Was China¡¯s Inflation in 2004 Led by An Agricultural Price Rise?

Xian Xin and Xiuqing Wang

No 702, Working Papers from China Agricultural University, College of Economics and Management

Abstract: The escalation of agricultural prices starting from the end of 2003 raised a growing concern about a new round of inflation in China. This paper assesses the impacts of China¡¯s 2003 agricultural output decline on agricultural prices and inflation with a general equilibrium model calibrated to actual data. The results suggest that China¡¯s 2003 agricultural output decline was not sufficient alone to produce the observed agricultural price increases and inflationary pressure in 2004. This implies there must have been other factors behind the observed escalation of agricultural prices and inflation; a view that is counter to the conventional view that the rise in agricultural prices lead to the 2004 inflation.

Keywords: Agricultural price; Inflation; General Equilibrium Model (search for similar items in EconPapers)
JEL-codes: E31 Q10 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2007-05
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cau.edu.cn/cem/news/newsfj/2007E002.pdf First version, 2007 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cau:wpaper:0702

Access Statistics for this paper

More papers in Working Papers from China Agricultural University, College of Economics and Management Contact information at EDIRC.
Bibliographic data for series maintained by Baozhong Su ( this e-mail address is bad, please contact ).