Effective Demand Deficiency During China's Transition Period and Its Governance Research

Author: Liu Shibai
Publisher:
Publish Date: 2004-01-01
Features: The book "Research on Insufficient Effective Demand and Its Governance During China's Transition Period" is authored by Professor Liu Shibai, a renowned economist from the Southwestern University of Finance and Economics. Applying the basic theory of reproduction in Marxist economics and combining with the trends of total supply and demand changes in the contemporary market economy, the book conducts systematic theoretical analysis and empirical research on the new situation of insufficient effective demand and economic surplus operation that arises from the transformation of systems and mechanisms during China's transition from a planned economy to a market economy. The book introduces the concept of "economic surplus operation" and points out that insufficient effective demand and economic surplus operation are inevitable phenomena under the changing institutional conditions during the deepening of reform. Through theoretical analysis of the nature and causes of insufficient effective demand during the transition period, the book examines macroeconomic policies for governing economic surplus operation and their implementation effects, proposing policy recommendations to strengthen macroeconomic regulation and promote endogenous economic growth.