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《Research on the Generalized Virtual Economy》 2018-03
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On the Virtual Economy Making A Contribution to Economic Growth and Measure——To Explain the Contradictions Among China's Growth Rates with a Three-variable Model

MAO Shan-cheng;Huaiyin Institute of Technology;  
China’s economic growth rates have overrun 10% thirty years in row.China’s economy maintains a growth rate of 7% in the middle and high income.China’s economic growth rates were in contradiction to its industry electric power demand growth rates,in 1997,1998,2008,2009,2014 year;The government revenue growth rates are more than GDP growth rates;The local GDP summation exceeds China's GDP several trillion.Those contradictions are explained difficultly by existing models and points of view.We can explain these problems by the virtual economy making a contributions to GDP growth using the three-variable model.Our computing indicates that the virtual economy made an annual contribution rate of 34% to China’s economic growth between 2000 and 2009 year,and kept an annual contribution rate of 30% upwards since 2010 year,and did an annual contribution rate of negative 14.7% between 1991 and 1998.The result has shown that China’s money supply was inadequate between 1991 and 1998.It will be a important problem of macroeconomic analysis whether virtual economy can make a contribution to the economic growth.
【CateGory Index】: F124
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