A DSGE Model of China
View/
Date
2015Type
Article
Publisher
Taylor & Francis
ISSN
0003-6846
Metadata
Show full item recordAbstract
We use available methods for testing macro models to evaluate a model of China over the period from Deng Xiaoping’s reforms up until the crisis period. Bayesian ranking methods are heavily influenced by controversial priors on the degree of price/wage rigidity. When the overall models are tested by Likelihood or Indirect Inference methods, the New Keynesian model is rejected in favour of one with a fair-sized competitive product market sector. This model behaves quite a lot more ‘flexibly’ than the New Keynesian
Journal/conference proceeding
Applied Economics;
Citation
Dai, L., Minford, P. and Zhou, P. (2015) 'A DSGE Model of China', Applied Economics, 47 (59), pp. 6438-6460
Description
This article was published on 22/9/15 in Applied Economics, available online at: http://dx.doi.org/10.1080/00036846.2015.1071477
Collections
Related items
Showing items related by title, author, subject and abstract.
-
The reality of the LTAD model within one women’s artistic gymnastics club in East Wales: a critical investigation of the applicability of the LTAD in relation to participation and elite opportunities in gymnastics
(University of Wales, 2011-10-25)Like many national governing bodies within the UK, Welsh Gymnastics (along with British Gymnastics) have adopted its own version of a development model called the Long Term Athlete Development model (LTAD) (Balyi, 1990; ... -
Predictive models of the 2015 Rugby World Cup: accuracy and application
(Sciendo, 2016-07-27)The current investigation compared 12 models of outcomes of international rugby union matches and then used the most accurate model to investigate performances within the 2015 Rugby World Cup. The underlying linear ... -
An Investigation of the Eye-Accessing Cues Theory of Neurolinguistic Programming
(Cardiff Metropolitan University, 2013)Introduction: Neurolinguistic programming (NLP) is a psychological paradigm in use in many professional fields, including speech and language therapy. One aspect of this theory is the eye accessing cues (EAC) model which ...
