| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16154 |
| 来源ID | Working Paper 16154 |
| Business Cycles, Consumption and Risk-Sharing: How Different Is China? | |
| Chadwick C. Curtis; Nelson Mark | |
| 发表日期 | 2010-07-01 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | Can standard business-cycle methodology be applied to China? In this chapter, we address this question by examining the macroeconomic time series and identifying dimensions in which China differs from economies (such as Canada and the U.S.) that are typically the subject of business-cycle research. We show that naively applying the standard business-cycle tools to China is no more ridiculous than applying it to Canada, although the dimensions along which the model struggles is different. For China, the model cannot account for the low level of consumption (or high saving) as a proportion of income observed in the data. An examination of provincial level consumption data suggests that the absence of channels for intranational consumption risk sharing may be an important reason why the business-cycle model has trouble accounting for Chinese consumption and saving behavior. |
| 主题 | Macroeconomics ; Consumption and Investment ; Business Cycles ; International Economics ; International Macroeconomics |
| URL | https://www.nber.org/papers/w16154 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573827 |
| 推荐引用方式 GB/T 7714 | Chadwick C. Curtis,Nelson Mark. Business Cycles, Consumption and Risk-Sharing: How Different Is China?. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16154.pdf（422KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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