Showing 1 - 10 of 123
Recurrent large fiscal deficits and accumulating public debt frequently ring alarm bells around the world on the sustainability of U.S. federal fiscal policy. The present-value borrowing constraint, which states that, for the fiscal policy to be sustainable the current debt stock should match...
Persistent link: https://www.econbiz.de/10009363284
The paper examines the temporal relationship between revenues and expenditures for the four southern states during 1980 to 2005. Using an error-correction model and Granger causality test, it finds that the taxspend hypothesis is supported by the analsysis. The spend-tax hypothesis is valid for...
Persistent link: https://www.econbiz.de/10009363317
cointegration, which is more appropriate for estimating small sample studies. The data span for the study is from 1975 to 2006. The …
Persistent link: https://www.econbiz.de/10009363557
This paper explores the linkages between the different stock markets in the Greater China region. Cointegration tests …. The empirical findings indicate spillover effects in both mean and variance between the markets. Both China and Hong Kong … their volatility processes. The later markets also show clear signs of asymmetric volatility effects, while China's market …
Persistent link: https://www.econbiz.de/10009365377
The recent de-emphasizing of the role of money in both theoretical macroeconomics as well as in the practical conduct of monetary policy sits uneasily with the idea that inflation is a monetary phenomenon. Empirical evidence has, however, been accumulating, pointing to an important leading...
Persistent link: https://www.econbiz.de/10009365497
some policy questions that confront China, as a major resource-procuring economy seeking resource security through foreign …
Persistent link: https://www.econbiz.de/10011277980
The paper briefly sets out factors behind Chinese demand for iron ore imports and the main features of China’s medium term resource consumption growth path. It then outlines the potential of major iron ore export countries to meet China’s medium term iron ore import demands. The...
Persistent link: https://www.econbiz.de/10011277983
economy and political power. In the last twenty five years the economy of China, a nation of 1.3 billion, has grown by a … almost half of the world output and more than half world trade, with China accounting for half of that. In 2010, Chinaâ …
Persistent link: https://www.econbiz.de/10011277990
This article analyses the motivation and impact of the 2009 intervention of the China Iron and Steel Association (CISA …
Persistent link: https://www.econbiz.de/10011277995
€™s Republic of China (PRC), one of the important major assembly bases, confirms the existence of international production sharing … study also points out the importance of the People’s Republic of China and Thailand as assembly bases. It concludes that …
Persistent link: https://www.econbiz.de/10011278001