China ’ s Real Business Cycles between 1954 – 2006 : Productivity and Policy Changes ∗

Abstract

We study the real business cycles in China between 1954-2006, and examine the changes after 1978 when China started its market-oriented reforms. To better understand the real business cycle phenomena in China, we develop several estimations to overcome the data problems and improve the business cycle measurement, in particular the consumption, investment… (More)

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Cite this paper

@inproceedings{Zhao2009ChinaS, title={China ’ s Real Business Cycles between 1954 – 2006 : Productivity and Policy Changes ∗}, author={Min Zhao and Minchung Hsu}, year={2009} }