Showing 1 - 10 of 435
This paper estimates the carbon leakage rate across countries, arguably a key parameter in the international climate policy discussion including on border carbon adjustment, but which remains subject to significant uncertainty. We propose innovations along two lines. First, we exploit recently...
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The paper models international spillovers from a hypothetical drop of China's imports as a result of China … shock, which are largely unaccounted for in the existing literature. Such effects include direct spillovers from China on … its trading partners, subsequent spillins among them, and spillbacks on China itself. The paper finds that the network …
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Real estate investment accounts for a quarter of total fixed asset investment (FAI) in China. The real estate sector … process relies primarily on collateral, like in China. As a result, the impact on economic activity of a collapse in real … estate investment in China though a low-probability event would be sizable, with large spillovers to a number of China …
Persistent link: https://www.econbiz.de/10009679024
After many years of rapid expansion, China's growth is slowing to more sustainable levels and is rebalancing, with … financial markets. It finds that countries with closer trade linkages with China (Malaysia, Singapore, and Thailand) and net … points in response to a decline in China's growth by 1 percentage point depending on the model used and the nature of the …
Persistent link: https://www.econbiz.de/10011715194
This paper finds that financial spillovers from China to regional markets are on the rise. The main transmission … global risk premiums, China's influence on regional markets is not yet to the level of the United States, but comparable to … that of Japan. If China-related shocks are coupled with a rise in global risk premiums, as in August 2015 and January 2016 …
Persistent link: https://www.econbiz.de/10011715204
This paper looks at the effects of a China slowdown on Emerging Market Economies (Indonesia, Malaysia, and Thailand … China growth shocks on ASEAN has risen since the global financial crisis. A one percent decline in China's growth implies a … between ASEAN and China. These magnitudes are double what they were two decades ago due to stronger trade and financial …
Persistent link: https://www.econbiz.de/10011715570