중국 경제의 과잉투자 현상에 대한 실증적 연구

• 영문명: An Empirical Study on the China s Over-Investment Problem
• 발행기관: 한국동북아경제학회
• 저자명: 최의현(Choi, Eui-Hyun)
• 간행물 정보: 『동북아경제연구』東北亞經濟硏究 第19卷 第2號, 113~141쪽, 전체 29쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2007.08.31

영문 초록

The object of this paper is empirically analyses the reason of Chinese over-investment. Many studies pointed out the several reason of overinvestment since 2000 which is 1) over-investment caused by local government or local level firm, 2) over liquidity caused by high credit growth, 3) overseas shock like fast increasing black ink balance and FDI. Using local level data form 2000 to 2005, this paper set up an investment function and find out over liquidity, local firm’s excess profits and economic growth are strongly impact to Investment. These empirical results give a meaningful implication for Chinese antioverheating policy. From now on, Beijing government use policy mix which is deal with every tool related on anti-overheating including interest rate policy. However this result suggests that overall tightening monetary policy like credit management on local level loan window and appreciation.

목차

Ⅰ. 서론

Ⅱ. 중국식 경기변동의 특징

Ⅲ. 최근의 과잉투자 현상과 그 원인

Ⅳ. 과잉투자의 원인에 대한 실증분석

Ⅴ. 결론

키워드

경기변동 과잉투자 재정정책 금융정책 투자함수 Business Cycle Overheating Fiscal Policy Monetary Policy Investment Function