Showing 1 - 10 of 39
We present a model for Financial fragility in which banks are risk-averse portfolio managers and there is uncertainty over risk management parameters. There is a danger of heightened risk aversion and projects in small economies are assumed to be riskier than those in large economies. In this...
Persistent link: https://www.econbiz.de/10010820278
We model the interaction between two economies where banks exhibit both adverse selection and moral hazard and bank regulators try to resolve these problems. We find that liberalising bank capital flows between economies reduces total welfare by reducing the average size and efficiency of the...
Persistent link: https://www.econbiz.de/10011146251
China during the reform period. It appears that the patent laws have produced a stock of patents, where the success rates of … which factors would explain innovation in China. We find the main determinants of patents to be R&D expenditure and foreign … laws in China have been associated with innovation that has accompanied economic growth despite imperfections in the legal …
Persistent link: https://www.econbiz.de/10004977872
Social instability is a concept that economists rarely analyse, and yet it can lurk behind much economic policy-making.  China’s leadership has often publicly expressed its concerns to avoid ‘social instability’.  It is viewed as a threat both to the political order and to...
Persistent link: https://www.econbiz.de/10011133081
This is a pioneering study of the determinants of the subjective well-being of ethnic minority people in rural China …
Persistent link: https://www.econbiz.de/10011159002
determinants of subjective well-being.  Less attention has been paid to its normative implications.  Taking China as a case study …
Persistent link: https://www.econbiz.de/10011159009
 because it would imply too high costs for fast growing economies like China.  To quantify these costs we develop a general …
Persistent link: https://www.econbiz.de/10011183195
appropriate data set for China.  The tests favour the early theories.  Implications are drawn. …
Persistent link: https://www.econbiz.de/10011004132
China and the United States.  We construct a firm-level dataset by matching USPTO and SIPO patents to Chinese manufacturing … China are considerably younger, larger and substantially more export-oriented than firms patenting exclusively in China ….  Our study contributes to the debate on China's innovative prowess and its potential to transition from an imitator to an …
Persistent link: https://www.econbiz.de/10011004142
generate a poverty trap.  The setting is rural China, and the data are from a national household survey for 2002, designed with … research hypotheses in mind.  Enrolment is high in rural China by comparison with most poor rural societies, but the quality of …
Persistent link: https://www.econbiz.de/10011004217