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China is transitioning to a greener, more inclusive, more consumer and service based, and less credit-driven economy …
Persistent link: https://www.econbiz.de/10011715356
China and Australia have increasingly strong links, especially through trade. These are driven by demand from China for … Australian commodities (coal and iron ore) and services (tourism and education). These links are influenced by China's transition …, three risks (both upside and downside) to China during this transition process are considered, focusing on their spillovers …
Persistent link: https://www.econbiz.de/10011866353
recommendations for China. The simulations highlight the importance of the criteria being used for determining speed and sequencing …
Persistent link: https://www.econbiz.de/10014401153
This paper examines China’s reform experience since 1978, reviewing major initiatives taken and assessing their impact … special conditions before and during the reform process that impinged on China’s capacity to implement reforms, and, in … particular, those where China may differ from other countries undertaking reform, including former CPEs. A further consideration …
Persistent link: https://www.econbiz.de/10014397706
Error correction models of the demand for a range of monetary aggregates in China are estimated with quarterly data for … indirect evidence against the existence of substantial repressed inflation in China during the sample period. This is a working …
Persistent link: https://www.econbiz.de/10014396177
Market-oriented economic reforms in centrally planned economies have altered the functions and objectives of key policy instruments, particularly in the case of fiscal policy. As a result of reform, economic management requires the use of “indirect” levers to regulate the behavior of...
Persistent link: https://www.econbiz.de/10014396291
This paper examines the relationship between macroeconomic stabilization and market-oriented reform in planned economies. It emphasizes that market-oriented reform should enhance the likelihood that adjustment to exogenous disturbances will involve genuine adjustment in the sense of actually...
Persistent link: https://www.econbiz.de/10014396471
in China during the last decade, drawing upon previous analytical work and also employing the “Granger causality” test …
Persistent link: https://www.econbiz.de/10014395816
The modernization of Italy's insolvency framework has been the subject of much interest in recent years, related not least to its role in potentially facilitating an efficient allocation of resources. A unique feature of Italy's insolvency framework is a special regime for large enterprises...
Persistent link: https://www.econbiz.de/10011932376
This paper investigates the microeconomic origins of aggregate economic fluctuations in Europe. It examines the relevance of idiosyncratic shocks at the top 100 large firms (the granular shocks) in explaining aggregate macroeconomic fluctuations. The paper also assesses the strength of...
Persistent link: https://www.econbiz.de/10011748905