Showing 1 - 10 of 352
The paper examines the behavior of stock returns in the Egyptian stock exchange, the efficiency of the market in pricing securities, and the relationship between returns and conditional volatility. GARCH(p,q)-M models estimated for the four best known daily indices indicate significant...
Persistent link: https://www.econbiz.de/10014403463
This paper examines the efficiency of the Stock Exchange of Singapore and the relationship between the stock market and the overall economy. Using a wide range of methods for testing market efficiency, the paper establishes that the Singapore stock market is both “weakly” and...
Persistent link: https://www.econbiz.de/10014400194
Using the ARFIMA-FIGARCH model, this paper studies the efficiency of the Japanese equity market by examining the statistical properties of the return and volatility of the Nikkei 225. It shows that both follow a long range dependence, which stands against the efficient market hypothesis (EMH)....
Persistent link: https://www.econbiz.de/10014403884
China’s current growth model— which has delivered steady and robust growth for two decades and lifted some 500 million … continued reliance on capital accumulation, China can grow at a healthy pace and maintain its convergence toward the level of … high income economies. Evidence from China’s provinces indicates that there is room to improve productivity and sustain …
Persistent link: https://www.econbiz.de/10012667490
The paper analyzes the recent growth dynamics in China, evaluating both cyclical positions and long-term growth … likely and needed in the near term to restore the economy to equilibrium. In the medium term, growth will slow as China moves …
Persistent link: https://www.econbiz.de/10012418220
China's growth potential has become a hotly debated topic as the economy has reached an income level susceptible to the … literature has largely focused on macro level aggregates, which are ill suited to understanding China's significant structural … transformation and its impact on economic growth. To fill the gap, this paper takes a deep dive into China's convergence progress in …
Persistent link: https://www.econbiz.de/10012154921
China''s rapid overall growth since 1978 masks significant differences in relative economic performance across its …
Persistent link: https://www.econbiz.de/10014403618
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
China''s growth record since the start of its economic reforms in 1978 has been extraordinary. Yet, this impressive … to analyze the variation in labor productivity growth across China''s provinces. This approach imposes less structure on … convergence in labor productivity across China''s provinces during 1978-98. However, our results show that provinces converged in …
Persistent link: https://www.econbiz.de/10014402399
Persistent link: https://www.econbiz.de/10009424815