Showing 1 - 10 of 10
Initially, the global financial crisis caused a surge of financial inflows, raising Chinese investment but this abated in 2008, to be replaced by a slowdown in export demand. The government’s key response has been to commit to an unprecedented fiscal expansion. Two oft-ignored consequences...
Persistent link: https://www.econbiz.de/10010904324
The retreat from public ownership of service firms and industries has left behind numerous private monopolies and oligopolies supervised by regulatory agencies. Services industries in government and private ownership generate two-thirds of Australia’s value added and employ three quarters of...
Persistent link: https://www.econbiz.de/10005086514
China’s industrial reforms have left many key industries dominated by single or small numbers of firms, most of which remain state owned. Until recently, these firms have not been required to pay dividends to the state and the recent surge in China’s growth has made them very profitable,...
Persistent link: https://www.econbiz.de/10005086515
Initially, the global financial crisis caused a surge of financial inflows, raising Chinese investment but this abated in 2008, to be replaced by a slowdown in export demand. The government’s key response has been to commit to an unprecedented fiscal expansion. Two oft-ignored consequences...
Persistent link: https://www.econbiz.de/10005018037
China’s industrial reforms have left many key industries dominated by single or small numbers of firms, most of which remain state owned. Until recently, these firms have not been required to pay dividends to the state and the recent surge in China’s growth has made them very profitable,...
Persistent link: https://www.econbiz.de/10010607766
The retreat from public ownership of service firms and industries has left behind numerous private monopolies and oligopolies supervised by regulatory agencies. Services industries in government and private ownership generate two-thirds of Australia’s value added and employ three quarters of...
Persistent link: https://www.econbiz.de/10010607784
Export led growth has been very effective in modernising China’s economy and establishing a large high-saving middle class. Notwithstanding political opposition from trading partners, this growth strategy has also offered the rest of the world improved terms of trade in both product and...
Persistent link: https://www.econbiz.de/10011031834
Australia’s comparatively small and open economy is subject to boom-bust shocks that centre on its exporting mining and agricultural industries which, in average years, are minor contributors to its GDP. The associated real exchange rate effects, however, have important implications for...
Persistent link: https://www.econbiz.de/10011031840
China’s size limits its capacity to source further growth from exports and so the inevitable turn inward is in progress, as suggested by declining gross flows on its balance of payments relative to its GDP. Thus far, key home policy drivers have been fiscal expansion and public investment,...
Persistent link: https://www.econbiz.de/10011031847
Export led growth has been very effective in modernising China’s economy and establishing a large high-saving middle class. Notwithstanding political opposition from trading partners, this growth strategy has also offered the rest of the world an improved terms of trade and cheaper finance....
Persistent link: https://www.econbiz.de/10011201590