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This paper uses provincial time series data from China to empirically investigate two propositions relating to economic … have increased the rate of convergence in per capita incomes across China’s provinces. However, the pattern of FDI, which …
Persistent link: https://www.econbiz.de/10014399962
This paper finds convergence of real per capita GDP in Mexico’s states and regions during the period of higher average national per capita growth (1970-85), and divergence during the lower-growth period (1985-93). These results hold across states and regions and within regions. The poorest...
Persistent link: https://www.econbiz.de/10014395893
Studying a large number of banks in various countries between 1999 and 2006, we document that foreign banks perform better when from a high income country, when host country competition is limited, and when they are large and rely more on deposits for funding. Foreign banks'' performance...
Persistent link: https://www.econbiz.de/10014402561
China''s rapid overall growth since 1978 masks significant differences in relative economic performance across its …
Persistent link: https://www.econbiz.de/10014403618
We contrast how monetary policy affects intangible relative to tangible investment. We document that the stock prices of firms with more intangible assets react less to monetary policy shocks, as identified from Fed Funds futures movements around FOMC announcements. Consistent with the stock...
Persistent link: https://www.econbiz.de/10012300640
Persistent link: https://www.econbiz.de/10010389478
estimates potential growth for China, India, and five ASEAN countries (Indonesia, Malaysia, the Philippines, Thailand, and … Vietnam) during 1993–2013. The main findings include: (i) both China and India have recently exhibited a slowdown in potential …;(iii) over the longer term, demographic factors will be much more supportive in India and some ASEAN economies than in China …
Persistent link: https://www.econbiz.de/10014394381
We present a stylized real model of the Chinese economy with the objective of explaining two features: (1) domestic production is highly competitive in the sense that an accumulation of capital that raises the marginal product of labor elicits increases in employment and output rather than only...
Persistent link: https://www.econbiz.de/10014401525
considered. As China is a clear example of this pattern, it has been selected to promote understanding of the process …
Persistent link: https://www.econbiz.de/10014395770
, loosely based upon China. We calibrate a benchmark equilibrium, and carry out various counterfactual simulations to analyze …
Persistent link: https://www.econbiz.de/10014401067