Zhao, Min; Hsu, Minchung - In: China Economic Review 23 (2012) 4, pp. 918-927
This paper provides a fundamental study of China's consumption and output fluctuations. The most recent literature … reports that, in the post-1978 period, detrended consumption is significantly more volatile than detrended output in China … consumption. This paper is the first to estimate consumer durables for China and their service values following the method …