José R Sánchez-fung University of Nottingham, Ningbo, China   ,   joser.sanchez-fung@nottingham.edu.cn             JEL Areas: E2 : Macroeconomics: Consumption, Saving, Production, Employment, and Investment: General (includes Measurement and Data) E6 : Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General