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Analysis of Zhejiang Business Fluctuations with Dynamic Stochastic General Equilibrium Model

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Innovative Management in Information and Production

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Abstract

Zhejiang has experienced high economic growth as well as wild business cycle fluctuations since reforming and opening. According to the stylized facts, this paper estimates the dynamic stochastic general equilibrium model to summarize the Zhejiang business fluctuations. And we can draw the main conclusions from the quantitative analysis: technology advances and labor changes are the main drivers of Zhejiang business fluctuations, while government consumption and net exports had only ignorable impacts.

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Acknowledgements

This paper is supported by the foundation of Zhejiang Gongshang University and Humanities and Social Sciences Youth Fund of Ministry of Education (10YJC790091).

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Authors and Affiliations

  1. College of Economics, Zhejiang University, Hang Zhou, 310027, China

    Shangfeng Zhang

  2. Institute of Quantitative Economics, Zhejiang Gongshang University, Hang Zhou, 310018, China

    Shangfeng Zhang & Xiaowen Hu

Authors
  1. Shangfeng Zhang
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  2. Xiaowen Hu
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Corresponding author

Correspondence to Shangfeng Zhang .

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Editors and Affiliations

  1. Waseda University, Hibikino, Wakamatsu-ku, Kitakyushu-City 2-7, Fukuoka, 808-0135, Japan

    Junzo Watada

  2. Research Institute of Quantitative Econo, Zhejiang Gongshang University, Jiaogong Road, Hangzhou 149, Zhejiang Province, 310012, China, People's Republic

    Bing Xu

  3. , Dept. of Mathematical Sciences, National Chengchi University, ZhiNan Rd. 64Sec.2, Taipei City, 11605, Taiwan R.O.C.

    Berlin Wu

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Zhang, S., Hu, X. (2014). Analysis of Zhejiang Business Fluctuations with Dynamic Stochastic General Equilibrium Model. In: Watada, J., Xu, B., Wu, B. (eds) Innovative Management in Information and Production. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-4857-0_9

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  • DOI: https://doi.org/10.1007/978-1-4614-4857-0_9

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  • Publisher Name: Springer, New York, NY

  • Print ISBN: 978-1-4614-4856-3

  • Online ISBN: 978-1-4614-4857-0

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