TY  - BOOK
AU  - Xiaojin Zhang
AU  - Shiying Liu
PY  - 2025
CY  - New York, United States of America
PB  - Peter Lang Verlag
SN  - 9783034357692
TI  - Stable and Sustainable Growth of a Large Open Economy
T2  - An Empirical Study of China
DO  - 10.3726/b22765
UR  - https://www.peterlang.com/document/1552879
N2  - This book analyzes the basic theories of new open economy macroeconomics, economic growth and policy choices in openness. It discusses the economic distortions in international capital flows and the mechanism through which shocks are amplified to affect macroeconomic stability, and the international correlation of China’s economic cycle. In addition, it highlights the macroeconomic impact of government expenditure on improving people’s well-being and the essential role of public goods and services provision. Finally, it investigates optimal wealth distribution and the corresponding social welfare function, offering valuable theoretical and practical contributions to the study of openness and macroeconomic stability.
KW  - Zhang Xiaojing, Stable and Sustainable Growth of a Large Open Economy, Optimal Wealth Distribution, Open Economy, Macroeconomics, Economic Distortions, Government Social Expenditures, International Financial Crisis, Cross-Border Financial Flows, Financial Stability, External Shocks, Real Estate Cycle
LA  - English
ER  -