A MODEL STUDY OF BALANCE OF PAYMENTS AND MONEY SUPPLY OF CHINA

Guoxing Tang
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Guoxing Tang: Fudan University, China

Chapter 2 in Econometric Modeling of China, 2000, pp 9-65 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionCharacteristics of the Chinese Balance of PaymentsCurrent BalanceTrade BalanceStatistics and Goods Structure of Imports and ExportsSpecification of the Import and export EquationsNon-Trade BalanceBalance on transportation and InsuranceBalance on Tourism and TravelBalance on Investment IncomeBalance on Other Service ItemsCapital AccountCharacteristics of Capital AccountAnalysis of Long-Term Capital AccountInflow of Long-Term CapitalOutflow of Long-Term CapitalShort-Term Capital ItemsBalance of Payments and Money SupplyBalance of Payments and Foreign Exchange ReservesFormation of Reserve MoneyMoney SupplyInfluence of Monetary Supply on the EconomyRelationship Between Money Supply M1 and Nominal GDPRelationship Between Money Supply and Price LevelStructure and Test of the ModelStructure of the ModelTest of the ModelReferencesAppendix 1—List of EquationsExportsImportsTrade Balance (IMF)Credit, Services and IncomeDebit, Services and IncomeBalance on Services and IncomeCurrent Account BalanceCredit, Long-term Capital InvestmentDebit, Long-term Capital InvestmentLong-term Capital Investment BalanceShort-term Capital Balance, Errors and OmissionsOverall BalanceForeign Exchange ReserveForeign Assets of Monetary AuthoritiesMoney SupplyNominal GDPGDP DeflatorDefinitionsAppendix 2—List of VariablesAppendix 3—List of Data Used in the Model

Keywords: China; Macroeconometric Models; Current Account; Factor Productivity; Substitution Elasticity; Economic Reform (search for similar items in EconPapers)
JEL-codes: C1 C7 (search for similar items in EconPapers)
Date: 2000
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