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, loosely based upon China. We calibrate a benchmark equilibrium, and carry out various counterfactual simulations to analyze …
Persistent link: https://www.econbiz.de/10014401067
This paper uses provincial time series data from China to empirically investigate two propositions relating to economic … have increased the rate of convergence in per capita incomes across China’s provinces. However, the pattern of FDI, which …
Persistent link: https://www.econbiz.de/10014399962
We present a stylized real model of the Chinese economy with the objective of explaining two features: (1) domestic production is highly competitive in the sense that an accumulation of capital that raises the marginal product of labor elicits increases in employment and output rather than only...
Persistent link: https://www.econbiz.de/10014401525
, especially from EMEs like China, spurring trade tensions and protectionist measures. The paper investigates the conflicting …
Persistent link: https://www.econbiz.de/10012518909
Economy Model (GEM) is used to estimate the impact that emerging Asia’s growth differential has had on Australia. The … simulation analysis, which replicates some key features from the last decade, suggests that roughly 25 percent of Australia … suggests that should emerging Asia continue to grow in a similar fashion, Australia’s growth dividend could almost double. On …
Persistent link: https://www.econbiz.de/10014402654
Australia and New Zealand. The two countries have not been hit hard by the global crisis, but have large net external …-term potential growth of about 3 percent for Australia and 2. percent for New Zealand, higher than that of many other advanced …
Persistent link: https://www.econbiz.de/10014402919
The existing literature suggests a number of alternative methods to test for the presence of contagion during financial market crises. This paper reviews those methods and shows how they are related in a unified framework. A number of extensions are also suggested that allow for multivariate...
Persistent link: https://www.econbiz.de/10014401432
-factor productivity (MFP) in a panel of industries in 15 OECD countries over the period 1980 to 2003, with a special focus on Australia … Technologies (ICTs). We show that reforms of both the labor and product markets since the early 1990s can explain Australia …
Persistent link: https://www.econbiz.de/10014401500
the decline in the share of goods production in Australia and New Zealand. The simulation results suggest that faster … productivity growth in the tradable goods sector in Australia, New Zealand, and their major trading partners accounts for a …
Persistent link: https://www.econbiz.de/10014404297
We trace Japanese corporate investment across different types of firms over the past decades and estimate the main determinants of investment. We find that there are differences in investment behavior between firms expanding abroad and those operating mainly in domestic markets. On the back of a...
Persistent link: https://www.econbiz.de/10011373921