Showing 1 - 10 of 17
China’s local government debt (LGD) has recently become the focus of economic policy debates. However, information about LGD and its impact on economic growth in the Chinese economy is scarce. This paper attempts to present an empirical investigation of the impact of China’s LGD on economic...
Persistent link: https://www.econbiz.de/10011098218
ƒÒ-convergence and to pinpoint influential factors for economic growth across counties and cities. …
Persistent link: https://www.econbiz.de/10005207088
This paper investigates the relationship between fiscal policy and output volatility in Russian regions between 2000 and 2009. System GMM estimation techniques are used to account for potential endogeneity between output volatility and fiscal developments. Our main finding is that fiscal...
Persistent link: https://www.econbiz.de/10010818551
During the Soviet period industrial firms not only formed the backbone of the economy but also directly provided a wide range of benefits to their municipalities. Firms were in charge of supplying a great variety of social services, such as housing, medical care and day care. The need to divest...
Persistent link: https://www.econbiz.de/10005419599
selection results identify a role for conditional convergence, physical and human capital formation, population growth, degree …
Persistent link: https://www.econbiz.de/10005047864
This empirical note uses publicly available Goskomstat data to investigate income growth and convergence across Russian … regions. Using data for 1992-2001, we find strong sigma divergence simultaneously with beta convergence. he results indicate …
Persistent link: https://www.econbiz.de/10005190662
other studies on the same topic. The models tested are grounded in the law of one price. Price convergence is analysed with … univariate time series methods, where linear and non-linear cointegration models refer to convergence in the short run and in the …-linear trend variable in the model indicates whether there is movement towards integration in the long run. Convergence of prices …
Persistent link: https://www.econbiz.de/10005648612
particular, physical capital investment, changes in the structure of employment, conditional convergence, and population growth …
Persistent link: https://www.econbiz.de/10005090644
This paper investigates the equilibrium exchange rates of three Southeastern European countries (Bulgaria, Croatia and Romania), of two CIS economies (Russia and Ukraine) and of Turkey. A systematic approach in terms of different time horizons at which the equilibrium exchange rate is assessed...
Persistent link: https://www.econbiz.de/10005648611
The paper examines the contentious issue of the extent of surplus labour that remains in China.  China was an extreme example of a surplus labour economy, but the rapid economic growth during the period of economic reform requires a reassessment of whether the second stage of the Lewis model...
Persistent link: https://www.econbiz.de/10008465496