Journal article
An analysis of money and output in the industrial sector in China
Abstract
The relationship between monetary aggregates and economic activity is investigated for the Chinese industrial sector for 1980–1988, a period which brackets the process of monetary reform culminating in the establishment of a full-fledged central bank in 1984. Using Granger's definition of causality, Akaike's concept of final prediction error, and Hsaio's sequential testing procedure, we find evidence suggesting that the relationship between …
Authors
Chan MWL; Deaves R; Wang C
Journal
Journal of Asian Economics, Vol. 3, No. 2, pp. 271–280
Publisher
Elsevier
Publication Date
September 1992
DOI
10.1016/1049-0078(92)90017-s
ISSN
1049-0078