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The Scope of Generalized Virtual Economy

HUANG Chun-chun1 REN Ruo-en2 ZHENG Hai-tao 2 (1. School of Humanities and Social Sciences, Beihang University, Beijing 100191, China, 2. School of Economics & Management, Beihang University, Beijing 100191, China)  
The interaction between real economy and virtual economy has had major impact on the national welfare. This fact generates new challenge to the existing national accounting system in the aspects of both theory and practice. Because traditional economics, regardless of the theory or calculation, mainly care the actual wealth change brought by spot production and exchange under definite conditions, we need a more proper measure to value the relationship between the generalized virtual economy and the resident welfare. The virtualization of the real economy has the value of managing risk. The materialization of virtual economy has characters of subjective welfare and networks externalities. According to these features we attempt to construct economics theory framework about reckoning the scope of the generalized virtual economy.
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