A disequilibrium model of China's foreign trade behaviour:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Leuven
1991
|
| Schriftenreihe: | Katholieke Universiteit <Louvain> / Faculteit der Economische en Toegepaste Economische Wetenschappen: Katholieke Universiteit Leuven, Faculteit der Economische en Toegepaste Economische Wetenschappen
77 |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Zugl.: Leuven, Kath. Univ., Diss., 1991 |
| Beschreibung: | XII, 255 S. graph. Darst. |
Internformat
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Datensatz im Suchindex
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| adam_text | lii
TABLE OF CONTENTS
ACKNOWLEDGEMENTS i
TABLE OF CONTENTS iii
LIST OF SYMBOLS vi
LIST OF TABLES vii
LIST OF FIGURES ix
CHAPTER 1 : INTRODUCTION 1
CHAPTER 2 : INSTITUTIONAL FEATURES OF CPE FOREIGN TRADE AND BRIEF 7
REVIEW OF THE CHINESE ECONOMY:
2.1. Introduction 7
2.2. Institutional Features of CPE Foreign Trade 9
2.3. Foreign Trade Pattern and the Chinese Economy 13
2.4. Concluding Remarks 29
CHAPTER 3 : THEORETICAL FOUNDATION 31
3.1. Introduction 31
3.2. Quantity Rationing Models In Closed Economy 33
3.3. Quantity Rationing Models for an Open Economy 43
3.4. Quantity Rationing Models of an Open CPE 51
3.5. Concluding Remarks 57
iv
CHAPTER 4 : THE BASIC DISEQUILIBRIUM MODEL 59
4.1. Introduction 59
4.2. General Assumptions 60
4.3. Households Behaviour 62
4.4. The Planners Behaviour 69
4.5. Comparative Statics of the Model 79
4.6. An Adjustment Model with Quantity Rationing 88
4.7. An Adjustment Model with Price Rationing 96
4.8. The Portes Winter Specification 103
4.9. Conclusion 107
CHAPTER 5 : THE ECONOMETRIC METHOD 109
5.1. Introduction 109
5.2. Disequilibrium Econometrics 109
o.2.1. The Single Market Models 111
5.2.2. The Stochastic Min Condition Specification 117
5.2.3. The Smoothing by Aggregation Approach 119
5.3. Method of Estimation 122
5.4. Concluding Remarks 138
Appendix : The Multi market Models 140
CHAPTER 6 : MODEL SPECIFICATIONS AND EMPIRICAL ESTIMATIONS 147
6.1. Introduction 147
6.2. The Partial Equilibrium Model of Household Sector 148
6.2.1. The Notional Equations 148
6.2.2. The Effective Equation 154
6.3. Estimates of the Macro Disequilibrium Model 168
6.4. Plan Adjustment Model 180
6.5. The Price Adjustment Model 197
6.6. Concluding Remarks 204
V
CHAPTER 7 : MEASURE OF DISEQUILIBRIUM AND POLICY IMPLICATION 205
7.1. Introduction 205
7.2. Measure of Disequilibrium 205
7.3. Policy Simulations 213
7.3.1. Effects of A 20X Ceteris Partbus Devaluation 214
7.3.2. A Contractionary Fiscal Policy 222
7.4. Conclusions 228
CHAPTER 8: SUMMARY AND CONCLUSION 230
APPENDIX A: FORMAL DERIVATIONS OF THE MODEL 236
APPENDIX B: ORDINARY LEAST SQUARES ESTIMATES 242
APPENDIX C: THE DATA SOURCES 246
BIBLIOGRAPHY 248
vli
LIST OF TABLES
11.1. The Chinese comnodity composition of imports and exports 20
between 1982 1967 (in percentage)
11.2. Percent distribution of China s imports and exports 22
11.3. China s trade by area and countries 23
VI. 1. Estimates of households notional trade offers 152
VI.2. Performance measures for households notional model 154
VI.3. Estimates of households effective trade offers 160
VI.4. The spill over effects of goods constraints 161
VI.5. Performance measures for households effective model 162
VI.6. Estimates of households effective trade model 166
(1976 1987)
VI.7. Estimated Parameters of Model I 171
VI.8. Goodness of fit statistics of the FIML estimation 171
of Model I
VI.9. Estimated Parameters of Model II 172
VI.10. Goodness of fit statistics of the FIML estimation 173
of Model II
VI. 11. Performance measures for Model I and II 175
VI.12. Estimated Parameters of Model III 181
VI.13. Goodness of fit statistics of the FIML estimation 182
of Model III
VI.14. Estimated Parameters of Model IV 182
VI.15. Goodness of fit statistics of the FIML estimation 182
of Model IV
