DocumentCode :
2652989
Title :
Numerical Analysis of Chinese Economy in an Small Scale RBC Model: 1996-2005
Author :
Li, Li ; Liu, Yang
Author_Institution :
Dept. of Bus., Hu Bei Univ., Wuhan
fYear :
2009
fDate :
22-24 Jan. 2009
Firstpage :
306
Lastpage :
309
Abstract :
This paper uses a version of Hansen´s (1985) real business cycle (RBC) model to mimic Chinese business cycle from 1996 to 2005. The comparison of simulation results and actual data implies that the model can reflect economic fluctuations. Quantitative analysis demonstrates that technology shock contributes to more than 90.3% of Chinese economic fluctuations, and RBC model is an ideal framework for Chinese economy policy analysis. The paper also suggests to incorporate a wider set of state variable, such as monetary, fiscal, and oil price shocks to improve the performance of the model.
Keywords :
commerce; economics; numerical analysis; Chinese business cycle; economic fluctuations; fiscal; monetary; numerical analysis; oil price shocks; quantitative analysis; real business cycle model; Educational institutions; Electric shock; Fluctuations; International trade; Labor resources; Macroeconomics; Microeconomics; Numerical analysis; Petroleum; Power generation economics; Economic Fluctuations; Real Business Cycle Model; Technology Shock;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Advanced Computer Control, 2009. ICACC '09. International Conference on
Conference_Location :
Singapore
Print_ISBN :
978-1-4244-3330-8
Type :
conf
DOI :
10.1109/ICACC.2009.137
Filename :
4777356
Link To Document :
بازگشت