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Regional Decentralization and the Soft Budget Constraint: The Case of China
Qian, Yingyi; Roland, Gérard - C.E.P.R. Discussion Papers - 1994
The majority of enterprises in China are controlled by local governments at the provincial, city, county, township and … lower-level governments of townships and villages in China. …
Persistent link: https://www.econbiz.de/10005124311
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Telecommunications Infrastructure And Economic Development: A Simultaneous Approach
Röller, Lars-Hendrik; Waverman, Leonard - C.E.P.R. Discussion Papers - 2000
This paper investigates how telecommunications infrastructure affects economic growth. This issue is important and has received considerable attention in the popular press concerning the creation of the 'information superhighway' and its potential impacts on the economy. We use evidence from 21...
Persistent link: https://www.econbiz.de/10005123589
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The Agricultural Origins of Time Preference
Galor, Oded; Özak, Ömer - C.E.P.R. Discussion Papers - 2014
This research explores the origins of the distribution of time preference across regions. It advances the hypothesis, and establishes empirically, that geographical variations in natural land productivity and their impact on the return to agricultural investment have had a persistent effect on...
Persistent link: https://www.econbiz.de/10011083828
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The Institutional Foundations of China’s Reforms and Development
Xu, Cheng-Gang - C.E.P.R. Discussion Papers - 2010
China’s economic reforms have resulted in spectacular growth and poverty reduction. However, China’s institutions look … ill-suited to achieve such a result, and they indeed suffer from serious shortcomings. To solve "China puzzle" this paper … analyses China’s institution - a regionally decentralized authoritarian system. The central government has control over …
Persistent link: https://www.econbiz.de/10008468688
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Rebalancing Growth in China: A Three-Handed Approach
Blanchard, Olivier J; Giavazzi, Francesco - C.E.P.R. Discussion Papers - 2006
Our paper is an attempt to define the contours of the right macroeconomic strategy for China. In a nutshell, we believe …
Persistent link: https://www.econbiz.de/10005114183
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Growing like China
Song, Zheng Michael; Storesletten, Kjetil; Zilibotti, … - C.E.P.R. Discussion Papers - 2009
This paper constructs a growth model that is consistent with salient features of the Chinese growth experience since 1992: high output growth, sustained returns on capital investments, extensive reallocation within the manufacturing sector, falling labor share and accumulation of a large foreign...
Persistent link: https://www.econbiz.de/10005123794
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Sharing High Growth Across Generations: Pensions and Demographic Transition in China
Song, Zheng Michael; Storesletten, Kjetil; Wang, Yikai; … - C.E.P.R. Discussion Papers - 2012
Intergenerational inequality and old-age poverty are salient issues in contemporary China. China's aging population …
Persistent link: https://www.econbiz.de/10011083803
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Economic Reforms and Industrial Policy in a Panel of Chinese Cities
Alder, Simon; Shao, Lin; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2013
We estimate the effect on economic development of China's industrial policy, in particular, the establishment of …
Persistent link: https://www.econbiz.de/10011084232
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Efficiency and Equity Effects of Taxing the Financial Sector: Lessons from a CGE Model for Belgium
Chisari, Omar; Estache, Antonio; Nicodème, Gaëtan - C.E.P.R. Discussion Papers - 2013
This paper assesses the effects of applying VAT or a sales tax on (intermediate or final) sales of the financial sector. It uses a CGE Model calibrated for a small open economy. It highlights the differentiated sectoral and redistributional effects of these taxes and shows the importance of the...
Persistent link: https://www.econbiz.de/10011084284
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The Output Decline in Central and Eastern Europe: A Classical Explanation
Bofinger, Peter - C.E.P.R. Discussion Papers - 1993
The paper discusses the strong output decline in the countries of Central and Eastern Europe. It starts from the puzzling observation that the former CSFR, Hungary and Poland experienced a relatively similar decline in output in spite of completely different stabilization and transformation...
Persistent link: https://www.econbiz.de/10005123537