A Macroeconometric Model of the Chinese Economy

Duo Qin, Marie Anne Cagas, Geoffrey Ducanes, Xinhua He, Rui Liu, Shiguo Liu and Nedelyn Magtibay-Ramos
Additional contact information
Marie Anne Cagas: Asian Development Bank (ADB)
Rui Liu: Institute of World Economics & Politics (IWEP), Chinese Academy of Social Sciences (CASS)
Shiguo Liu: Institute of World Economics & Politics (IWEP), Chinese Academy of Social Sciences (CASS)
Nedelyn Magtibay-Ramos: Asian Development Bank (ADB)

No 553, Working Papers from Queen Mary University of London, School of Economics and Finance

Abstract: This paper describes a quarterly macroeconometric model of the Chinese economy. The model comprises household consumption, investment, government, trade, production, prices, money, and employment blocks. The equilibrium-correction form is used for all the behavioral equations and the general→simple dynamic specification approach is adopted. Great efforts have been made to achieve the best possible blend of standard long-run theories, country-specific institutional features and short-run dynamics in data. The tracking performance of the model is evaluated. Forecasting and empirical investigation of a number of topical macroeconomic issues utilizing model simulations have shown the model to be immensely useful.

Keywords: Macroeconometric model; Chinese economy; Forecasts; Simulations (search for similar items in EconPapers)
JEL-codes: C51 E17 (search for similar items in EconPapers)
Date: 2006-03-01
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Citations: View citations in EconPapers (1)

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Journal Article: A macroeconometric model of the Chinese economy (2007)
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