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We apply a new approach to a new panel data set on bilateral=20 gross cross-border equity flows between 14 countries, 1989- 96. The model=20 integrates elements of the finance literature on portfolio composition and= =20 the international macroeconomics and asset trade literature. Gross asset=20...
Persistent link: https://www.econbiz.de/10005062692
Inward FDI in developing Mediterranean countries is supposedly expected to soar as a result of the Euro-Mediterranean Partnership (EURO-MED) between the European Union and twelve Southern and Eastern Mediterranean countries that emerged from the 1995 Barcelona Conference. This is especially true...
Persistent link: https://www.econbiz.de/10005119259
Evidence on international capital flows suggests that foreign direct investment (FDI) is less volatile than other financial flows. To explain this finding, I model international capital flows under the assumptions of imperfect enforcement of financial contracts and inalienability of FDI....
Persistent link: https://www.econbiz.de/10005119449
mainly to fast increase of inputs. Young (2000) also estimated the TFP growth rate of China to be 1.4% per year during the … the non-agricultural economy (of China) during the reform period is respectable, but not outstanding.' China's real GDP … real GDP, capital stock, and labor force for 30 provinces for 1978 to 1998 to estimate the TFP for the Chinese economy. Two …
Persistent link: https://www.econbiz.de/10005062403
Just when China’s leaders receive conflicting signals of “overheating” and “below-potential growth”, they encounter … challenges have their roots in China’s inadequate marketization and continued discrimination against the domestic private sector … themselves into nonperforming loans. In partially-reformed China, public-directed investments via the state enterprises tend to …
Persistent link: https://www.econbiz.de/10005062405
the extent and trend of poverty in China, India, and the rest of the developing world, world poverty may or may not have …We evaluate the claim that world consumption poverty has fallen during the 1990s in light of alternative assumptions … about the extent of initial poverty and the rate of subsequent poverty reduction in China, India, and the rest of the …
Persistent link: https://www.econbiz.de/10005062424
economic outcomes in China. In this article, we construct a set of (rural, urban, total) provincial- level spatial price … provide illustrations of the significant effect of ignoring spatial price differences in the analysis of China’s economy. …
Persistent link: https://www.econbiz.de/10005413246
productivity growth in Chinese provinces during the 1990’s. Results for both methods indicate high productivity growth in the mid …
Persistent link: https://www.econbiz.de/10005118911
. By this strategy, the country generally accumulates current account surpluses, which implies a possibility that China …
Persistent link: https://www.econbiz.de/10005062616
accelerated, the “Chinese” effect becomes highly significant. Assessing the impact country by country, China’s inward FDI appears …We analyze empirically whether the emergence of China as a large recipient of FDI has affected the amount of FDI … find a substitution from Latin American inward FDI to China, when other relevant factors are taken into account. However …
Persistent link: https://www.econbiz.de/10005062690