make the economy less stable at the aggregate level. As in Nelson and Winter (1982), firms differ in their labor … explain the key results. Optimal selectivity is larger, the less "cobweb unstable" the economy, i.e. the more elastic the …

This paper examines differences in China's ethnic majority and minority patterns of labor force participation and …

Coordination of macro-economic development and employment is an essential issue for China's social development, which …

We analyze the effects of the unprecedented rise in trade between Germany and "the East" – China and Eastern Europe … and export exposure. We find that the rise of "the East" in the world economy caused substantial job losses in German … trade integration has caused some 493,000 additional jobs in the economy and contributed to retaining the manufacturing …

China has witnessed rapid increases in the skill premium over the last few decades. In this paper, we study the short …-run effect of capital goods imports on skill premium in China. The surge in capital goods imports, which embody advanced … technology, can explain the rising demand for skills in China. We exploit regional variations in capital goods import exposure …

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 …, and policy trends in the internal and external environments of the Chinese economy will likely lead to a decline in …

Much of the political economy analysis of reform focuses on the conflict of interest between groups that stand to gain … partly reinforced by the insulation of the educational profession from the real economy (an effect which had been discussed … by Hayek). The bias makes it harder for the population to learn the true parameters of the economy if these are …