An Empirical Study of Chinese Treasury Bonds Scale in the Background of European Debt Crisis
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| Title | An Empirical Study of Chinese Treasury Bonds Scale in the Background of European Debt Crisis |
| Authors | |
| Abstract | This paper examines the relationship between the treasury bonds and economic growth from 1985 to 2009 by means of co-integration and Granger causality test, and the impulse response and variance decomposition are also employed to assess the dynamic effect between treasury bonds and GDP. Our findings show that China´s economic growth resulted in the treasury bonds size, which has a strong effect to bond issuance. However the impact of fiscal policy debt issuance just has weak impact on economic growth. |
| Publisher | World Science Publisher |
| Date | 2012-06-26 |
| Source | 2167-6348 |
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