An Empirical Study of Improved Kalecki Model Using China's Data
Available Online October 2017.
- 10.2991/meici-17.2017.162How to use a DOI?
- FDI; Current account; Deficit; Investment return
This paper uses China's data to do an empirical study to verify the improved Kalecki model which is presented by Xiaojing Zhang. It can be found that he investment return balance will decrease by 0.384189 percent when FDI increases by one percent; and it will increase by 0.314157 percent when IR increases by one percent. Thus, the conclusion of Kalecki Model is not correct as long as the host countries' investment returns overseas are greater than FDI's investment profits and the improved Kalecki model is verified in a way.
- © 2017, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Xiaojing Zhang PY - 2017/10 DA - 2017/10 TI - An Empirical Study of Improved Kalecki Model Using China's Data BT - Proceedings of the 7th International Conference on Management, Education, Information and Control (MEICI 2017) PB - Atlantis Press SP - 815 EP - 820 SN - 1951-6851 UR - https://doi.org/10.2991/meici-17.2017.162 DO - 10.2991/meici-17.2017.162 ID - Zhang2017/10 ER -