Abstract
This paper presents economic laws that are valid for China's macro-economy from 1952 to 2013 in spite of the many institutional changes during this period. The laws include a consumption function based on the adaptive expectations hypothesis of Friedman (1957) or the rational expectations hypothesis of Hall (1978), an investment function derived from the accelerations principle and the roles of government expenditure and money supply. It extends the analyses of Chow (1985, 2010 and 2011) to cover longer periods and study additional issues.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
