Showing 1 - 10 of 74
This paper adds to the literature on wealth effects on consumption by disentangling house price effects on consumption … for mainland China. In a stochastic modelling framework, the riskiness, rate of increase and persistence of house price … movements have different implications for the consumption/housing ratio. We exploit the geographical variation in property …
Persistent link: https://www.econbiz.de/10009146900
In recent years China has experienced two forms of extreme macroeconomic imbalance: an expenditure imbalance in the … sense of very high investment and very low consumption, giving rise to rapid capital accumulation; and an imbalance between …. Both imbalances imply a low rate of time discount by both government and society: consumption in the present is forgone in …
Persistent link: https://www.econbiz.de/10009146904
effectiveness of whistleblower laws and their awareness, this study creates a unique internet-based measure of awareness about …. Internet awareness of whistleblower laws appears to be more effective at exposing corruption than the quantity and quality of …
Persistent link: https://www.econbiz.de/10010818560
This paper uses multivariate GARCH techniques to study volatility spillovers between the Chinese non-deliverable forward market and seven of its Asia-Pacific counterparts over the period January 1998 to March 2005. To account for the time-variability of conditional correlation, a dynamic...
Persistent link: https://www.econbiz.de/10005419581
There have been profound changes in both political and economic institutions in China over the last twenty years …
Persistent link: https://www.econbiz.de/10005419585
two emerging stock markets - Russia and China, because of their unique characteristics and performance in the past years …
Persistent link: https://www.econbiz.de/10005419590
We present a new composite leading indicator of economic activity in mainland China, es-timated using a dynamic factor …
Persistent link: https://www.econbiz.de/10005419594
features of China's extensive processing trade cause both the identification of imported intermediate goods, and their … intermediate goods imported into China. Vertical specialization is then estimated using two methods. The first method uses the … strong evidence of an Asian network of intermediate suppliers to China, and the two methods provide a range of estimates for …
Persistent link: https://www.econbiz.de/10005419600
stability in mainland China. We examine whether excess money relative to rulebased values provides information that improves the …
Persistent link: https://www.econbiz.de/10005419610
In January 2008, China adopted a new labour contract law. This new law represents the most significant reform to the … legislation on employment relations in mainland China in more than a decade. The paper provides a theoretical framework on the …
Persistent link: https://www.econbiz.de/10005419612