Beijing’s industrial structure is service-oriented with a high degree of economic openness, and GDP has maintained rapid growth. This paper analyzes the international financial crisis and the impact of China’s anti-crisis policies on Beijing’s economic development as well as its transmission mechanism. Impact Index (excluding seasonal factors) and ARMA Model are employed in the empirical...

Abstract T he relationship between public sector deficits and inflation is one of the important and controversial issues in the academic literature as well as in economic policy field. On the other hand, a major objective of macroeconomic policies is to foster economic growth and to keep inflation on a low level. So keeping the price stability plays an important role in de...

Investment in business inventories has averaged roughly one-half of 1 percent of real GDP in the United States over the post–World War II period. Given its relatively minor role as a component of output, it might seem curious that inventory investment has traditionally drawn a great deal of interest from macroeconomists and policymakers. One reason is that although the level of inventory invest...

FOREWORD The purpose of this paper is to examine the lessons economists have learned about economic growth and development, particularly the lessons from crosscountry comparisons. The paper then asks how these lessons can be applied to regional/state growth and development within the United States. As it turns out, the similarities between countries and regions are many. Definitions of growth, ...

Given the role renewable energy is likely to play in the context of sustainable development, it is important to understand the relationship between renewable energy and economic growth. Therefore, this paper examines the relationship between renewable energy consumption and economic growth in a panel of sub-Saharan Africa countries from 1990-2011. Using a production function framework, the depe...