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OECD growth rate of 2% we find that trade integration with low-wage countries in the decade around China's WTO accession ….7%. China accounts for about half of these growth increases …
Persistent link: https://www.econbiz.de/10013057413
compares the actual performance of markets in Europe and China, two regions of the world that were relatively advanced in the … findings suggest that relative levels of market function in China and Europe were similar prior to the Industrial Revolution …
Persistent link: https://www.econbiz.de/10013223801
argued that “fractured land” was responsible for China’s tendency toward political unification and Europe’s protracted … find that topography alone is sufficient, but not necessary, to explain polycentrism in Europe and unification in China …. Differences in land productivity, in particular the existence of a core region of high land productivity in northern China, also …
Persistent link: https://www.econbiz.de/10014093966
We discuss monetary thought in ancient China from the perspective of Western monetary theory. It sets out the structure … of economic activity in the various dynasties of ancient China and emphasizes the differences in monetary structure from … Europe (and later North America). Imperial China was a politically integrated structure with regional segmentation of …
Persistent link: https://www.econbiz.de/10013142088
This paper deals with the early stages of transformation of centrally-planned economies (CBEs) into market economies during which expectations playa key role. It focuses on the transitional phase during which the economy is not any more a CPE but has not yet become a market economy. During this...
Persistent link: https://www.econbiz.de/10013139423
Different beliefs about how fair social competition is and what determines income inequality, influence the redistributive policy chosen democratically in a society. But the composition of income in the first place depends on equilibrium tax policies. If a society believes that individual effort...
Persistent link: https://www.econbiz.de/10013134300
This paper analyzes the effects of top earnings tax rates on the international migration of football players in Europe. We construct a panel dataset of top earnings tax rates, football player careers, and club performances in the first leagues of 14 Western European countries since 1985. We...
Persistent link: https://www.econbiz.de/10013135873
This paper uses a unique dataset to study how firms managed liquidity during the financial crisis. Our analysis provides new insights on the interactions between internal liquidity, external funds, and real corporate decisions, such as investment and employment. We first describe how companies...
Persistent link: https://www.econbiz.de/10013138771
This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...
Persistent link: https://www.econbiz.de/10013139144
In the aftermath of World War II, the world's economies exhibited very different rates of economic recovery. We provide evidence that those countries that caught up the most with the U.S. in the postwar period are those that also saw an acceleration in the speed of adoption of new technologies....
Persistent link: https://www.econbiz.de/10013115686