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Local government debt and economic growth in China

Wu, Yanrui - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2014

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

Economic growth across space and time: subprovincial evidence from Mainland China

Curran, Declan; Funke, Michael; Wang, Jue - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2007

ƒÒ-convergence and to pinpoint influential factors for economic growth across counties and cities. …

Persistent link: https://www.econbiz.de/10005207088

Why has China Grown So Fast? The Role of Physical and Human Capital Formation

Ding, Sai; Knight, John - Department of Economics, Oxford University - 2008

selection results identify a role for conditional convergence, physical and human capital formation, population growth, degree …

Persistent link: https://www.econbiz.de/10005047864

Price convergence and geographic dimension of market integration: Evidence from China

Ritola, Maria - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2008

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

The Puzzle of Migrant Labour Shortage and Rural Labour Surplus in China

Knight, John; Quheng, Deng; Shi, Li - Department of Economics, Oxford University - 2010

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

Can the Augmented Solow Model Explain China's Economic Growth? A Cross-Country Panel Data Analysis

Knight, John; Ding, Sai - Department of Economics, Oxford University - 2008

particular, physical capital investment, changes in the structure of employment, conditional convergence, and population growth …

Persistent link: https://www.econbiz.de/10005090644

What drives China’s outward FDI? A regional analysis

You, Kefei - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2015

Our study examines home drivers of China’s regional outward FDI. We propose a theoretical framework that incorporates an extended Investment Development Path (IDP) theory, home locational constraints, policy incentives and geographic factors. Empirically, we employ the Bayesian Averaging...

Persistent link: https://www.econbiz.de/10011273262

Economic growth across Chinese provinces: in search of innovation-driven gains

Funke, Michael; Yu, Hao - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2009

In this paper we analyse the impact of R&D on total factor productivity across Chinese provinces. We introduce innovations explicitly into a production function and evaluate their contribution to economic growth in 1993 - 2006. The empirical results highlight the importance and the interaction...

Persistent link: https://www.econbiz.de/10004969818

The emergence and spatial distribution of Chinese seaport cities

Funke, Michael; Yu, Hao - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2010

Seaports have historically played a key role in facilitating trade and growth. This paper is the first attempt in the literature to analyse the formation of Chinese seaport cities and the dynamics that drives it. First, we aim to identify theoretically the emergence of urbanized seaports with...

Persistent link: https://www.econbiz.de/10008466295

Comparing the delegation of monetary and fiscal policy

Wren-Lewis, Simon - Department of Economics, Oxford University - 2011

The apparent success of independent central banks in conducting monetary policy has led many to argue that some form of policy delegation should also be applied to the macroeconomic aspects of fiscal policy. A number of countries have recently established Fiscal Councils, although their role...

Persistent link: https://www.econbiz.de/10008852053