The equilibrium analyses under the classical growth framework mainly concern production processes so far and the utility-maximization of consumers is left out of consideration. On the basis of the thoughts of the equilibrium analyses under the classical growth framework, some numerical examples...

Since 1978, Chinese economy has gone through a continuous and rapid growth of more than 30 years, playing an increasingly important role in global economy. Now Chinese economy has reached a transformation period and confronts major opportunities as well as challenges. Opening with China's...