Showing 1 - 10 of 3,507
This paper uses new data and new econometric techniques to investigate the impact of international financial integration on economic growth and also to assess whether this relationship depends on the level of economic development, financial development, legal system development, government...
Persistent link: https://www.econbiz.de/10013308338
substantially shift towards Asia and especially towards the Asian Giants, China and India. While such forecasts may pan out, there … are substantial reasons that China and India may grow much less rapidly than is currently anticipated. Most importantly … discontinuities account for a large fraction of the variation in growth rates. We suggest that salient characteristics of China …
Persistent link: https://www.econbiz.de/10013045644
Income disparity across countries has been large and widening over time. We develop a tractable model where factor requirements in production technology do not necessarily match a country's factor input profile. Appropriate assimilation of frontier technologies balances such multi-dimensional...
Persistent link: https://www.econbiz.de/10012911691
As part of a process that has been at work since 1850, real wages among the current OECD countries converged during the late 19th century. The convergence was pronounced as that which we have seen in the post World War Il period. This paper uses computable general equilibrium models to isolate...
Persistent link: https://www.econbiz.de/10013246532
In this paper we develop a new approach to measuring the gains from economic integration based on a generalization of the Ricardian model in which heterogeneous factors of production are allocated to multiple sectors in multiple local markets based on comparative advantage. We implement this...
Persistent link: https://www.econbiz.de/10012977275
This paper estimates the effect of access to transportation networks on regional economic outcomes in China over a …
Persistent link: https://www.econbiz.de/10013066520
/capita, shares in world trade and market capitalization attributable both jointly and single to China, India, and Brazil (the three … time. In contrast the North‐China gap falls from 57.2 to 13.1 between 1990 and 2009, and India from 70.4 to 38.1 using … market exchange rates and from 23.4 to 5.5 for China and from 20.7 to 11.4 for India using PPP rates. We calculate the …
Persistent link: https://www.econbiz.de/10013113158
From the perspective of conditional convergence, China's GDP growth rate since 1990 has been surprisingly high. However …, China cannot deviate forever from the global historical experience, and the per capita growth rate is likely to fall soon … from around 8% per year to a range of 3 4%. China can be viewed as a middle-income convergence-success story, grouped with …
Persistent link: https://www.econbiz.de/10013001222
convergence among the provinces of China during the period 1952-1993. We find that real income convergence of provinces in China … coastal and interior provinces, rather than increase in variance within each other. Therefore, it seems that China is now on a …
Persistent link: https://www.econbiz.de/10013233027
We examine pairs of large, Siamese twin' companies whose stocks are traded around the world but have different trading and ownership habitats. Twins pool their cashflows so, with integrated markets, twin stocks should move together. In contrast, the relative prices of twin stocks appear...
Persistent link: https://www.econbiz.de/10012774894