Modelling the post-reform Chinese Economy
dc.contributor.author | Martin, Will | |
dc.date.accessioned | 2023-01-05T02:41:13Z | |
dc.date.available | 2023-01-05T02:41:13Z | |
dc.description.abstract | The system of dual-tier pricing developed in post-reform China includes an important role for secondary market prices in guiding resource allocation and stimulating adjustment. This paper draws on recent theoretical literature on dual-tier pricing systems to specify a computable general equilibrium model of the Chinese economy. Particular attention is paid to the foreign exchange system where the interaction of an overvalued official exchange rate, the foreign exchange retention scheme and secondary markets for foreign exchange affect the performance of the entire economy. Key results of an illustrative simulation experiment for devaluation of the official exchange rate are presented. | |
dc.format.mimetype | application/pdf | |
dc.identifier | b17327581_vol.5 | |
dc.identifier.isbn | 731506936 | |
dc.identifier.issn | 1030-360X | |
dc.identifier.uri | http://hdl.handle.net/1885/282589 | |
dc.provenance | Digitised by The Australian National University in 2023. | |
dc.publisher | National Centre for Development Studies, Australian National University | |
dc.relation.ispartofseries | China Working Paper 90/1 | |
dc.subject | Economic Policy | en_AU |
dc.subject | Chinese Economic Reform | en_AU |
dc.title | Modelling the post-reform Chinese Economy | |
dc.type | Journal article | |
dcterms.accessRights | Open Access | |
dcterms.dateAccepted | 1990 | |
local.contributor.authoremail | repository.admin@anu.edu.au | |
local.identifier.uidSubmittedBy | u5914484 | |
local.type.status | Published Version |
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