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Note on a model of Chinese national income determination
Authors:Gregory C Chow
Institution:1. Center of Clinical Laboratory, Zhongshan Hospital of Xiamen University, School of Medicine, Xiamen University, Xiamen, China;2. Institute of Infectious Disease, School of Medicine, Xiamen University, Xiamen, China;3. Xiamen Clinical Laboratory Quality Control Center, Xiamen, China;4. Xiamen Zhongshan Hospital, Fujian Medical University, Xiamen 361004, China;1. Fujian Engineering and Research Center of Rural Sewage Treatment and Water Safety, School of Environmental Science and Engineering, Xiamen University of Technology, Xiamen, 361024, China;2. State Key Joint Laboratory of Environmental Simulation and Pollution Control, School of Environment, Beijing Normal University, Beijing, 100875, China;3. Institute for Energy, Environment and Sustainable Communities, University of Regina, Regina, Sask, S4S 0A2, Canada;1. School of Labor and Human Resources, Renmin University of China, Beijing, China;2. School of Management, Hebei Finance University, Hebei, China;3. Business School of Sport, Beijing Sport University, Beijing, China
Abstract:A macroeconomic model of Chow (1985) explaining aggregate consumption by the permanent income hypothesis of Robert Hall and aggregate investment by the accelerations principle was found to fit Chinese annual data from 1952 to 1982 well. This note shows that the same model can successfully explain Chinese annual data from 1978 to 2006.
Keywords:
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