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Relaxing Migration Constraints for Rural Households

Kinnan, Cynthia - 2015

This paper exploits two unique features of China's history to study the effects of access to internal migration: reforms to the household registration (hukou) system, and historical migration flows. We show that temporary migration due to a government policy called the "sent-down youth" (SDY)...

Persistent link: https://www.econbiz.de/10012457353

An Economic Perspective on Mexico's Nascent Deregulation of Retail Petroleum Markets

Davis, Lucas W. - 2018

Retail petroleum markets in Mexico are on the cusp of a historic deregulation. For decades, all 11,000 gasoline … gasoline and diesel. In this paper, we provide an economic perspective on Mexico's nascent deregulation. Although in many ways …, but the deregulation has enormous potential to increase efficiency and, eventually, to reduce prices …

Persistent link: https://www.econbiz.de/10012453169

A Liberalization Spillover : From Equities to Loans

Liu, Xin - 2020

The opening of equity markets to foreign investment appears to generate an enormously large positive growth effect (see Bekaert, Harvey, and Lundblad, 2005) in spite of a relatively small role of such markets for financing investment in most economies. We propose a possible spillover channel...

Persistent link: https://www.econbiz.de/10012481499

When Does Capital Account Liberalization Help More than It Hurts?

Arteta, Carlos - 2001

In this paper we reconsider the evidence on capital account liberalization and growth. While we find indications of a positive association, the effects vary with time, with how capital account liberalization is measured, and with how the relationship is estimated. The evidence that the effects...

Persistent link: https://www.econbiz.de/10012470268

Trade versus Investment Liberalization

Markusen, James R. - 1997

Despite several theoretical contributions and considerable informal empirical evidence" to the contrary, a notion that trade and investment are substitutes persists in trade policy" analysis. This paper considers the liberalization of commodity trade versus liberalization" allowing direct...

Persistent link: https://www.econbiz.de/10012472580

From Beijing to Bentonville : Do Multinational Retailers Link Markets?

Head, Keith - 2010

Each of the world's largest retailers---Walmart, Carrefour, Tesco, and Metro---entered China after 1995. Their …

Persistent link: https://www.econbiz.de/10012462369

E-commerce During Covid : Stylized Facts from 47 Economies

Alcedo, Joel - 2022

We study e-commerce across 47 economies and 26 industries during the COVID-19 pandemic using aggregated and anonymized transaction-level data from Mastercard, scaled to represent total consumer spending. The share of online transactions in total consumption increased more in economies with...

Persistent link: https://www.econbiz.de/10012938698

Global Rebalancing with Gravity : Measuring the Burden of Adjustment

Dekle, Robert - 2008

. At the extreme, US GDP falls by 30 percent relative to the world's. Because of the pervasiveness of nontraded goods …

Persistent link: https://www.econbiz.de/10012464800

Rare Disasters, Asset Prices, and Welfare Costs

Barro, Robert J. - 2007

A representative-consumer model with Epstein-Zin-Weil preferences and i.i.d. shocks, including rare disasters, accords with key asset-pricing observations. If the coefficient of relative risk aversion equals 3-4, the model accords with observed equity premia and risk-free real interest rates. If...

Persistent link: https://www.econbiz.de/10012464956

Growth Volatility and Financial Liberalization

Bekaert, Geert - 2004

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/10012468133

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