Similar Search Results

The Chinese Corporate Savings Puzzle : A Firm-level Cross-country Perspective

Bayoumi, Tamim - 2010

China's high corporate savings rate is commonly claimed to be a key driver for the country's large current account …

Persistent link: https://www.econbiz.de/10012462224

The Economics of China : Successes and Challenges

Fan, Shenggen - 2013

This paper is the first chapter in the Oxford Companion to the Economics of China (Oxford University Press, forthcoming …). Rather than trying to summarize other contributors' views, we provide our own perspectives on the Economics of China …--the past experience and the future prospects. Our reading of China's economic development over the past 35 years raises two …

Persistent link: https://www.econbiz.de/10012459015

Real Effects of the Subprime Mortgage Crisis : Is it a Demand or a Finance Shock?

Tong, Hui - 2008

reducing consumer confidence and consumer demand? Is there also a supply-side channel through a tightened liquidity constraint … consumer confidence, based on its response to the 9/11 shock in 2001. We then construct a separate firm-level index on … important than reduced consumer confidence or spending in explaining cross-firm differences in stock price declines …

Persistent link: https://www.econbiz.de/10012464442

Does Insider Trading Raise Market Volatility?

Du, Julan - 2003

This paper studies the role of insider trading in explaining cross-country differences in stock market volatility. It introduces a new measure of insider trading. The central finding is that countries with more prevalent insider trading have more volatile stock markets, even after one controls...

Persistent link: https://www.econbiz.de/10012469159

Outsourcing Tariff Evasion : A New Explanation for Entrepot Trade

Fisman, Raymond - 2007

that entrepots may facilitate tariff evasion. Using data on direct exports to mainland China and indirect exports via Hong …

Persistent link: https://www.econbiz.de/10012465839

Does a Leapfrogging Growth Strategy Raise Growth Rate? Some International Evidence

Wang, Zhi - 2010

While openness to trade is a well-recognized hallmark of many successful emerging market economies known as "growth miracles," another component of the growth model is a leapfrogging strategy - the use of policies to guide the industrial structural transformation ahead of a country's factor...

Persistent link: https://www.econbiz.de/10012462266

Characterizing Global Value Chains : Production Length and Upstreamness

Wang, Zhi - 2017

We develop a new set of country-sector level indicators of Global Value Chains (GVCs) characteristics in terms of average production length, and relative "upstreamness" on a production network, which we argue are better than the existing ones in the literature. We distinguish production...

Persistent link: https://www.econbiz.de/10012455420

Global Value Chains and Effective Exchange Rates at the Country-Sector Level

Patel, Nikhil - 2014

The real effective exchange rate (REER) is one of the most cited statistical constructs in international macroeconomics. With the rising importance of offshoring and outsourcing, the standard measures are increasingly flawed. In addition, because different sectors within a country may...

Persistent link: https://www.econbiz.de/10012458430

Quantifying International Production Sharing at the Bilateral and Sector Levels

Wang, Zhi - 2013

This paper generalizes the gross exports accounting framework, initially proposed by Koopman, Wang, and Wei (2014) for a country's aggregate exports, to one at the sector, bilateral, and bilateral-sector levels. Such a generalization requires a conceptual distinction between value added exports...

Persistent link: https://www.econbiz.de/10012458986

Roads and the Real Exchange Rate

Du, Qingyuan - 2013

This paper studies the effect of transport infrastructure on the real exchange rate (RER) and reaches two relatively strong conclusions. First, while the list of robust determinants of the RER is not long, transport infrastructure belongs to that list. Many other potential determinants proposed...

Persistent link: https://www.econbiz.de/10012459370