Showing 1 - 10 of 11
Weak institutions ought to deter foreign direction investment (FDI), and mass media stories highlight China …'s institutional deficiencies, yet China is now one of the world's largest FDI destinations. This incongruity characterizes China …'s paradoxical growth. Cross-country regressions show that China's FDI inflow is not exceptionally large, given the quality of its …
Persistent link: https://www.econbiz.de/10012465214
Housing and land prices in China have experienced dramatic hikes over the past decade or two. Moreover, housing and …
Persistent link: https://www.econbiz.de/10012481813
High and rising prices in Chinese housing markets have attracted global attention, as well as the interest of the Chinese government and its regulators. Housing markets look very risky based on the stylized facts we document. Price-to-rent ratios in Beijing and seven other large markets across...
Persistent link: https://www.econbiz.de/10012462467
Using a sample of households in 48 Chinese villages for the period 1986-2002, this paper studies the dynamic effects of major health shocks on household income and the role played by village elections in mitigating these effects. Our results show that in the first 15 years after a shock, a...
Persistent link: https://www.econbiz.de/10012465975
Entertainment and Travel Costs (ETC) is a standard expenditure item for Chinese firms with an annual amount equal to about 20 percent of total wage bills. We use this objective accounting measure as a basis to analyze the composition of ETC and the effect of ETC on firm performance. We rely on...
Persistent link: https://www.econbiz.de/10012467085
(4)There are no official data on residential vacancy rates in China, but some researchers have reported very high …
Persistent link: https://www.econbiz.de/10012457322
reason for this stark difference appears to be that some of the most dominant firms in China are state-owned enterprises …
Persistent link: https://www.econbiz.de/10012459899
In generating fast economic growth, China is also generating growing concern about its environmental record. Using 2000 …
Persistent link: https://www.econbiz.de/10012459907
We provide the first multi-city, constant quality land price index for 35 major markets in China. While there is …We also investigate the quality of the two most prominent house price indexes in China, and conclude that a traditional … hedonic index more accurately reflects how house prices have changed over time in eight major markets in China. Repeat sales …
Persistent link: https://www.econbiz.de/10012460257
, China's stimulus boosted real GDP growth from an annualized 6.2% in the first quarter of 2009 trough to 11.9% in the first … speed and efficacy of China's stimulus derives from state control over its banking system and corporate sector. Beijing …, fueling a real estate bubble; and that China's seemingly highly effective macroeconomic stimulus package may well have induced …
Persistent link: https://www.econbiz.de/10012461787