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China is transforming itself and the world. This article highlights some of the critical issues facing China, which are discussed in detail by leading scholars in the area in this collection of surveys on the Chinese economy.
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The paper critically reviews the literature on the econometric issues raised by the use of generated regressors (GR) in empirical models. The economic rationale for the use of GR is considered, with examples being drawn from several macroeconomic examples, including New Classical Macroeconomic...
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