Abstract
The Economy of China has been growing at a high rate of about 8.1% in the past two decades. This represents 2.5 points more than in the two decades prior to 1970. Since 1979, the economic reform and open policies were implemented, the economy has been growing particularly much faster and the labor productivity improved, due to the progressive introduction of the market mechanism.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Similar content being viewed by others
References
C. Moriguchi and Tang Guoxing (1984) ”An econometric model of PRC,” LINK Project meeting, Stanford University, Aug.
Tang Guoxing (1984) ”Long-term Multi-Sectoral Econometric Model of China,” Quantitative & Technical Economics, NO. 10
Tang Guoxing (1990) ”Macro-Economic Model 1,” the Development Research Centre of the State Council ed., Economic Development and Econometric Model of China, China: Finance & economy Press, pp. 60–87.
Tang Guoxing (1988) ”Opening to Foreign Investment and Economic Growth of China,” Discussion Paper KIER 8801, Kyoto Institute of Economic Research
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1994 Springer-Verlag Tokyo
About this chapter
Cite this chapter
Guoxing, T. (1994). Economy of China: 1969–1989 A Macro-Econometric Model (CMD90). In: Ichimura, S., Matsumoto, Y. (eds) Econometric Models of Asian-Pacific Countries. Springer, Tokyo. https://doi.org/10.1007/978-4-431-68258-5_3
Download citation
DOI: https://doi.org/10.1007/978-4-431-68258-5_3
Publisher Name: Springer, Tokyo
Print ISBN: 978-4-431-70134-7
Online ISBN: 978-4-431-68258-5
eBook Packages: Springer Book Archive