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While China has made great strides in transforming its centrally-planned economy to a market-oriented economy, there … competition and social welfare in the context of China's automobile market. This market exhibits a salient feature that vehicle …
Persistent link: https://www.econbiz.de/10012949439
numerical simulation methods to assess the potential effects of a TPP agreement on China and the other participating countries …. Simulation results reveal that China will be hurt by TPP initiatives, but the negative effects are relatively small given the … other pacific countries are included, China is notable for its exclusion from the process thus far. This paper uses …
Persistent link: https://www.econbiz.de/10013106304
under favorable and unfavorable fossil-fuel price regimes. The model includes Russia, the U.S., China, India, the EU, and …
Persistent link: https://www.econbiz.de/10013021019
objective of involving large developing countries such as China and India in a post 2012 regime, broader considerations imply … alternative cross country fairness considerations entering the global negotiation process using a numerical simulation model which …
Persistent link: https://www.econbiz.de/10013099816
We conduct an empirical simulation exercise that gauges the plausible impact of increased rates of college attainment …
Persistent link: https://www.econbiz.de/10014101795
of the outcome and the treatment are varied across simulation scenarios. Results show that 2SLS generated consistent …
Persistent link: https://www.econbiz.de/10012947010
Traditional economic models have had difficulty explaining the non-monotonic real effects of credit booms and, in particular, why they have predictable negative after-effects for up to a decade. We provide a systematic transmission mechanism by focusing on the flows of resources between...
Persistent link: https://www.econbiz.de/10012920372
This paper analyzes saving and capital accumulation in a two-good growth model of two market economies in which economic agents optimize with perfect foresight. The goal is to present a model in which short-run dynamics and the steady-state are soundly integrated. We stress the importance of...
Persistent link: https://www.econbiz.de/10013218346
Making use of restrictions imposed by equilibrium, theoretical progress has been made on the nonparametric and semiparametric estimation and identification of scalar additive hedonic models (Ekeland, Heckman, and Nesheim, 2002) and scalar nonadditive hedonic models (Heckman, Matzkin, and...
Persistent link: https://www.econbiz.de/10013219280
In this paper, we investigate the properties of alternative monetary policy rules using four structural macroeconometric models: the Fuhrer-Moore model, Taylor's Multi-Country Model, the MSR model of Orphanides and Wieland, and the FRB staff model. All four models incorporate the assumptions of...
Persistent link: https://www.econbiz.de/10013223571