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Are Chinese Growth and Inflation Too Smooth? Evidence from Engel Curves
Nakamura, Emi - 2014
China has experienced remarkably stable growth and inflation in recent years according to official statistics. We …
Persistent link: https://www.econbiz.de/10013059084
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Uncertain Outcomes and Climate Change Policy
Pindyck, Robert S. - 2010
Focusing on tail effects, I incorporate distributions for temperature change and its economic impact in an analysis of climate change policy. I estimate the fraction of consumption w*(tau) that society would be willing to sacrifice to ensure that any increase in temperature at a future point is...
Persistent link: https://www.econbiz.de/10013151360
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Global Rebalancing with Gravity : Measuring the Burden of Adjustment
Dekle, Robert - 2008
We use a forty-two country model of production and trade to assess the implications of eliminating current account imbalances for relative wages, relative GDP's, real wages, and real absorption. How much relative GDP's need to change depends on flexibility of two forms: factor mobility and the...
Persistent link: https://www.econbiz.de/10012772425
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Consumption Growth Parallels Income Growth : Some New Evidence
Carroll, Christopher D.; Summers, Lawrence H. - 2021
This paper argues that the versions of both permanent income and life-cycle theories which have recently become fashionable are inconsistent with the grossest features of cross-country and cross-section data on consumption and income. There is clear evidence that consumption and income growth...
Persistent link: https://www.econbiz.de/10013223859
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Growth Volatility and Financial Liberalization
Bekaert, Geert - 2012
We examine the effects of both equity market liberalization and capital account openness on real consumption growth variability. We show that financial liberalization is mostly associated with lower consumption growth volatility. Our results are robust, surviving controls for business-cycle...
Persistent link: https://www.econbiz.de/10012755765
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When is Debt Odious? A Theory of Repression and Growth Traps
Acharya, Viral V.; Rajan, Raghuram G.; Shim, Jack - 2021
How is a developing country affected by its odious government’s ability to borrow in international markets? We examine the dynamics of a country’s growth, consumption, and sovereign debt, assuming that the government is myopic and wants to maximize short-term, socially unproductive,...
Persistent link: https://www.econbiz.de/10013315312
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The Economic Burden of Chronic Diseases : Estimates and Projections for China, Japan, and South Korea
Bloom, David E. - 2017
China, Japan, and South Korea, and estimate the economic burden of chronic conditions in five domains (cardiovascular … non-communicable diseases over the period 2010-2030 are $16 trillion for China (measured in real USD with the base year …-effectiveness analysis by identifying some intervention strategies to reduce disease prevalence in China that are cost beneficial and …
Persistent link: https://www.econbiz.de/10012951354
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Forecasting China's Economic Growth and Inflation
Higgins, Patrick C. - 2016
rigorous and systematic research in the evaluation of out-of-sample model-based forecasts of China's real GDP growth and CPI … models when measured by root mean square errors, especially over long-run forecast horizons. The model is shown to be capable … of predicting turning points and to be usable for policy analysis under different scenarios. It predicts that China …
Persistent link: https://www.econbiz.de/10012987123
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Further Comments on the Impact of the Asian Miracle on the Theory of Economic Growth
Fogel, Robert W. - 2010
China during the four decades between 2000 and 2040. The first concerns the source of the factors which make it likely that … China will continue to grow at a high rate for another generation. The paper argues that this growth will be the result of …
Persistent link: https://www.econbiz.de/10013148098
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The Economic Impact of Non-Communicable Disease in China and India : Estimates, Projections, and Comparisons
Bloom, David E. - 2013
This paper provides estimates of the economic impact of non-communicable diseases (NCDs) in China and India for the … five main NCDs will total USD 27.8 trillion for China and USD 6.2 trillion for India (in 2010 USD). For both countries, the … that the costs are much larger in China than in India mainly because of China's higher income and older population. Rough …
Persistent link: https://www.econbiz.de/10013077651