Zhang, Chengsi; Li, Chaofeng - In: Emerging Markets Finance and Trade 50 (2014) 1, pp. 150-163
This paper examines whether the major components of China's real gross domestic product (GDP) have exhibited smoother, less volatile growth since the late 1990s, and, if so, what has caused this "great moderation" in their growth. Employing unknown-structural-breakpoint tests and constructing a...