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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 …, the accession of China to the World Trade Organization has dramatically amplified the effects of these structural …
Persistent link: https://www.econbiz.de/10013098458
-seeking behavior. In China, researchers have frequently argued that village cadres, who are the lowest level of administrators in rural … and non-cadre households in rural China without controlling for unobserved dimensions of ability that are also correlated … who is a cadre. Given the increasing returns to non-agricultural employment since China‘s economic reforms began, it is …
Persistent link: https://www.econbiz.de/10013104664
jointly contributed to the upsurge in aggregate savings in China in the past two decades. Government policies to rebalance the …
Persistent link: https://www.econbiz.de/10013086223
response to changes in their parents' income. Exploiting a unique policy intervention in China, we examine using a difference …
Persistent link: https://www.econbiz.de/10012863824
In China, real estate and the stock market are the two main markets favored by both individual and institutional … stock market and real estate sector's trading volumes in 31 provinces of China. Its empirical results are based on panel …
Persistent link: https://www.econbiz.de/10013405779
This paper is concerned with empirical and theoretical basis of the Efficient Market Hypothesis (EMH). The paper begins with an overview of the statistical properties of asset returns at different frequencies (daily, weekly and monthly), and considers the evidence on return predictability, risk...
Persistent link: https://www.econbiz.de/10013141228
We examine the interaction between foreign aid and binding borrowing constraint for arecipient country. We also analyze how these two instruments affect economic growth vianon-linear relationships. First of all, we develop a two-country, two-period trade-theoreticmodel to develop testable...
Persistent link: https://www.econbiz.de/10009522214
We use data from over 20,000 firms in 60 countries to identify constraints on the growth offirms. We interpret managers´ answers to survey questions on the extent to which variousaspects of their external environment inhibit the performance of their firm as measuring theshadow cost of...
Persistent link: https://www.econbiz.de/10005861835
Microinsurance is an emerging concept protecting households from the potentially catastrophic expenditures associated with family related shocks. Therefore, this paper presents evidence on the determinants of insurance participation using probit models on household survey data from Sri Lanka,...
Persistent link: https://www.econbiz.de/10013131418
This paper argues that the level of financial services provision determines the risk management strategies among the poor. The paper estimates the determinants of the household's use of one, two or all three types of microfinancial services applying ordered probit models and additionally probit...
Persistent link: https://www.econbiz.de/10013138260