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distortions. I document major trends in aggregate savings, investment, trade, and net foreign asset positions in China, and …Over the last decade, the internal and external macroeconomic imbalances in China have risen to unprecedented levels …. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded …
Persistent link: https://www.econbiz.de/10013098458
Using a national sample of Urban Household Surveys, we document several profound changes in China's wage structure … the major forces behind the evolving wage structure in China …
Persistent link: https://www.econbiz.de/10013107207
Since the 1980s, China's government has eased restrictions on internal migration. This easing, along with rapid growth … China, especially during the 1990s. However, other important economic and socio-political determinants of interprovincial … gravity model of interprovincial migration in China that includes as explanatory variables: migrant networks in the …
Persistent link: https://www.econbiz.de/10013316917
We propose a new nonparametric approach to estimate the production function for housing. Our estimation treats output as a latent variable and relies on the first-order condition for profit maximisation with respect to non-land inputs by competitive house builders. For parcels of a given size,...
Persistent link: https://www.econbiz.de/10012978173
investment in knowledge, and its productivity, looking at sectoral peculiarities which may emerge; to this end, we use a large …
Persistent link: https://www.econbiz.de/10013120145
In this paper, we provide an overview of the relationship between international migration and international trade as well as capital movements. After taking a brief historical perspective, we first investigate migration flows between two countries in a static, neoclassical context. We allow for...
Persistent link: https://www.econbiz.de/10013098128
We investigate the returns to capital and capital accumulation using panel data of Peruvian micro enterprises (MEs). Marginal returns to capital are found to be very high at low levels of capital, but rapidly decreasing at higher levels. The dynamic analyses of capital accumulation in MEs...
Persistent link: https://www.econbiz.de/10013099706
The decisions of firms on investment and hiring play a crucial role in business cycle fluctuations. This paper explores … investment costs. It is significant and negatively signed, implying complementarity between investment and hiring. There is a … the investment part of the model is poor if hiring is left out completely or is introduced without the interaction between …
Persistent link: https://www.econbiz.de/10013104684
financial markets work, and stress the vital need of preventing financial devices that result in productive investment crowding-out …
Persistent link: https://www.econbiz.de/10013084673
In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the functional-personal income distribution nexus. We analyse the labour share under the prism of monopoly and frictional growth, and disclose the dramatic upward trend in...
Persistent link: https://www.econbiz.de/10013085470