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National agenda, politics, and macroeconomic performance: An empirical study of growth, inflation, and employment in China

Yi Feng (School of Politics and Economics, Claremont Graduate University, Claremont, California, USA)

Journal of Chinese Economic and Foreign Trade Studies

ISSN: 1754-4408

Article publication date: 22 June 2010

Abstract

Purpose

The purpose of this paper is to explore the relationship between China's macroeconomic performance and cyclic political events.

Design/methodology/approach

The research is hypothesis‐derived and empirically driven.

Findings

In China, economic growth has been largely consistent under different leaderships, and inflation and unemployment tend to be low during the year in which the Communist Party of China convenes its Congress.

Research limitations/implications

Further multivariate, time‐series analysis is expected.

Practical implications

Periodic adjustments in monetary and fiscal policies will benefit sustainable economic growth and social stability.

Originality/value

This is the first empirical work to explore a systematic relationship between cyclic political changes or events and macroeconomic performance in China.

Keywords

Citation

Feng, Y. (2010), "National agenda, politics, and macroeconomic performance: An empirical study of growth, inflation, and employment in China", Journal of Chinese Economic and Foreign Trade Studies, Vol. 3 No. 2, pp. 97-109. https://doi.org/10.1108/17544401011052258

Publisher

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Emerald Group Publishing Limited

Copyright © 2010, Emerald Group Publishing Limited