Showing 1 - 10 of 126
People’s Republic of China (PRC) is now on a faster track in adopting international standards. However, the key issue for …
Persistent link: https://www.econbiz.de/10009652192
People’s Republic of China (PRC) is now on a faster track in adopting international standards. However, the key issue for …
Persistent link: https://www.econbiz.de/10009652205
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
€™s Republic of China (PRC). In particular, we investigate to what extent reforms pertaining to the financial sector, social …
Persistent link: https://www.econbiz.de/10011278043
€™s Republic of China (PRC). In particular, we investigate to what extent reforms pertaining to the financial sector, social …
Persistent link: https://www.econbiz.de/10011278138
This paper looks at the issue of reforming financial regulatory structures from the New Institutional Economics perspective. In particular, it examines how the broader institutional environment prevailing in developing countries like the Philippines may affect the institutional arrangements for...
Persistent link: https://www.econbiz.de/10009363800