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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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Urban land use
Duranton, Gilles; Puga, Diego - C.E.P.R. Discussion Papers - 2014
We provide an integrated treatment of the theoretical literature on urban land use inspired by the monocentric model, including extensions that deal with multiple endogenous business centres, various dimensions of heterogeneity, and durable housing. After presenting the theory and distilling its...
Persistent link: https://www.econbiz.de/10011096093
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The Costs of Agglomeration: Land Prices in French Cities
Combes, Pierre-Philippe; Duranton, Gilles; Gobillon, Laurent - C.E.P.R. Discussion Papers - 2012
We develop a new methodology to estimate the elasticity of urban costs with respect to city population using French land price data. Our preferred estimate, which handles a number of estimation concerns, stands at 0.041. Our approach also yields a number of intermediate outputs of independent...
Persistent link: https://www.econbiz.de/10011083617
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The growth of cities
Duranton, Gilles; Puga, Diego - C.E.P.R. Discussion Papers - 2013
Why do cities grow in population, surface area, and income per person? Which cities grow faster and why? To these questions, the urban growth literature has offered a variety of answers. Within an integrated framework, this chapter reviews key theories with implications for urban growth. It then...
Persistent link: https://www.econbiz.de/10011084574
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Decomposing the Growth in Residential Land in the United States
Overman, Henry G; Puga, Diego; Turner, Matthew A - C.E.P.R. Discussion Papers - 2007
This paper decomposes the growth in land occupied by residences in the United States to give the relative contributions of changing demographics versus increases in the land area used by individual households. Between 1976 and 1992 the amount of residential land in the United States grew 47.5%...
Persistent link: https://www.econbiz.de/10005661656
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Weak Governments and Trade Agreements
Arcand, Jean-Louis; Olarreaga, Marcelo; Zoratto, Laura - C.E.P.R. Discussion Papers - 2011
gains, such as credibility, as a rationale for trade agreements. The empirical literature, however, has lagged behind in the … credibility gains play a role in increasing the probability of two countries signing an agreement. Moreover, agreements with a …
Persistent link: https://www.econbiz.de/10009320405
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Four Essays and a Funeral: Budgetary Arithmetic under the Maastricht Treaty
Hughes Hallett, Andrew; McAdam, Peter - C.E.P.R. Discussion Papers - 1996
creating gains in credibility; (b) there being perceptible risk of a bail out for the highly indebted countries; (c) budgets …
Persistent link: https://www.econbiz.de/10005662162
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Black Man’s Burden: Measured Philanthropy in the British Empire, 1880-1913
Accominotti, Olivier; Flandreau, Marc; Rezzik, Riad; … - C.E.P.R. Discussion Papers - 2008
Ferguson and Schularick (2006) recently provided a measure of the effect of Empire subjection on borrowing countries’ interest rates. They find this effect to be large and significant, ranging between 80 to 180 basis points. We argue that their methodology is inadequate and that their...
Persistent link: https://www.econbiz.de/10005666472
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The Science of Monetary Policy: A New Keynesian Perspective
Clarida, Richard; Galí, Jordi; Gertler, Mark - C.E.P.R. Discussion Papers - 1999
This paper reviews the recent literature on monetary policy rules. We exposit the monetary policy design problem within a simple baseline theoretical framework. We then consider the implications of adding various real world complications. Among other things, we show that the optimal policy...
Persistent link: https://www.econbiz.de/10005666476