Online from: 2008
Subject Area: Economics
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|Title:||National agenda, politics, and macroeconomic performance: An empirical study of growth, inflation, and employment in China|
|Author(s):||Yi Feng, (School of Politics and Economics, Claremont Graduate University, Claremont, California, USA)|
|Citation:||Yi Feng, (2010) "National agenda, politics, and macroeconomic performance: An empirical study of growth, inflation, and employment in China", Journal of Chinese Economic and Foreign Trade Studies, Vol. 3 Iss: 2, pp.97 - 109|
|Keywords:||China, Inflation, Macroeconomics, Political economy, Unemployment|
|Article type:||Research paper|
|DOI:||10.1108/17544401011052258 (Permanent URL)|
|Publisher:||Emerald Group Publishing Limited|
|Acknowledgements:||An earlier version of this work was presented at the 20th annual conference of the Association for Chinese Economic Studies Australia (ACESA): The 30 Years of Economic Reforms in China: Retrospect and Outlook James Cook University Townsville Australia 10-11 July 2008 and was published in the Conference Proceedings. The author wishes to thank Baizhu Chen for a previous discussion of the concept in this paper Hsin-Wei Tang for data collection Ivy Melgar for editorial assistance and participants at the 2008 ACESA meeting and the 2009 Chinese Economists Society (CES) annual conference at Nanning China for helpful comments. The author is particularly grateful to two anonymous reviewers for their careful and constructive comments and suggestions. This paper was presented at the Chinese Economists Society (CES) annual conference at Nanning China 12-15 June 2009.|
Purpose – The purpose of this paper is to explore the relationship between China's macroeconomic performance and cyclic political events.
Design/methodology/approach – The research is hypothesis-derived and empirically driven.
Findings – In China, economic growth has been largely consistent under different leaderships, and inflation and unemployment tend to be low during the year in which the Communist Party of China convenes its Congress.
Research limitations/implications – Further multivariate, time-series analysis is expected.
Practical implications – Periodic adjustments in monetary and fiscal policies will benefit sustainable economic growth and social stability.
Originality/value – This is the first empirical work to explore a systematic relationship between cyclic political changes or events and macroeconomic performance in China.
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