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Transformación económica desde la óptica fiscal. ¿Puede existir un equilibrio entre el corto, mediano y largo plazo para fomentar el desarrollo?
Valdivia, Daney; Loayza, Lilian - Volkswirtschaftliche Fakultät, … - 2012
This paper computes the fiscal stance in a small open economy and asses its position to relevant macroeconomic variables in order to protect the macroeconomic stability and promote development. Since 2006 change in income and tax structure shifts the implementation of fiscal policy, increasing...
Persistent link: https://www.econbiz.de/10011258610
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Agency Conflicts, Expropriation and Firm Value: Evidence from Securities-Market Regulation in China
Henk, Berkman; Rebel, Cole; Fu, Lawrence - Volkswirtschaftliche Fakultät, … - 2005
In this study, we examine the wealth effects of regulatory changes intended to improve corporate governance by protecting minority shareholders from expropriation by controlling shareholders. Using data from publicly traded Chinese firms, we find that these new regulations significantly...
Persistent link: https://www.econbiz.de/10011260290
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China's Regional Convergence in Panels with Multiple Structural Breaks
Matsuki, Takashi; Usami, Ryoichi - Volkswirtschaftliche Fakultät, … - 2007
This study investigates the existence of regional convergence of per capita outputs in China from 1952 …’s provincial real per capita outputs to examine the regional convergence in China. To obtain the p-values of unit root tests for … Carlo simulation. The results obtained from this study reveal that the convergence of the provincial per capita outputs …
Persistent link: https://www.econbiz.de/10005621418
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Political connections and minority-shareholder protection: Evidence from securities-market regulation in China
Berkman, Henk; Cole, Rebel; Fu, Lawrence - Volkswirtschaftliche Fakultät, … - 2008
We examine the wealth effects of three regulatory changes designed to improve minorityshareholder protection in the Chinese stock markets. Using the value of a firm’s related-party transactions as an inverse proxy for the quality of corporate governance, we find that firms with weaker...
Persistent link: https://www.econbiz.de/10005622187
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The Long-Term Effects of Protestant Activities in China
Chen, Yuyu; Wang, Hui; Yan, Se - Volkswirtschaftliche Fakultät, … - 2014
Does culture, and in particular religion, exert an independent causal effect on long-term economic growth, or do culture and religion merely reflect the latter? We explore this issue by studying the case of Protestantism in China during the late nineteenth and early twentieth centuries....
Persistent link: https://www.econbiz.de/10011258769
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Rebalancing China’s economic growth: some insights from Japan’s experience
Muto, Ichiro; Fukumoto, Tomoyuki - Volkswirtschaftliche Fakultät, … - 2011
One of the greatest challenges China faces is how to reshape its heavily investment-driven mode of economic growth. By investigating how the rebalancing of Japan’s economic growth mode was realized in the 1970s, we indicate that it is essential in the rebalancing to correct the distortions in...
Persistent link: https://www.econbiz.de/10009226815
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Global imbalances: an unconventional view
Popov, Vladimir - Volkswirtschaftliche Fakultät, … - 2010
Maintaining today’s global imbalances would help to overcome the major disproportion of our times – income gap between developed and developing countries. This gap was widening for 500 years and only now, in the recent 50 years, there are some signs that this gap is starting to decrease. The...
Persistent link: https://www.econbiz.de/10008805852
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The Mechanics of Real Undervaluation and Growth
Wlasiuk, Juan Marcos - Volkswirtschaftliche Fakultät, … - 2013
The media and policy makers often mention that China manipulates its real exchange rate (RER) in order to improve its exports and boost growth. This view, however, is not supported by the most prominent economic models, which do not predict a positive relationship between real undervaluation and...
Persistent link: https://www.econbiz.de/10011111788
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Climate Change, Trade, and Competitiveness: Climate Trade Performance of India, SAARC and Asia Pacific Region
Dinda, Soumyananda - Volkswirtschaftliche Fakultät, … - 2011
This paper examines trade performance of climate friendly goods using some trade indices for India and other Asian countries during 2002 - 2008. Climate friendly goods (CFG) are those goods which have less harmful to environment. Paper identifies India’s performance in CFG trade with other...
Persistent link: https://www.econbiz.de/10011113190
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F.D.I. through the imitation procedure The case of China: A Note
Metaxas, Theodore; Kechagia, Polyxeni - Volkswirtschaftliche Fakultät, … - 2012
Over the past decades great changes have taken place in the economic environment worldwide regarding the foreign direct investment (F.D.I.). However, some of the developing countries have managed to gain more F.D.I. compared to other developing countries via skills acquisition, competition,...
Persistent link: https://www.econbiz.de/10011260465