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This paper investigates whether or not the adoption of the Euro has facilitated the introduction of structural reforms, defined as deregulation in the product markets and liberalization and deregulation in the labor markets. After reviewing the theoretical arguments that may link the adoption of...
Persistent link: https://www.econbiz.de/10012758159
Beginning in 1979 with the newly electted Thatcher Government and continuing under successive Conservative and Labour Governments, the United Kingdom has embarked on a two-decade-long experiment in economic reform. We present evidence that the reform process has succeeded in making the UK more...
Persistent link: https://www.econbiz.de/10013218893
Does democracy promote economic development? We review recent attempts to address this question, which exploit the within-country variation associated with historical transitions in and out of democracy. The answer is positive, but depends %u2013 in a subtle way %u2013 on the details of...
Persistent link: https://www.econbiz.de/10013234089
best, particularly in comparison with that of China. Comparing these countries and reviewing the literature, we conclude … gained from trade, and by some measures, more so than China. We sketch out a theory in which developing countries can grow … continuing reforms, Chinese growth is likely to slow down sharply, perhaps leaving China at a level less than Mexico's real GDP …
Persistent link: https://www.econbiz.de/10013135399
that China sells, rather than goods that China buys. I assess evidence from recent literature on these arguments and …
Persistent link: https://www.econbiz.de/10013137012
The relative performance of China and India is compared using two different methods and they provide a very different … goods and services and of gross fixed capital formation. Using a two tailed- test we find that China does better than India … for most of these indicators. For instance, China has a higher growth rate of per capita income, XGS and GFCF as also a …
Persistent link: https://www.econbiz.de/10013082432
added production function of the State Owned (SOE) and Foreign-Funded Enterprises (FFE) in China, 1980s-2007. The transition … associated with the economic reforms in China is estimated applying a curvilinear logistic function, where the speed and the …
Persistent link: https://www.econbiz.de/10013151136
that the only industries in which listed companies in China display strong performance are public utilities, transportation …
Persistent link: https://www.econbiz.de/10012762840
Starting in the late 1990s, China undertook a dramatic transformation of the large number of firms under state control …
Persistent link: https://www.econbiz.de/10013026794
Many studies of regional disparity in China have focused on the preferential policies received by the coastal provinces …
Persistent link: https://www.econbiz.de/10013231579