论文中国的固定资产投资与经济增长外文翻译.docVIP

中国的固定资产投资与经济增长外文翻译 Fixed Investment and Economic Growth in China Andyc. C. Kwan,Yangruwu,Junxi Zhang Economics of Planning.199932:67?79 1999 Kluwer Academic Publishers. Printed in the Netherlands. Abstract This paper attempts to investigate empirically the investment-growth relationship in China.Using the exogeneity framework pioneered by Engle et al. 1983 and Engle and Hendry 1993, we find that fixed investment is a key determinant of China’s economic growth, which, surprisingly, has not been rigorously examined in the literature. The super exogeneity test results suggest that there exi