eprintid: 14279 rev_number: 6 eprint_status: archive userid: 5 dir: disk0/00/01/42/79 datestamp: 2017-01-19 15:03:37 lastmod: 2021-08-27 17:41:47 status_changed: 2017-01-19 15:03:37 type: book_section metadata_visibility: show item_issues_count: 1 creators_name: Sun, L. creators_id: 1681 title: Introduction (Aggregate Behaviour of Investment in China, 1953–96) ispublished: pub divisions: prog_luc abstract: China has maintained fairly high capital accumulation levels and aggregate investment ratios,1 which contribute to its impressive economic growth. At the same time, state-sector fixed investment, which constitutes the main share of gross fixed investment,2 has shown conspicuous cyclical patterns in its annual growth rate since 1953, when a consistent and reliable accounting system for the state sector came into operation. The relevant amplitudes are impressive in comparison with those of other socialist countries, such as the former Soviet Union and Eastern Europe.3 An interesting question arises: which mechanisms produce such persistent high investment ratios and what forces shape the remarkable cyclical patterns of these investment growth rates? The basic purpose of this study is to reveal the nature of these fundamental mechanisms and determinant forces and the way together they generate chronic investment hunger and shape the pronounced investment cycles. date: 2001 date_type: published publisher: Palgrave Macmillan id_number: 10.1057/9780230513884_1 creators_browse_id: 302 full_text_status: none series: Institute of Social Studies, The Hague place_of_pub: UK pagerange: 1-28 refereed: TRUE isbn: 978-0-230-51388-4 book_title: Aggregate Behaviour of Investment in China, 1953–96 coversheets_dirty: FALSE fp7_type: info:eu-repo/semantics/bookPart citation: Sun, L. (2001). Introduction (Aggregate Behaviour of Investment in China, 1953–96). In: Aggregate Behaviour of Investment in China, 1953–96. pp. 1-28 UK: Palgrave Macmillan. ISBN 978-0-230-51388-4 10.1057/9780230513884_1 .