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Real estate investment accounts for a quarter of total fixed asset investment (FAI) in China. The real estate sectorâ … estate investment in China—though a low-probability event—would be sizable, with large spillovers to a number of Chinaâ … and the rest of the G20 economies, we find that a 1-percent decline in China’s real estate investment would shave about …
Persistent link: https://www.econbiz.de/10011142057
Over the past decade, China’s growth model has become more reliant on investment and its footprint in global imports … has widened substantially. Several economies within China’s supply chain are increasingly exposed to its investment …-led growth and face growing risks from a deceleration in investment in China. This note quantifies potential global spillovers …
Persistent link: https://www.econbiz.de/10011242248
This Selected Issues paper for Belgium evaluates whether price increases in Belgium are excessive. It assesses the household and bank balance sheets and their vulnerability to a slowdown in housing prices, and identifies differences in real estate markets between Belgium and other countries. The...
Persistent link: https://www.econbiz.de/10005825451
Investment has grown rapidly in China in recent years, reaching more than 40 percent of GDP. Despite good progress on … bank and enterprise reforms, weaknesses remain that could contribute to inefficient investment decisions. Manufacturing …, infrastructure, and real estate have been the drivers of fixed asset investment. Econometric analysis presented in the paper suggests …
Persistent link: https://www.econbiz.de/10005604880
.Given persistently low real interest rates, lack of alternative investment and mortgage-to-GDP trend, rapid property price growth in …
Persistent link: https://www.econbiz.de/10008777035
The recent boom-bust episode in Emerging Europe was largely the product of surges and sudden stops in capital inflows. This paper empirically argues that the sectors into which capital flows determines their impact on GDP growth. Applying data from EU New Member States, it is found that capital...
Persistent link: https://www.econbiz.de/10009019584
This paper quantifies the magnitude and nature of migration flows from the Caribbean and estimates their costs and benefits. The Caribbean countries have lost 10-40 percent of their labor force due to emigration to OECD member countries. The migration rates are particularly striking for the...
Persistent link: https://www.econbiz.de/10005248304
This study seeks to explain economic growth differences in an aggregate production function framework, where labor reallocation from agriculture to modern sectors influences labor efficiency growth. The econometric analysis uses a panel of 65 countries over 1960-90. The results highlight: (a)...
Persistent link: https://www.econbiz.de/10005263726
Using the IMF's Global Economic Model, calibrated to the European Union, the effects of reform in product and labor markets are quantified for both a large and a small euro area economy. When markups in these markets are reduced, there are sizable long-term gains in output and employment. Most...
Persistent link: https://www.econbiz.de/10005264078
originates from a sharply decelerating capital stock accumulation (as investment has dropped steeply) and a rising long …
Persistent link: https://www.econbiz.de/10008561074