bank deposits and loans are single significant financial instruments in China’s resources mobilization and allocation processes.

Keywords: financial social accounting matrix; China; multiplier analysis (search for similar items in EconPapers)
JEL-codes: C02 C63 P34 (search for similar items in EconPapers)
Date: 2008-03
New Economics Papers: this item is included in nep-acc, nep-cna, nep-sea and nep-tra
References: View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:8174

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