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The Ratioof toGDP:
high M2
Thelow of Allocation
EfficiencyCapital
ATheoretical
Explanation
[Abstract】
are methodsthesame toresearchChinese
There
many using path
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Ratio
high M2 GDP:try explainrapid
Chineseto the scholarsbelievethatthe
M2 explainhighM2/GDP.Many
ratioisthereasonofthe incrementofthe is
highsaving rapid M2,which
alsothereasonofthe authordoesntdoubttheseviews
highM2/GDP.The
andthinkthatitisthe truereasonisthelow
superficialphenomenon.The
of allocation.Itisthelow of allocation
efficiencycapital efficiencycapital
lackofthevalid and of
thatleadstothe thecontinuousdistension
capital
the C£LTl7tmakethe oftheGDP.Thearticle
monetarysystem.It increasing
triestoresearchthe thismethod outfromthe
M2/GDP setting
according
ofthe of andthe oftheGDP.
currency increasing
relationshipincreasing
of allocation
The theChinese andthe
paperanalyzes efficiencycapital
formationofthevalid thesametimeit themechanism
capital.
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