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《Collected Essays On Finance and Economics》 2004-06
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On Review of China's Economy Dverheating and Local Governments' Behavior

XIA Jie-chang~1,CAO Hong-hui~2(1.Institute of Finance and Trade Economics of Chinese Academy of Social Sciences,Beijing 100836,China;2.Institute of Finance of CASS,Beijing 1006732,China)  
The paper proposes three criteria of judging economy overheating:Has economic growth surpassed potential growth or not? Has economic growth met constrains of natural resources and environment or not? Has economic development met the pressure of inflation and the risk of increasing non-performing debts?The paper holds that local government has played an important part in this economy overheating. To realize the stable and sustain able development of national economy, the ultimate way to cure economy overheating is to set up institutional innovation and restrain the investment impulse of local governments.
【CateGory Index】: F123
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