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Lucas (1976) argued that interventionist policies in macroeconomics may fail because the policies themselves affect the optimal behavior of private agents and hence the associated response parameters. We extend Lucas's argument and propose that a highly controlled and regulated environment leads...
Persistent link: https://www.econbiz.de/10009365515
This paper presents a coherent and systematic analysis of the collapse and subsequent revival of the Central Asian Republics (CARs) since 1990. The focus is on the pattern of growth and structural change during the cycle of decline and subsequent revival in the CARs which have been inadequately...
Persistent link: https://www.econbiz.de/10009363926
The rise of China is a major episode in world economic history. From the late 1970s, China pursued market …-oriented reforms and open policy. During the past two decades, China experienced extraordinary growth. Since 1978, GDP growth rates … (South Korea, Singapore and Hong Kong and Taiwan province of China) in their fast growing period. In a short span of time …
Persistent link: https://www.econbiz.de/10009363966
attention and policy concern. In pursuit of such concerns, the government has worked out an approach to the Eleventh Five Year …
Persistent link: https://www.econbiz.de/10009365489
A widely agreed proposition in modern economics is that policy rules have greater advantage over discretion in improving economic performance. Simple monetary policy instrument rules are feasible options for developing countries lacking the pre-requisites for more sophisticated targeting rules....
Persistent link: https://www.econbiz.de/10009365462
. Recent findings also indicate that imbalances between the People’s Republic of China (PRC) and the United States are a …
Persistent link: https://www.econbiz.de/10011278129
) government bonds, the People’s Republic of China (PRC) needs a currency with international status that can match its economic …
Persistent link: https://www.econbiz.de/10011278134
), the People’s Republic of China (PRC), and India (collectively, ACI) over the next two decades. By 2030, they could …
Persistent link: https://www.econbiz.de/10011278142
. However, Taipei,China is different from other East Asia economies in several aspects. First, Taipei,China’s industrial … Japanese Kabushiki-gaish. Second, Taipei,China has experienced extraordinary “hollowing-out†of its industrial base as many … firms (both large and SMEs) have moved their manufacturing operation to People’s Republic of China (PRC). This is also …
Persistent link: https://www.econbiz.de/10009651648
This paper explores the impacts of exchange rate on trade between Japan and China, with special attention to … most industries, while Chinese economic growth significantly affects Japans export to China. For electrical machinery …
Persistent link: https://www.econbiz.de/10009363907