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Les obstacles structurels au contrôle macroéconomique en Chine

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  • Wing Thye Woo

Abstract

[fre] L’objectif de la présente étude est d’expliquer pourquoi l’économie chinoise est sujette à des perturbations rapides et considérables de l’équilibre macroéconomique. L’auteur explique, tout d’abord, la situation macroéconomique récente en Chine en privilégiant l’interaction entre les politiques et les caractéristiques structurelles de la Chine. Il examine ensuite le fonctionnement du système financier, puis analyse les conséquences dynamiques de la situation budgétaire précaire. Enfin, il étudie la question du taux de change dans le contexte macroéconomique global. . Classification JEL : E6, O23, O53 [eng] The structural obstacles to macroeconomic control in China . The aim of this paper is to propose an explanation for why the Chinese economy is susceptible to quick large shifts in macroeconomic balance. The author first explains the recent macroeconomic record by focusing on the interaction between China’s policies and structural characteristics. He examines the working of the financial system, and analyses the dynamic implications of the precarious fiscal situation. At last, he discusses the exchange rate issue within the general macroeconomic context. . JEL classification : E6, O23, O53

Suggested Citation

  • Wing Thye Woo, 2004. "Les obstacles structurels au contrôle macroéconomique en Chine," Revue d'Économie Financière, Programme National Persée, vol. 77(4), pages 225-255.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2004_num_77_4_4184
    DOI: 10.3406/ecofi.2004.4184
    Note: DOI:10.3406/ecofi.2004.4184
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    References listed on IDEAS

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    1. Liu, Liang-Yn & Woo, Wing Thye, 1994. "Saving Behaviour under Imperfect Financial Markets and the Current Account Consequences," Economic Journal, Royal Economic Society, vol. 104(424), pages 512-527, May.
    2. Woo, Wing Thye, 2001. "Recent claims of China's economic exceptionalism: Reflections inspired by WTO accession," China Economic Review, Elsevier, vol. 12(2-3), pages 107-136.
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    More about this item

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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