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This paper analyzes budgetary subsidy policy issues that arise when centrally planned economies move toward a market economy. The analysis suggests that subsidy reduction, to be successful, has to be embedded into an overall economic reform program and that during the program’s execution,...
Persistent link: https://www.econbiz.de/10014396451
The transition from a command to a market economy requires profound reforms of the tax system. Such a transition will put downward pressures on the level of taxation at a time when public expenditure remains high. This paper outlines the main characteristics of the tax systems in...
Persistent link: https://www.econbiz.de/10014396003
Persistent link: https://www.econbiz.de/10009419731
This paper pursues several objectives. First, it presents a sketch of a positive (or real-world) theory of public sector intervention. Second, it analyzes in some detail the activity of the public sector in nine market economies of developing Asia and relates this activity to the growth of the...
Persistent link: https://www.econbiz.de/10014395758
Persistent link: https://www.econbiz.de/10010389478
The use of e-commerce around the world has accelerated in recent years, with Asia, led by China, spearheading the rise …
Persistent link: https://www.econbiz.de/10012102077
Asia and China made disproportionate contributions to the slowdown of global trade growth in 2015. China's import … point to weak investment and rebalancing as the main causes of the import slowdown. Spillover effects from China …
Persistent link: https://www.econbiz.de/10011711412
estimates potential growth for China, India, and five ASEAN countries (Indonesia, Malaysia, the Philippines, Thailand, and … Vietnam) during 1993–2013. The main findings include: (i) both China and India have recently exhibited a slowdown in potential …;(iii) over the longer term, demographic factors will be much more supportive in India and some ASEAN economies than in China …
Persistent link: https://www.econbiz.de/10014394381
The perception that Asia''s inflation dynamics is driven by idiosyncratic supply shocks implies, as a corollary, that there is little scope for a policy reaction to a build-up of inflationary pressures. However, Asia''s fast growth and integration over the last two decades suggest that the...
Persistent link: https://www.econbiz.de/10014397742
While China's growth gathered momentum in 2017, rebalancing was uneven and decelerated along many dimensions reflecting …
Persistent link: https://www.econbiz.de/10012112238