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This paper examines the role of the labour share in creating instability in a small open economy. We assume that financial markets are imperfect so that entrepreneurs are credit constrained, and that this constraint is tighter for low levels of financial development. Aghion, Bacchetta and...
Persistent link: https://www.econbiz.de/10005789933
This study provides a comprehensive investigation on the mechanisms of risk sharing among China's provinces over the … operative channel of risk sharing in China. Third, there are possibilities for China to gain the benefits of risk sharing from … China. …
Persistent link: https://www.econbiz.de/10011109863
The aim of this paper is to investigate the role of Jacobian externalities stemmed from different technological sectors for international firms engaged both in environmental and in dirty activities. Firms' innovation, measured, as the development of new patents, is a key factor behind the...
Persistent link: https://www.econbiz.de/10012961274
friendly goods and technologies. The Comparative advantage analyses indicate that Hong Kong, China, and Japan have comparative … China, Hong Kong and Japan, and Asia Pacific region are major exporter of CFG during 2002-2008. Competitiveness of India …, China and South Korea has improved in 2008. Pakistan, Sri-Lanka, and India prefer to trade in CFG regionally and have shown …
Persistent link: https://www.econbiz.de/10011113190
China have attained high rates of economic growth. Export-led growth has taken over the status as model for developing … of Japan, the Tiger states and China with their respective strategies of industrial policy and export-led growth. Is …
Persistent link: https://www.econbiz.de/10011257823
of bankruptcies. In this framework, we find that stock market volatility may damage the real economy if the stock market … is too relevant. In particular, an increase of volatility worsens the economic performance through the stock market …
Persistent link: https://www.econbiz.de/10011253063
(with causal feedback), and that they affect the exchange rate volatility. Finally, with weekly data we highlight that the … euro/dollar volatility "Granger-cause" the rate of return on stocks. …
Persistent link: https://www.econbiz.de/10009643213
China. We find that, on average, a 22-base-point- increase in the STT rate is associated with about a 28% drop in trading … return volatility. Besides, the increases in the STT rate have mixed effects on market efficiency, either improving or …
Persistent link: https://www.econbiz.de/10008506118
We attempt to explain stock market dynamics in terms of the interaction among three variables: market price, investor opinion and information flow. We propose a framework for such interaction and apply it to build a model of stock market dynamics which we study both empirically and...
Persistent link: https://www.econbiz.de/10011108097
volatility for a sample of both net oil-exporting and net oil-importing countries between 1995:09 and 2013:07. We accomplish that …. The results for both stock market returns and volatility suggest that spillover effects vary across different time periods …
Persistent link: https://www.econbiz.de/10011112400