| dc.contributor.author | Chen, Shenjie. | en_US |
| dc.date.accessioned | 2014-10-21T12:38:14Z | |
| dc.date.available | 1991 | |
| dc.date.issued | 1991 | en_US |
| dc.identifier.other | AAINN71562 | en_US |
| dc.identifier.uri | http://hdl.handle.net/10222/55291 | |
| dc.description | In this study we constructed a CGE model for the Chinese economy which is used to study the impacts of the economic reforms on the Chinese economy. | en_US |
| dc.description | The model consists of five sectors, namely, agriculture, industry, construction, transportation and commerce. For the supply side of the market, the individual labourer's supply of output is a result of applying his/her optimal effort level to the production process. The demand side of the economy consists of four components, namely, consumption, investment, intermediate demand and net export. The determination of private demand for consumption goods is specified as a two stage optimization model. The sectoral supply and private consumption functions are estimated by using the two-stage east squares estimator. The estimation of the supply function for the agricultural sector is achieved by using a recursive formula for least squares estimation with forgetting factors. Given the estimated supply and demand functions, the CGE model is reduced to a set of excess demand equations along with a price normalization rule. The solution to the CGE model is reduced to a problem of finding a vector of equilibrium relative prices such that excess demand is equal to zero in each sector. | en_US |
| dc.description | The estimated structure of the CGE model of the Chinese economy is used to conduct a simulation experiment. The experiment consists in computing a set of relative equilibrium prices and equilibrium outputs assuming the bonus ratio to be unity in the non-agricultural sectors and comparing these equilibrium prices and outputs with the actual relative prices and outputs when the bonus ratio is equal to a fraction of profits. The results of the experiment show that the efficiency gain of allowing the bonus ratio to be unity is small. This is because no reallocation of resources is allowed in the experiment. If reallocation of resources is allowed, the efficiency gain is expected to be much bigger. | en_US |
| dc.description | Thesis (Ph.D.)--Dalhousie University (Canada), 1991. | en_US |
| dc.language | eng | en_US |
| dc.publisher | Dalhousie University | en_US |
| dc.publisher | | en_US |
| dc.subject | Economics, General. | en_US |
| dc.title | A computable general equilibrium model for the Chinese economy. | en_US |
| dc.type | text | en_US |
| dc.contributor.degree | Ph.D. | en_US |