VI.16. Estimates of BPW model 185
VI.17. Performance measures for Model III and IV 186
VI.18. Estimated Parameters of Model V 199
viii
VI.19. Goodness of fit statistics of the FIML estimation 200
of Model V
VI.20. Estimated Parameters of Model VI 200
VI.21. Goodness of fit statistics of the FIML estimation 200
of Model VI
VI.22. Performance measures for Model V and VI 203
VII. 1. Estimated probabilities of the disequilibrium regimes 208
VII.2. Estimated excess demand in percentage 210
VII.3. Devaluation simulated endogenous variables as a 216
percentage of the control
VII.4. Estimated excess demand in the devaluation period 220
VII.5. Fiscal contraction simulated endogenous variable 224
as a percentage of control
VII.6. Estimated excess demand for the fiscal policy period 224
ix
LIST OF FIGURES
11.1 Share of Consumer Goods in China s Imports 16
1I.2 Balance of Trade 19
11.3 Trade and National Income 26
11.4 Agricultural Output, Imports and Exports 26
11.5 Industrial Output, Imports and Exports 27
11.6 Development of Foreign Trade and Investment 27
1I.7 Ratios of Foreign Trade over GDP and NI 28
11.8 Ratios of Imports and Exports over GDP 28
III. 1 The Disequilibrium Regimes 40
111.2 Dixit s Equilibrium Classification 44
1II.3 Effective Balance of Trade and Employment 46
111.4 Internal and External Balance 53
IV.1 Retail Price Index 64
IV.2 Index of National Income 64
IV.3 Disequilibrium Model with Rationing 100
IV.4 Disequilibrium Model with Adjustments 102
V.I The Aggregation of Sub markets in Disequilibrium 121
VI.la Household s Notional Demand Equation 155
(Static Simulation)
VI. lb Household s Notional Demand Equation 155
(Dynamic Simulation)
VI.2a Household s Notional Labour Supply 156
(Static Simulation)
VI.2b Household s Notional Labour Supply 156
(Dynamic Simulation)
VI.3a Household s Notional Savings Demand 157
(Static Simulation)
X
VI.3b Household s Notional Savings Demand 157
(Dynamic Simulation)
VI.4a Household s Effective Demand Equation 163
(Static Simulation)
VI.4b Household s Effective Demand Equation 163
(Dynamic Simulation)
VI.5a Household s Effective Labour Supply 164
(Static Simulation)
VI.5b Household s Effective Labour Supply 164
(Dynamic Simulation)
VI.6a Household s Effective Savings Demand 165
(Static Simulation)
VI.6b Household s Effective Savings Demand 165
(Dynamic Simulation)
VI.7a Static Simulation of Model I: Demand Equation 176
VI.7b Dynamic Simulation of Model I: Demand Equation 176
VI.8a Static Simulation of Model I: Srpply Equation 177
VI.8b Dynamic Simulation of Modes I: Supply Equation 177
VI.9a Static Simulation of Model II: Demand Equation 178
VI.9b Simulation Error of Model II: Demand Equation 178
(Static)
VI.10a Static Simulation of Model II: Supply Equation 179
VI.10b Simulation Error of Model II: Supply Equation 179
(Static)
VI.lla Static Simulation of Model III: Demand Equation 187
VI.lib Dynamic Simulation of Model III: Demand Equation 187
VI.12a Static Simulation of Model III: Supply Equation 188
VI.12b Dynamic Simulation of Model III: Supply Equation 188
VI.13a Static Simulation of Model III: Export Supply 189
Equation
VI.13b Dynamic Simulation of Model III: Export Supply 189
Equation
xi
VI.14a Static Simulation of Model III: Import Demand 190
Equation
VI.14b Dynamic Simulation of Model III: Import Demand 190
Equation
VI.15a Static Simulation of Model III: BOT Equation 191
VI.15b Dynamic Simulation of Model III: BOT Equation 191
VI.16 Dynamic Simulation of Model IV: Demand Equation 192
VI.17 Static Simulation of Model IV: Supply Equation 193
VI.18a Static Simulation of Model IV: Export Supply 194
Equation
VI.18b Dynamic Simulation of Model IV: Export Supply 194
Equation
VI.19a Static Simulation of Model IV: Import Demand 195
Equation
VI.19b Dynamic Simulation of Model IV: Import Demand 195
Equation
VI.20a Static Simulation of Model IV: BOT Equation 196
VI.20b Dynamic Simulation of Model IV: BOT Equation 196
