this basis, shows the current plight of the Chinese economy is heavily reliant on the root cause of the investment. Since … the economic disconnection between theory and reality is rooted in not distinguish the difference between real investment … demand and monetary investment demand. There is the savings glut, from the real economy,this is the main cause for the …

takes the form of Cobb-Douglas. With an augmented Ramsey model，however，we prove in this paper that，when investment has …

' debt ratio and the relation-specific investment of their customers. We also find that the debt ratio increases with the …

' debt ratio and the relation-specific investment of their suppliers. We also find that the debt ratio increases with the …