Animal Spirits with Chinese Characteristics: Investment Booms and Busts in the World's Emerging Econ (BOK)

Mark A. DeWeaver

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Animal Spirits with Chinese Characteristics is the first detailed account of the investment booms and busts that drive China's business cycles. This exciting new volume looks first at the causes of these fluctuations, then examines the central government's countercyclical policy responses. DeWeaver shows that the volatility of Chinese investment is primarily the result of perverse incentives inherited from the command-economy era. Beijing's most effective countercyclical policies therefore still take the form of ad hoc administrative interventions. Contrary to popular belief, Beijing cannot 'fine tune' the economy. It also stands little chance of transitioning to a less volatile 'mode of growth.'


Språk Engelsk Engelsk Innbinding Innbundet
Utgitt 2012 Forfatter Mark A. DeWeaver
ISBN 9780230115699
Antall sider 246 Dimensjoner 14,3cm x 22,4cm x 1,6cm
Vekt 412 gram Leverandør Bertram Trading Ltd
Emner og form International economics, Economic forecasting, Economic growth