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The purpose of this paper is to explore the implications of the deepening presence of multinationals in emerging markets on the cost of macroeconomic volatility there. We find that macroeconomic volatility has a potentially large impact on employment and investment decisions of multinationals...
Persistent link: https://www.econbiz.de/10012469306
"The paper evaluates the effects of privatization in the post-communist economies and China. In post … institutional development. In China relatively more estimates suggest that privatization to domestic owners improves the level of …-communist economies, but foreign joint ventures rather than wholly owned foreign firms have a positive effect in China. Worker or …
Persistent link: https://www.econbiz.de/10003791159
evidence that incentive schemes affect real investment and sheds new light on challenges faced by economic reforms in China …
Persistent link: https://www.econbiz.de/10012938744
The unexpected outbreak of the U.S.-China trade war led to dramatic increases in the import and export tariffs …
Persistent link: https://www.econbiz.de/10012482140
The 2005 split-share reform in China mandated the conversion of nontradable stocks into tradable status. This paper …
Persistent link: https://www.econbiz.de/10012458543
Persistent link: https://www.econbiz.de/10014248983
best, particularly in comparison with that of China. Comparing these countries and reviewing the literature, we conclude … gained from trade, and by some measures, more so than China. We sketch out a theory in which developing countries can grow … continuing reforms, Chinese growth is likely to slow down sharply, perhaps leaving China at a level less than Mexico's real GDP …
Persistent link: https://www.econbiz.de/10012462077
As a bridge between Chinese mainland and international financial markets, the Stock Connect program allows investors on both sides to gain mutual access. By analyzing how cross-border flows respond to macro-related shocks, we show that compared with possibly homemade foreign investors, genuine...
Persistent link: https://www.econbiz.de/10013537785
Persistent link: https://www.econbiz.de/10015055886
Conventional wisdom suggests that small businesses are innovative engines of Schumpetarian growth. However, as small businesses, they are likely to face credit rationing in financial markets. If true then policies that promote lending to small businesses may yield substantial economy-wide...
Persistent link: https://www.econbiz.de/10012458122