Five Kinds of Macroeconomic Activities --macroeconomic models and the analysis on Chinese economy(1991-1998)--

Zhong Maochu

Discussion Paper Series from Institute of Economic Research, Hitotsubashi University

Abstract: In this thesis, the aggregate production functions of an economy of at a full demand and at without a full demand are constructed based on the analysis of the relations between aggregate production, aggregate demand and capital stock. The aggregate demand function of an economy is constructed based on the use of expected-income. Moreover, inflation and depression of economic activities are defined base on the advances of "economic support capability curve" and "economic drived curve". Using the models, the activities of an economy can be divided to 5 kinds.: normal, inflation, stagflation, unemployment, and depression. Following, 3 kinds of growth forms are inferenced using the above mentioned production functions. Final, a real economy (Chinese economy 1991-1998) is analyzed using the macroeconomic models.

Keywords: aggregate production function; aggregate demand function; economic support curve; economic activity (search for similar items in EconPapers)
Date: 1999-02
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Persistent link: https://EconPapers.repec.org/RePEc:hit:hituec:a363

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