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National agenda, politics, and macroeconomic performance An empirical study of growth, inflation, and employment in China

National agenda, politics, and macroeconomic performance An empirical study of growth, inflation,... 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Chinese Economic and Foreign Trade Studies Emerald Publishing

National agenda, politics, and macroeconomic performance An empirical study of growth, inflation, and employment in China

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Publisher
Emerald Publishing
Copyright
Copyright © 2010 Emerald Group Publishing Limited. All rights reserved.
ISSN
1754-4408
DOI
10.1108/17544401011052258
Publisher site
See Article on Publisher Site

Abstract

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.

Journal

Journal of Chinese Economic and Foreign Trade StudiesEmerald Publishing

Published: Jun 22, 2010

Keywords: China; Macroeconomics; Inflation; Unemployment; Political economy

References