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and compare capital market development in Britain and China. Interest rates for Britain were lower than China's on average … are twice those of the Delta, and three or more times as high as elsewhere in China. Overall, our results suggest capital …
Persistent link: https://www.econbiz.de/10013019495
compares the actual performance of markets in Europe and China, two regions of the world that were relatively advanced in the … and by the 18th century the scope of economic activity was far larger than in other parts of the world. This paper … for about two-fifths of the world's population in the mid-18th century, and it considers some three centuries of data. Our …
Persistent link: https://www.econbiz.de/10013223801
Large and regular seasonal price fluctuations in local grain markets appear to offer African farmers substantial inter-temporal arbitrage opportunities, but these opportunities remain largely unexploited: small-scale farmers are commonly observed to "sell low and buy high" rather than the...
Persistent link: https://www.econbiz.de/10012922227
This paper evaluates a well-known approach from the economic history literature that uses grain prices to shed light on interest rates. Although this method has been applied in influential work starting with McCloskey and Nash (1984) and has potentially wide applicability in situations where...
Persistent link: https://www.econbiz.de/10012925271
produces roughly 40% of the world's corn. A heat wave in July adversely affected corn production. We extend earlier statistical …
Persistent link: https://www.econbiz.de/10013096014
predicted by estimates based upon a cross-country sample, when using the 2006 vintage of the World Development Indicators. The … manufacturing capital stock is accounted for. Thus, the China-US trade balance should respond to real exchange rate and relative …
Persistent link: https://www.econbiz.de/10012757953
panel regressions account for not more than 2/3 of the variation. We apply the regression results to assess China's current …
Persistent link: https://www.econbiz.de/10012758242
market countries (Brazil, Russia, India and China), adding constraints that reflect a central bank%u2019s desire to hold a …
Persistent link: https://www.econbiz.de/10012761272
This paper presents both analytics and numerical simulation results relevant to proposals for carbon motivated regional trade agreements summarized in Dong amp; Whalley(2008). Unlike traditional regional trade agreements, by lowing tariffs on participant's low carbon emission goods and setting...
Persistent link: https://www.econbiz.de/10012750865
-based measures. Examples from countries around the world illustrate the role of political and policy developments as drivers of … market volatility since March 2018, when U.S.-China tensions began to escalate. Lastly, I offer remarks on the interplay …
Persistent link: https://www.econbiz.de/10012863256