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. The instrumented elasticity of export growth on the intensive margin with respect to the exporter's productivity growth is …
Persistent link: https://www.econbiz.de/10012902445
A healthy financial system encourages the efficient allocation of capital and risk. The collapse of the house price bubble led to the financial crisis that started in 2007. There is a large empirical literature concerning the relation between asset price bubbles and financial crises. I evaluate...
Persistent link: https://www.econbiz.de/10013316266
structural changes, which primarily took place in many OECD countries in the mid 1980s. We argue that neither the rise of China …
Persistent link: https://www.econbiz.de/10013143974
This paper characterizes the dynamic empirical properties of country export capabilities in order to inform modelling … heavy-tailed distribution of industry export capabilities that is approximately log normal and whose shape is stable across … productivities. We establish that mean reversion in export capability, rather than indicative of convergence in productivities or …
Persistent link: https://www.econbiz.de/10013009768
In recent years wages in China have been rising and the yuan has appreciated, potentially eroding China's cost … advantage in manufactures. This paper explores the evolution of China's relative unit labor costs in manufacturing over 1998 …-2009. Between 1998 and 2003 China's unit labor costs fell, but since 2003 they have increased both absolutely and relative to US …
Persistent link: https://www.econbiz.de/10013120237
Latin American countries have lost competitiveness in world markets in comparison to China over the last two decades …, price levels (in PPP), and real exchange rates in relative terms. Due to data restrictions, China's relative exports (to the … period of eleven years. Panel and pooled estimation techniques (SUR-estimation, panel Feasible Generalized Least Squares …
Persistent link: https://www.econbiz.de/10012775853
The literature on China indicates that the concentration of economic activities in China is less than in other … workers are not able to take full advantage of the benefits from agglomeration economies. China is changing rapidly, however … institutional limitations in China against further agglomeration weaken, and that the consensus in the literature that 'Chinese …
Persistent link: https://www.econbiz.de/10013044595
Over the last millennium, the clan and the corporation have been the loci of cooperation in China and Europe …
Persistent link: https://www.econbiz.de/10013026626
With the availability of international value added trade data it has become evident that gross export data and value …
Persistent link: https://www.econbiz.de/10013023177
Whether a firm is able to attract foreign capital and whether it may participate at the export market depends on …. These findings are established through the estimation of a spatial bivariate probit model …
Persistent link: https://www.econbiz.de/10012916953