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Why have economic reforms aimed at reducing the role of the state been successful in some cases but not others? Are reform failures the consequence of leviathan states that hinder private economic activity, or of weak states unable to implement policies effectively and provide a supportive...
Persistent link: https://www.econbiz.de/10010269020
This paper deals with potential instabilities in the Eurozone stemming from an insufficient interplay between monetary policy and reform effort on the one hand and the emergence of intra-Euro area divergences on the other. As a first step, we assess the effect of EMU on structural reform and...
Persistent link: https://www.econbiz.de/10010269233
Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data … listing suspension mechanism, i.e., the ST designation, adopted by China's securities regulatory agency appears to be … literature on economic transition, our findings suggest that any fundamental improvement in China's corporate governance will …
Persistent link: https://www.econbiz.de/10010274393
This paper examines differences in China's ethnic majority and minority patterns of labor force participation and …
Persistent link: https://www.econbiz.de/10010269021
across a number of provinces in China. Using 2008 and 2009 RUMiC data pooling urban, rural and migrant samples, we find that …
Persistent link: https://www.econbiz.de/10010481591
This paper explores the changing trend of adult height in China for cohorts born in 1950-90. We use information on the …
Persistent link: https://www.econbiz.de/10012597560
This paper examines differences in China's ethnic majority and minority patterns of labor force participation and …
Persistent link: https://www.econbiz.de/10005012889
across a number of provinces in China. Using 2008 and 2009 RUMiC data pooling urban, rural and migrant samples, we find that …
Persistent link: https://www.econbiz.de/10011105049
Distributional consequences typically receive limited attention in economic models that analyze the effects of monetary and financial sector policies. These consequences deserve more attention since financial markets are incomplete, imperfect, and economic agents' access to them is often...
Persistent link: https://www.econbiz.de/10010328965
Forward-looking behavior on the part of the monetary authority leads least squares estimates to understate the true growth consequences of monetary policy interventions. We present instrumental variables estimates of the impact of interest rates on real output growth for several European...
Persistent link: https://www.econbiz.de/10010262211