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We assess the impact of China's bilateral political relations with three main trading partners-the US, Germany, and the … approach with time-varying Granger causality tests, we find that political relationships with China strongly matter in …
Persistent link: https://www.econbiz.de/10014443830
than below one. We use time series data on labor's share in GDP to estimate a substitution elasticity for China, finding … role of factor substitution in future Chinese growth. We argue that high growth in China can be supported in such a … sustainability of high Chinese growth. -- China ; growth ; sustainability ; substitution elasticity …
Persistent link: https://www.econbiz.de/10009490607
service networks will grow and contribute to the rapid growth in China, India, and Southeast Asian countries, especially from …
Persistent link: https://www.econbiz.de/10011387468
Politicians travel extensively abroad, for various reasons. One purpose of external visits is to improve bilateral economic relations. In this paper, I examine the effect of state visits on international trade. I use a large data set covering the travel activities of the heads of state of...
Persistent link: https://www.econbiz.de/10003202927
This work shows the asymmetric effect of the reduction in transportation costs across different sectors in the process of the Great Divergence. Specifically, the analysis indicates that reductions in transportation costs of industrial goods enhance convergence of the growth rates of trading...
Persistent link: https://www.econbiz.de/10010347039
Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in economies? The paper develops a new comparative data set on the usage of electricity in the manufacturing sectors of the USA, Britain, France, Germany and Japan and proceeds to...
Persistent link: https://www.econbiz.de/10010252126
This is Part 2 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth. The paper provides a critical scrutiny of a number of stylized facts widely accepted in the growth literature. It shows that private-order institutions have not historically...
Persistent link: https://www.econbiz.de/10010371915
This is Part 1 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth. The paper provides a critical scrutiny of a number of stylized facts widely accepted in the growth literature. It shows that private-order institutions have not historically...
Persistent link: https://www.econbiz.de/10010371916
protectionist government stimulated the economy in the short-run by increasing government expenditure. …
Persistent link: https://www.econbiz.de/10012387616
to the People Republic of China (PRC) and ASEAN for assembly by lower-skilled workers. The finished products are then …
Persistent link: https://www.econbiz.de/10009571750