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documented by Monte Carlo experiments. An empirical application to modelling of real GDP growth and investment-output ratios … dominant effects are found. The results also suggest that increase in investment as a share of GDP predict higher growth rate …
Persistent link: https://www.econbiz.de/10003646695
-rich economies. The Chinese shift to consumption-driven growth led to a decline in commodity demand, and the environment became more … China) countries. The results reveal a strong impact of international variables on GDP growth. In contrast to the other … countries, China plays a crucial role in determining global trade and oil prices. Hence, the change in the Chinese growth …
Persistent link: https://www.econbiz.de/10011631497
This paper examines empirically the interaction between immigration and host country economic conditions. We employ panel VAR techniques to use a large annual dataset on 22 OECD countries over the period 1987-2009. The VAR approach allows to addresses the endogeneity problem by allowing the...
Persistent link: https://www.econbiz.de/10009656607
We examine the Exchange Rate Volatility (ERV) response to the Economic Policy Uncertainty (EPU) shocks from a panel VAR perspective used for the first time in this context. Focusing on Emerging Market Economies (EME), our noteworthy findings postulate that (a) both home and foreign EPU shocks...
Persistent link: https://www.econbiz.de/10012239005
This paper explores the long run relationship between public and private investment in the euro area in terms of … capital stocks and gross investment flows. Panel techniques ac-counting for international spillovers are employed. While … private and public capital stocks are cointegrated, the evidence is quite fragile for public and private investment flows …
Persistent link: https://www.econbiz.de/10010252646
continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved … our key results to alternative data sets. -- China ; investment ; growth ; productivity ; capital market distortions …China has achieved impressive growth over the last three decades. However, there has been debate over the sources of …
Persistent link: https://www.econbiz.de/10003940472
Using a national sample of Urban Household Surveys, we document several profound changes in China's wage structure … the major forces behind the evolving wage structure in China. -- wage growth ; wage premium ; capital accumulation ; trade … expansion ; technological change ; China …
Persistent link: https://www.econbiz.de/10009536495
income trap" as China exhausts the benefits of international technology transfer. IKC is productivity-enhancing among Chinese … China's IKC generates patents in China, but fewer than in major industrialized economies. Among domestically owned …
Persistent link: https://www.econbiz.de/10010224593
growth. Investment growth has dominated GDP growth in China during this decade but is also important in the cases of India … region. In terms of sheer magnitudes, China's national savings and current account surpluses dominate the region's saving-investment … growth rates for the key emerging markets and other developing economies in Asia. China has by far the lowest share of …
Persistent link: https://www.econbiz.de/10003879333
There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...
Persistent link: https://www.econbiz.de/10003900319