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Error correction models of the demand for a range of monetary aggregates in China are estimated with quarterly data for … indirect evidence against the existence of substantial repressed inflation in China during the sample period. This is a working …
Persistent link: https://www.econbiz.de/10014396177
This paper examines the relationship between macroeconomic stabilization and market-oriented reform in planned economies. It emphasizes that market-oriented reform should enhance the likelihood that adjustment to exogenous disturbances will involve genuine adjustment in the sense of actually...
Persistent link: https://www.econbiz.de/10014396471
Market-oriented economic reforms in centrally planned economies have altered the functions and objectives of key policy instruments, particularly in the case of fiscal policy. As a result of reform, economic management requires the use of “indirect” levers to regulate the behavior of...
Persistent link: https://www.econbiz.de/10014396291
This paper describes economic developments in the People’s Republic of China during 1996–97. In 1996, the authorities …
Persistent link: https://www.econbiz.de/10014397253
to be put in place following the transfer of sovereignty over Hong Kong to China in 1997. International treaties between … Britain and China from the nineteenth century are reviewed. The paper discusses Hong Kong’s current and future constitutional … the system of government in Hong Kong in 1997 …
Persistent link: https://www.econbiz.de/10014397256
This paper reviews macroeconomic developments in China in 1994 and 1995, in particular the progress achieved during …
Persistent link: https://www.econbiz.de/10014397264
The Chinese government’s macroeconomic policy response to the crisis has delivered positive results, and mitigated the …, liberalizing the financial system, building out China’s social safety net, and capitalizing on urbanization, among others …
Persistent link: https://www.econbiz.de/10014403039
The Asian crisis hit the Hong Kong Special Administrative Region (SAR) economy hard in 1998, despite its generally strong fundamentals. In response to the crisis, the authorities eased fiscal policy—within the framework of a medium plan to restore budget balance, and significantly strengthened...
Persistent link: https://www.econbiz.de/10014403486
In this study, quantitative, industry-level measures of the intensity of competition are measured. Various methodologies and data used for measuring competition are also discussed. The level of intensity is also compared. The following statistical data are also presented in detail: gross fixed...
Persistent link: https://www.econbiz.de/10014403732
balance sheet, wages, labor productivity, public expenditure by function, revenue, government expenditure under the general …
Persistent link: https://www.econbiz.de/10014397393