Ren Ruo-en
Abstract
China's M2/GDP shows an upward trend in the sample period of 1978～2002, which is relatively high compared to other countries. The high ratio is thought to be mainly due to the rising multiplier of m2, rising ratio of quasi-money/GDP, monetarization, undeveloped financial market and inefficient investment system.
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China's M2/GDP shows an upward trend in the sample period of 1978～2002, which is relatively high compared to other countries. The high ratio is thought to be mainly due to the rising multiplier of m2, rising ratio of quasi-money/GDP, monetarization, undeveloped financial market and inefficient investment system.
Key concepts: Economics, China, GDP deflator, Real gross domestic product, Gross private domestic investment, Monetary economics, Investment (military), Sample (material)