An Empirical Analysis on China's Economic Coordination and Deflator Coordination during 1953-1978 and 1979-2005

摘要

This article does an empirical analysis on China's economic coordination and deflator coordination during 1953-1978 and 1979-2005. Firstly, we have introduced the concepts of the coordination theory and coordination coefficient. Secondly, we have defined the models of economic coordination coefficient and deflator coordination coefficient for seven main industries and the urban consumer price index and the overall retail price index. Finally, the empirical analysis has found that in averagely when the growth rate of gdp was greater than 7% and less than 11.28% during 1953-1978 or when the growth rate of gdp was greater than 7% and less than 10.61% during 1979-2005, not only did the China's aggregate economy can possess a continuously and moderately higher level of growth rate, but also the China's aggregate economy could possess a lower level of deflator. Our research suggests that for maintaining China's aggregate economy to keep on developing continually and moderately at a higher level of growth rate and a lower level of deflator, the growth rate of gdp should be greater than 7% and less than 10.61%.