Modelling the post-reform Chinese Economy

dc.contributor.authorMartin, Will
dc.date.accessioned2023-01-05T02:41:13Z
dc.date.available2023-01-05T02:41:13Z
dc.description.abstractThe 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.mimetypeapplication/pdf
dc.identifierb17327581_vol.5
dc.identifier.isbn731506936
dc.identifier.issn1030-360X
dc.identifier.urihttp://hdl.handle.net/1885/282589
dc.provenanceDigitised by The Australian National University in 2023.
dc.publisherNational Centre for Development Studies, Australian National University
dc.relation.ispartofseriesChina Working Paper 90/1
dc.subjectEconomic Policyen_AU
dc.subjectChinese Economic Reformen_AU
dc.titleModelling the post-reform Chinese Economy
dc.typeJournal article
dcterms.accessRightsOpen Access
dcterms.dateAccepted1990
local.contributor.authoremailrepository.admin@anu.edu.au
local.identifier.uidSubmittedByu5914484
local.type.statusPublished Version

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