VI.21a Static Simulation of Model V: Price Equation 201
VI.21b Dynamic Simulation of Model V: Price Equation 201
VI;22a Static Simulation of Model VI: Price Equation 202
VI.22b Dynamic Simulation of Model VI: Price Equation 202
VII.1 Effects of a 20X Devaluation on Aggregate Demand 217
(in rate of change)
VII.2 Effects of a 20X Devaluation on Aggregate Supply 217
(In rate of change)
VII.3 Effects of a 20X Devaluation on Export Supply 218
(in rate of change)
VII.4 Effects of a 20X Devaluation on Import Demand 218
(in rate of change)
VII.5 Effects of a 20Z Devaluation on Balance of Trade 219
(in rate of change)
xii
VII.6 Effects of a Contractionary Fiscal Policy on 219
Aggregate Demand (X change)
VII.7 Effects of a Contractionary Fiscal Policy on 225
Aggregate Supply (X change)
VII.8 Effects of a Contractionary Fiscal Policy on 225
Export Supply (X change)
VII.9 Effects of a Contractionary Fiscal Policy on 226
Import Demand (X change)
VII.10 Effects of a Contractionary Fiscal Policy on 226
Balance of Trade (X change)
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| illustrated | Illustrated |
| indexdate | 2024-07-09T17:17:57Z |
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| physical | XII, 255 S. graph. Darst. |
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| spelling | Zhang, Zhaoyong Verfasser aut A disequilibrium model of China's foreign trade behaviour door Zhaoyong Zhang Leuven 1991 XII, 255 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Katholieke Universiteit <Louvain> / Faculteit der Economische en Toegepaste Economische Wetenschappen: Katholieke Universiteit Leuven, Faculteit der Economische en Toegepaste Economische Wetenschappen 77 Zugl.: Leuven, Kath. Univ., Diss., 1991 Geschichte 1982-1987 gnd rswk-swf Evenwichtsmodellen (Economie) gtt Internationale handel gtt Welthandel Ungleichgewichtsmodell (DE-588)4139160-3 gnd rswk-swf Außenhandel (DE-588)4003832-4 gnd rswk-swf China (DE-588)4009937-4 gnd rswk-swf China (DE-588)4009937-4 g Außenhandel (DE-588)4003832-4 s Ungleichgewichtsmodell (DE-588)4139160-3 s Geschichte 1982-1987 z DE-604 Faculteit der Economische en Toegepaste Economische Wetenschappen: Katholieke Universiteit Leuven, Faculteit der Economische en Toegepaste Economische Wetenschappen Katholieke Universiteit <Louvain> 77 (DE-604)BV000002366 77 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=005485303&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Zhang, Zhaoyong A disequilibrium model of China's foreign trade behaviour Evenwichtsmodellen (Economie) gtt Internationale handel gtt Welthandel Ungleichgewichtsmodell (DE-588)4139160-3 gnd Außenhandel (DE-588)4003832-4 gnd |
| subject_GND | (DE-588)4139160-3 (DE-588)4003832-4 (DE-588)4009937-4 |
| title | A disequilibrium model of China's foreign trade behaviour |
| title_auth | A disequilibrium model of China's foreign trade behaviour |
| title_exact_search | A disequilibrium model of China's foreign trade behaviour |
| title_full | A disequilibrium model of China's foreign trade behaviour door Zhaoyong Zhang |
| title_fullStr | A disequilibrium model of China's foreign trade behaviour door Zhaoyong Zhang |
| title_full_unstemmed | A disequilibrium model of China's foreign trade behaviour door Zhaoyong Zhang |
| title_short | A disequilibrium model of China's foreign trade behaviour |
| title_sort | a disequilibrium model of china s foreign trade behaviour |
| topic | Evenwichtsmodellen (Economie) gtt Internationale handel gtt Welthandel Ungleichgewichtsmodell (DE-588)4139160-3 gnd Außenhandel (DE-588)4003832-4 gnd |
| topic_facet | Evenwichtsmodellen (Economie) Internationale handel Welthandel Ungleichgewichtsmodell Außenhandel China |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=005485303&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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