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This paper analyzes whether commodity futures prices traded in the United States reveal information relevant to stock prices of East Asian economies including China, Japan, Hong Kong, South Korea, and Taiwan. We find significant and positive predictive powers of overnight futures returns of...
Persistent link: https://www.econbiz.de/10013071915
We use a new firm-level dataset to examine the efficiency of investment in emerging economies. In the three-year period following stock market liberalizations, the growth rate of the typical firm's capital stock exceeds its pre-liberalization mean by an average of 5.4 percentage points....
Persistent link: https://www.econbiz.de/10012780226
This paper estimates a household saving rate equation for India and Korea using long-term time series data for the 1975 … impact on the household saving rate in both India and Korea, even after controlling for the usual suspects such as the aged … and youth dependency ratios and income. It has a negative impact in India, where the bride's side has to pay substantial …
Persistent link: https://www.econbiz.de/10012986694
's technology gaps both with the U.S. and India between 1979 and 2008, comparing the technology level of these economies using a CES … India and the U.S. for the period before 2008. The pairwise gaps between the U.S. and China, and the U.S. and India remain … productivity than India over the period, the bilateral technology gap between China and India is still in India's favor. India had …
Persistent link: https://www.econbiz.de/10013013187
cycle. Finally, recent policy initiatives suggest that India is poised to replace China as the dominant periphery country …
Persistent link: https://www.econbiz.de/10013047779
What is the impact of trade policy in developing countries? We address the question in the context of interwar India …
Persistent link: https://www.econbiz.de/10013294380
are against China; India, in turn, is the largest source of initiation against China by number of actions. Here we explore …
Persistent link: https://www.econbiz.de/10013094234
The central focus of this paper is on the relationship between domestic market structure and export performance. It evaluates the hypothesis that more concentrated industrial sectors can achieve more easily the transition from standardized, labor-intensive manufactures to sophisticated, skill...
Persistent link: https://www.econbiz.de/10013311892
It is commonly argued that Japanese trade protection has enabled the nurturing and development internationally competitive firms. The results in our paper suggest that when it comes to TFP growth, this view of Japan is seriously erroneous. We find that lower tariffs and higher import volumes...
Persistent link: https://www.econbiz.de/10013229057
/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