Accession Number:

AD0600885

Title:

THE ECONOMY OF THE CHINESE MAINLAND: NATIONAL INCOME AND ECONOMIC DEVELOPMENT, 1933-1959.

Descriptive Note:

Corporate Author:

RAND CORP SANTA MONICA CALIF

Personal Author(s):

Report Date:

1964-06-01

Pagination or Media Count:

20.0

Abstract:

An alternative view of basic construction and investment in working capital Some Communist investment series can be given a different interpretation from those adopted previously. One possible reinterpretation involves the definition of investment in basic construction. This term as defined in the text includes ancillary expenses and new fixed assets. A possible redefinition includes these two elements plus changes in unfinished construction. A second reinterpretation involves a new estimate of investment in working capital. The estimate in the text is derived from Communist estimates of accumulation and basic construction. Somewhat different results can be obtained by use of the percentage of accumulation accounted for by working capital investment, as given in Communist sources. These two interpretations and their effects on the estimates of total investment and investment in working and fixed capital are discussed. The orginal interpretation and the underlying assumptions are explained first, and then the alternative estimate is derived and compared with the original estimate given in the text. Author

Subject Categories:

Distribution Statement:

APPROVED FOR PUBLIC RELEASE