Name: Analysis of Economic Growth & Inflation (en Inglés)
Price: 60.66 USD
Availability: InStock
Author: Raymond Cook
ISBN: 9783656442349

portada Analysis of Economic Growth & Inflation (en Inglés)

Analysis of Economic Growth & Inflation (en Inglés)

Formato

Libro Físico

Editorial

Grin Verlag

Autor

Raymond Cook

Idioma

Inglés

N° páginas

Encuadernación

Tapa Blanda

ISBN13

9783656442349

Analysis of Economic Growth & Inflation (en Inglés)

Raymond Cook (Autor) · Grin Verlag · Tapa Blanda

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Reseña del libro "Analysis of Economic Growth & Inflation (en Inglés)"

Research Paper (postgraduate) from the year 2011 in the subject Economics - Finance, grade: A, University of Newcastle, language: English, abstract: During the past two decades, China's economy has been growing rapidly, so has the inflation rate. This research focuses on the relationship between China's inflation rate and economic growth. There are three sub-questions, consisting of whether there is a significant correlation between China's inflation and economic growth, whether there is a cause-and-effect relationship between China's inflation and economic growth, and how time factor influences their relationship. The result will be helpful for the government to find a way in order to achieve high economic growth and low inflation. After reviewing empirical literature, we know that as the dada and methods differ, different researchers have generated different conclusions regarding the relationship between inflation and economic growth. In this research, we use CPI to measure inflation rate and GDP growth rate to measure economic growth rate. All the data are collected from the National Bureau of Statistics of China. We use three methods to analyse data, including the Correlation Coefficient test, the Granger Causality test as well as the VAR model analysis. The result turns out to be that there is a bidirectional causality relationship between inflation and economy growth, but the relationship is not so strong because CPI is not solely driven by GDP. At last, we have come up with three recommendations: firstly, change their model of economic development; secondly, use the monetary policies; thirdly, monitor and predict people's expectation of inflation.