Showing 1 - 10 of 19
We investigate the empirical determinants of China's outward direct investment (ODI). It is found that China … developed and developing countries, there is evidence that a) both market seeking and resources seeking motives drive China …'s ODI, b) the Chinese exports to developing countries induce China's ODI, c) China's international reserves promote its ODI …
Persistent link: https://www.econbiz.de/10013095995
We evaluate the impact of the global financial crisis (GFC) and recent structural changes in the patterns of hoarding international reserves (IR). We confirm that the determinants of IR hoarding evolve with developments in the global economy. During the pre-GFC period of 1999-2006, gross saving...
Persistent link: https://www.econbiz.de/10013025974
Employing a continuous-time real options modeling framework, this paper scrutinizes the incentives to invest in German offshore wind farms. The focus of the analysis is the mode of action of the German feed-in tariff system for offshore wind energy deployment. The numerical results reveal that...
Persistent link: https://www.econbiz.de/10013019855
We study an overlapping generations model of human capital accumulation with threshold effects using regional data for West Germany. Our basic goal is to shed light on the growth of West German regions. The paper finds that the relative income distribution appears to be stratifying into a...
Persistent link: https://www.econbiz.de/10010295576
The paper bases itself on recent theoretical writings in growth economics that empha-size the effects of both own R&D efforts and of interregional technology spillovers on regions´ productivity. We propose robust estimation techniques to evaluate the R&D spillovers across West German functional...
Persistent link: https://www.econbiz.de/10010295614
Assessing exchange rate misalignment is not an easy task. With reference to the debate on the value of China's currency …
Persistent link: https://www.econbiz.de/10013091077
We study China's illicit capital flow and document a change in its pattern. Specifically, we observe that China … trade frictions. Our study confirms that China's capital flight pattern and its determinants are affected by the crisis … capital flight. These results highlight the challenges of managing China's capital flight, which requires information on the …
Persistent link: https://www.econbiz.de/10013011434
On August 11 2015, China revamped its procedure of setting the official central parity of the renminbi (RMB) against … the US dollar. Our empirical investigation shows that the intertemporal dynamics of China's central parity are not the … for the RMB exchange rate against the currency basket revealed by China in December 2015 in the fixing process …
Persistent link: https://www.econbiz.de/10012986235
than before. That is, capital controls in China are still substantial and effective. In addition to exchange rate changes … variables that capture changes in China's policy …
Persistent link: https://www.econbiz.de/10013076735
capital stock is accounted for. Thus, the China-US trade balance should respond to real exchange rate and relative income …
Persistent link: https://www.econbiz.de/10012753166