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Worker Mobility in a Global Labor Market: Evidence from the United Arab Emirates
Nyarko, Yaw; Naidu, Suresh; Wang, Shing-Yi - National Bureau of Economic Research (NBER) - 2014
In 2011, a reform in the United Arab Emirates allowed any employer to renew a migrant's visa upon contract expiration without written permission from the initial employer. We find that the reform increased incumbent migrants' earnings and firm retention of these workers. This occurs despite an...
Persistent link: https://www.econbiz.de/10010890112
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Asiaphoria Meets Regression to the Mean
Pritchett, Lant; Summers, Lawrence H. - National Bureau of Economic Research (NBER) - 2014
substantially shift towards Asia and especially towards the Asian Giants, China and India. While such forecasts may pan out, there … are substantial reasons that China and India may grow much less rapidly than is currently anticipated. Most importantly … discontinuities account for a large fraction of the variation in growth rates. We suggest that salient characteristics of China …
Persistent link: https://www.econbiz.de/10010950844
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The Role Of Intangible Capital in the Transformation and Growth of the Chinese Economy
Hulten, Charles R.; Hao, Janet X. - National Bureau of Economic Research (NBER) - 2012
. This evidence suggests that intangible capital formation may play an important role in China's reform-driven transformation … no general assessment of its role in China's rapid economic growth. This paper seeks to fill this gap by estimating how … China's recent growth is then assessed using a growth accounting framework, and the results compared to similar findings for …
Persistent link: https://www.econbiz.de/10010950989
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Corporate Cash Holding in Asia
Horioka, Charles Yuji; Hagiwara, Akiko Terada- - National Bureau of Economic Research (NBER) - 2013
In this paper, we analyze the determinants of corporate saving in the form of changes in the stock of cash for 11 Asian economies using firm-level data from the Oriana Database for the 2002-2011 period. We find some evidence that cash flow has a positive impact on the change in the stock of...
Persistent link: https://www.econbiz.de/10010951047
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Defying Gravity: How Long Will Japanese Government Bond Prices Remain High?
Hoshi, Takeo; Ito, Takatoshi - National Bureau of Economic Research (NBER) - 2012
Recent academic papers have shown that the Japanese sovereign debt situation is not sustainable. The puzzle is that the bond rate has remained low and stable. Some suggest that the low yield can be explained by domestic residents' willingness to hold Japanese government bonds (JGBs) despite its...
Persistent link: https://www.econbiz.de/10010951172
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Why Has Japan's Massive Government Debt Not Wreaked Havoc (Yet)?
Horioka, Charles Yuji; Hagiwara, Akiko Terada-; Nomoto, … - National Bureau of Economic Research (NBER) - 2013
In this paper, we present data on trends over time in government debt financing in Japan since 2010 with emphasis on the importance of foreign holders and speculate about the determinants of those trends. We find that Japanese government securities were held primarily by domestic holders until...
Persistent link: https://www.econbiz.de/10010951434
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The Power of the Street: Evidence from Egypt's Arab Spring
Acemoglu, Daron; Hassan, Tarek A.; Tahoun, Ahmed - National Bureau of Economic Research (NBER) - 2014
During Egypt's Arab Spring, unprecedented popular mobilization and protests brought down Hosni Mubarak's government and ushered in an era of competition between three groups: elites associated with Mubarak's National Democratic Party (NDP), the military, and the Islamist Muslim Brotherhood....
Persistent link: https://www.econbiz.de/10010960442
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China's Post Accession WTO Stance
Whalley, John; Mallon, Glenda - National Bureau of Economic Research (NBER) - 2004
We discuss China's stance in the WTO post-accession, noting the many issues with implementation of China's accession … terms by 2007. We evaluate how much benefit China can realistically receive from WTO membership given current problems with … dumping actions against China and trade restrictions against textile and apparel exports. We discuss emerging WTO and non …
Persistent link: https://www.econbiz.de/10005248655
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How Much of Chinese Exports is Really Made In China? Assessing Domestic Value-Added When Processing Trade is Pervasive
Wei, Shang-Jin; Koopman, Robert; Wang, Zhi - National Bureau of Economic Research (NBER) - 2008
The rise of China in world trade has brought both benefits and anxiety to other economies. For many policy questions …. By our estimation, the share of domestic content in exports by the PRC was about 50% before China's WTO membership, and …
Persistent link: https://www.econbiz.de/10005248656
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The Return to Capital in China
Bai, Chong-En; Hsieh, Chang-Tai; Qian, Yingyi - National Bureau of Economic Research (NBER) - 2006
China's investment rate is one of the highest in the world, which naturally leads one to suspect that the return to … capital in China must be quite low. Using the data from China's national accounts, we estimate the rate of return to capital … in China. We find that the aggregate rate of return to capital averaged 25% during 1978-1993, fell during 1993-1998, and …
Persistent link: https://www.econbiz.de/10005084802