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The Correlation Analysis Of "Double Surplus Balance" In The Outside And Chinese Inner Economic Structure Disequalibrium

Posted on:2012-12-16Degree:MasterType:Thesis
Country:ChinaCandidate:Y W ZhangFull Text:PDF
GTID:2219330368497103Subject:International trade
Abstract/Summary:PDF Full Text Request
China's reform and opening up, rapid economic growth and openness is continually deepening, but there the situation inside and outside the same imbalance. Internal imbalances mainly high investment, low consumption, investment, output can not be successfully formed by the absorption by the consumer; Another manifestation of the internal imbalance in the high investment in China under the premise remains the problem of excessive savings, savings can not all into investment. External imbalance is manifested in the "double surplus." This paper empirically examines consumption, investment, savings and price these variables within the economy, the difference between import and export, foreign exchange reserves and other external economic relations between variables. Internal imbalances inherent in the decision as internal necessity of the external imbalance, consumption, investment and savings are affected in different ways to the external economy, where investment is a cause to increase the positive balance of import and export variables, showing that China's export-led investment guidance and policy is the reason why external imbalances. On the other hand, the excess saving relative to investment and net export surplus is a direct link, savings investment and net exports in the value of the difference basically is the equivalent. But from the opposite direction, we find that the external imbalance of the domestic economy is relatively small, the feedback on the role of consumption and investment in the causality test can not be proved, mainly by increasing external imbalances and thus on domestic prices and foreign exchange reserves savings have a positive effect. Internal and external imbalances from the perspective of the overall economic performance of China's current position, the Chinese now face the plight of the root causes of internal and external imbalances in China's consumption level is too low. To reduce or eliminate internal and external imbalances must proceed from the adjustment of the domestic economy, and domestic economic policy is still the focus is to continue to uphold the stability of investment and stimulating consumption.
Keywords/Search Tags:Economic, internal and external balance, consumption, foreign exchange reserves, savings
PDF Full Text Request
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