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Macau Periodical Index (澳門期刊論文索引)
- Author
- Li, Sheng
- Title
- China's implicit budget deficit
- Journal Name
- 澳門研究
- Pub. Info
- Dec. 2008, No.49, pp. 107-117
- Abstract
- Paragraph Headings: 1. Introduction 2. Estimating China's implicit government expenditure 3. Estimating China's implicit budget deficit 4. Central bank financing vs. state debt financing 5. China's rationality of central bank financing Tables: 1. Government spending (Budget, extra-budget and off-budget) 2. Changes in outstanding loans in the "Big Four" and policy banks 3. China real government budget (Budget, extra-budget, off-budget and policy loans) 4. China real government budget (Budget, extra-budget, policy loans and retained earnings of SOEs) 5. Central-local fiscal relationships 2003 (Official) 6. Central-local fiscal relationships 2003 (Total) 7. Changes in aggregate balance sheet of the state-owned banks after recapitalization 1998 (in billions of RMB) 8. Distribution of financial resources for recapitalisation 9. Financing of AMCs for transferred NPLs from "Big Four" 10. Capital adequacy of the CCB, BOC and ICBC before and after recapitalization (%) 11. NPL rate of going public state-owned banks (%) 12. NPLs in the "Big Four" and policy banks (in billions of RMB) 13. Total NPLs emerged since 1996 (in billions of RMB) 14. Regional income disparity in 2005 Figures: 1. Budget deficit and state as percentage of GDP 2. GDP and fixed investment (SOEs) growth rate 3. Government budget and extra-budget as percentage of GDP 4. Growth rate in savings and lending 5. Fiscal financing of NPLs in AS-AD model 6. Central bank financing of NPLs in AS-AD model 7. Fiscal financing of NPLs in IS-LM-BP model 8. Central bank financing of NPLs in IS-LM-BP model 9. US-China trade deficit and China's foreign exchange reserve 10. Urban/Rural income ratio 11. Urban population as percentage of total population 12. Central bank financing with hysteresis 13. Fiscal financing with hysteresis 14. Growth rate in GDP, M2 and inflation