After giving a brief monetary history of the Chinese macro-economy, this paper presents an error correction model to explain the inflation rate from 1954 to 2002 by its past change, the change in log (M2/real output) and the deviation in the previous period of log price level from a regression...

This paper offers an explanation of the quantitative changes in education spending by the framework of demand analysis, including the changes in the ratio of educational funding to GDP in the period 1991-2002. The income effect is estimated mainly by using cross-provincial data, while time...

After giving a brief monetary history of the Chinese macro-economy, this paper presents an error correction model to explain the inflation rate from 1954 to 2002 by its past change, the change in log (M2/real output) and the deviation in the previous period of log price level from a regression...