Showing 1 - 10 of 506
distortions. I document major trends in aggregate savings, investment, trade, and net foreign asset positions in China, and …. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded …Over the last decade, the internal and external macroeconomic imbalances in China have risen to unprecedented levels …
Persistent link: https://www.econbiz.de/10013098458
Heterogeneity in time discounting may reinforce the existing barriers to save and invest faced by rural populations in developing countries. We elicit a subjective discount rate for a varied sample of Ugandan villagers. In accordance with other studies, we have found the discount rate to...
Persistent link: https://www.econbiz.de/10012764244
region. In terms of sheer magnitudes, China's national savings and current account surpluses dominate the region's saving-investment … growth. Investment growth has dominated GDP growth in China during this decade but is also important in the cases of India … growth rates for the key emerging markets and other developing economies in Asia. China has by far the lowest share of …
Persistent link: https://www.econbiz.de/10013158044
firm's investment is comparatively more sensitive to cash flow, but this sensitivity is negatively and significantly … related with corporate efficiency. These results point to the fact that high investment sensitivity to cash flow may not be … solely driven by measurement error in investment opportunity, but may still be interpreted as a consequence of imperfect …
Persistent link: https://www.econbiz.de/10013051438
existing studies, we analyze the sources and causes of China's high and rising saving rates in the government, corporate, and … household sectors. Although the causes of China's high saving are complex, we suggest that the evolving economic, demographic …
Persistent link: https://www.econbiz.de/10013130462
jointly contributed to the upsurge in aggregate savings in China in the past two decades. Government policies to rebalance the …This paper analyzes the causes of rising savings rates for the corporate, government, and household sectors, which have …
Persistent link: https://www.econbiz.de/10013086223
structural changes on the rise in household saving in China. Variations in fines across provinces on unauthorized births under … investigated in the context of household saving decisions in China …
Persistent link: https://www.econbiz.de/10013096769
China's household saving rate has increased markedly since the mid-1990s and the age-saving profile has become U … a buffer-stock savings model and show that rising income uncertainty and pension reforms lead younger and older … households, respectively, to raise their saving rates. These two factors account for over half of the increase in China's urban …
Persistent link: https://www.econbiz.de/10013135632
Does the availability of internal finance constrain firm growth? Or does it foster it? To answer these questions, we use a panel of 407,096 Chinese firms over the period 2000-2005. We estimate dynamic assets growth equations augmented with cash flow, and find that the growth of state owned...
Persistent link: https://www.econbiz.de/10013324808
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