Based on the three macroeconomic stylized factors, wave phenomenon, imbalance growth in productivity and wage growth rate, this paper constructs a model that determines the structural price level.
Based on a large panel data set, we present the stylized facts of rural taxation in China and propose a general theoretical framework in understanding these facts.
Based on China' s stylized facts behind foreign trade and a brief review of trade theories in new classicalism, Keynesianism, monetarism and intertemporal approach of current account, a theoretical model is built.
This paper conducts an empirical analysis of economic fluctuation from 1952 to 1999 in China, and provides some important stylized facts.
But these so-called "stylized facts " are supposed to predict human behavior; they don 't necessarily pretend to mirror it.
