中国的通货紧缩与潜在的经济增长

通常意义上的通货紧缩有“两个特征 ,一个伴随”,即物价持续下降、货币供应量持续下降的同时伴随着经济衰退 ,从 1 997年下半年以来中国经济已经具备通缩的两个特征 ,但对“一个伴随”学界有不同的认识 ,因为中国经济增长率一直处在较高位次的正数区间内。我们认为对“一个伴随”的认识只能把潜在的增长和实际的增长对应起来分析 ,本文在计量的基础上分析了二者的关系 ,从而支持了这一命题的正确性

China's Currency Shrinkage and Her Economic Growth Potential

Currency shrinkage illustrates, in general sense, continual reduction in both pricing and currency supply, which are usually accompanied by an economic depression. Since the second half of 1997, China's economic has presented the essential features of continual reduction in both pricing and currency supply, yet as to the accompanying factor, diversified perceptions have cropped up as China's economic growth rate has been locked on a higher level of the positive number range. We hold that the accompanying factor ought to be analyzed in view of a potential and actual increase. Numerical analysis is made for the relationship study under discussion, thus sustaining the validity of the proposition.