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Chinese Journal of Management Science ›› 2012, Vol. ›› Issue (2): 57-61.

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A Cyclic Growth Model Based on Input-Output Coefficient Matrix

LIU Xin-jian, LU Jing-hui   

  1. School of Economics and Management, Yanshan University, Qinhuangdao 066004, China
  • Received:2011-07-14 Revised:2012-01-20 Online:2012-04-29 Published:2012-04-25

Abstract: On the basis of cyclic growth theory of Richard Goodwin and Andrew Brody, this paper constructs a nonlinear cyclic growth model of an open economy with an input-output coefficient matrix. The periodic frequency spectrums of Chinese economic growth are calculated with a simplified form of that model based on the 42 sector input-output tables of China. The results show that the model is appropriate and robust to China economy’s cycles. The data unveils that Chinese economy performs cyclic motions mainly in about 6 year wave length since 1978 and is extending to about 10 years.

Key words: cyclic growth model, Goodwin model, frequency spectrum, input-output

CLC Number: