A Sustainable Economic System to Face the Fluctuation of Fruit Prices: Based on a Small-Region DSGE Model
This paper builds a new small-scale and regionalization DSGE model that focuses on the sustainable economic system, which was estimated by the Bayesian estimation method using Chinese annual data from 2004 to 2017 to analyze the effect of the fluctuation of fruit prices in Hainan. We find the fluctu...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2021-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2021/6693709 |
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| _version_ | 1849309224243298304 |
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| author | Hailing Fu Yuantao Fang Yi Qu Yi Pan |
| author_facet | Hailing Fu Yuantao Fang Yi Qu Yi Pan |
| author_sort | Hailing Fu |
| collection | DOAJ |
| description | This paper builds a new small-scale and regionalization DSGE model that focuses on the sustainable economic system, which was estimated by the Bayesian estimation method using Chinese annual data from 2004 to 2017 to analyze the effect of the fluctuation of fruit prices in Hainan. We find the fluctuation of increasing prices has a negative effect on fruit output. This results in a preference to loosen monetary policy to reduce this influence and then results in price inflation, which will lead to the increase in output and prices simultaneously. Based on our findings, we provide suggestions for policy maker such as the optimization of industrial structures and increased investment in the fruit industry, extending the fruit industry chain and establishing a multifruit industry sustainable economic system. |
| format | Article |
| id | doaj-art-1908fc3f2bcc427db6953ab3afef39f7 |
| institution | Kabale University |
| issn | 1026-0226 1607-887X |
| language | English |
| publishDate | 2021-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-1908fc3f2bcc427db6953ab3afef39f72025-08-20T03:54:14ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X2021-01-01202110.1155/2021/66937096693709A Sustainable Economic System to Face the Fluctuation of Fruit Prices: Based on a Small-Region DSGE ModelHailing Fu0Yuantao Fang1Yi Qu2Yi Pan3College of Applied Science and Technology, Hainan University, Haikou, Hainan 570228, ChinaCollege of Finance, Shanghai Lixin University of Accounting and Finance, 995 Shangchuan Road, Shanghai 201209, ChinaNewcastle Business School, Northumbria University, Newcastle Upon Tyne, NE1 8ST, UKCollege of Applied Science and Technology, Hainan University, Haikou, Hainan 570228, ChinaThis paper builds a new small-scale and regionalization DSGE model that focuses on the sustainable economic system, which was estimated by the Bayesian estimation method using Chinese annual data from 2004 to 2017 to analyze the effect of the fluctuation of fruit prices in Hainan. We find the fluctuation of increasing prices has a negative effect on fruit output. This results in a preference to loosen monetary policy to reduce this influence and then results in price inflation, which will lead to the increase in output and prices simultaneously. Based on our findings, we provide suggestions for policy maker such as the optimization of industrial structures and increased investment in the fruit industry, extending the fruit industry chain and establishing a multifruit industry sustainable economic system.http://dx.doi.org/10.1155/2021/6693709 |
| spellingShingle | Hailing Fu Yuantao Fang Yi Qu Yi Pan A Sustainable Economic System to Face the Fluctuation of Fruit Prices: Based on a Small-Region DSGE Model Discrete Dynamics in Nature and Society |
| title | A Sustainable Economic System to Face the Fluctuation of Fruit Prices: Based on a Small-Region DSGE Model |
| title_full | A Sustainable Economic System to Face the Fluctuation of Fruit Prices: Based on a Small-Region DSGE Model |
| title_fullStr | A Sustainable Economic System to Face the Fluctuation of Fruit Prices: Based on a Small-Region DSGE Model |
| title_full_unstemmed | A Sustainable Economic System to Face the Fluctuation of Fruit Prices: Based on a Small-Region DSGE Model |
| title_short | A Sustainable Economic System to Face the Fluctuation of Fruit Prices: Based on a Small-Region DSGE Model |
| title_sort | sustainable economic system to face the fluctuation of fruit prices based on a small region dsge model |
| url | http://dx.doi.org/10.1155/2021/6693709 |
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