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- W2351799499 abstract "Up to now there exists a rather severe barrier against institutionalized exit in China. When aggregate demand drops, low efficient business firms cannot exit from the market in time, making the profitability of market fail to regain. This is responsible for the formation of micro basis for China's deflation. In these circumstances, guided investment and spontaneous investment by non-governmental sector are constrained. This reveals that it cannot be sustainable to rely completely upon Keynesian Macro-Economic Policy while ignoring micro-basis for deflation. On the condition of appropriately increasing the aggregate demand, it is a choice of suiting them both to regain the profitability of market through automatic exit of low efficient business firms." @default.
- W2351799499 created "2016-06-24" @default.
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- W2351799499 date "2000-01-01" @default.
- W2351799499 modified "2023-09-23" @default.
- W2351799499 title "Validity of Macroeconomic Policy in the Barrier of Institutionalized Exit" @default.
- W2351799499 hasPublicationYear "2000" @default.
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