The Economic Cycle and the Growth of the Chinese Economy

Li Jianwei

$315

Hardback

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English

Routledge
13 March 2017

Regional studies; Economic theory & philosophy; Economic growth

Series: Routledge Studies on the Chinese Economy

The nature of the economic cycle has been a long-standing problem for economists, given much attention by especially Malthus, Marx and Keynes. Key questions include: What are the causes of the economic cycle? Are the causes endogenous or exogenous? and Why is the economic cycle irregular? Economists’ views on these matters have differed, some concluding that governments can intervene effectively to stimulate economic growth, while others argue that government intervention is ineffective and even harmful. This book explores the theory of the economic cycle in relation to economic growth in China, and especially in relation to income distribution and the demand for consumer durables. The book concludes that the cause of the economic cycle is endogenous, that the periodic fluctuation of economic growth and its dynamic equilibrium are natural aspects of the growth of the economy, and it puts forward a new model of the economic cycle which confidently predicts the future trajectory of China’s economic growth.

By: Li Jianwei
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 589g
ISBN: 9781138242913
ISBN 10: 1138242918
Series: Routledge Studies on the Chinese Economy
Pages: 324
Publication Date: 13 March 2017
Audience: College/higher education , College/higher education , A / AS level , Further / Higher Education
Format: Hardback
Publisher's Status: Active

Li Jianwei is a Senior Research Fellow at the Development Research Center of The State Council of the People’s Republic of China.