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Chen, Xilu; Pei, Guangyu; Song, Zheng Michael; … - National Bureau of Economic Research - 2022

We document a process of rapid tertiarization of the Chinese economy since 2005. The employment and value-added shares of the service sector have increased significantly. Moreover, total factor productivity growth has increased faster in the service sector than in the manufacturing sector....

Persistent link: https://www.econbiz.de/10013334489

Creating and Connecting US and China Science : Chinese Diaspora and Returnee Researchers

Xie, Qingnan; Freeman, Richard B. - National Bureau of Economic Research - 2023

The close connection between US and China in scientific research and education in the 2000s produced a large group of … China-born researchers who work in the US ("diaspora") and a larger group of China-born researchers who gained US …-research experience and returned to do their research in China ("returnee"). Analyzing 2018 Scopus data on research papers, we estimate …

Persistent link: https://www.econbiz.de/10014322694

Entrepreneurship in China's Structural Transitions : Network Expansion and Overhang

Dai, Ruochen; Mookherjee, Dilip; Munshi, Kaivan; Zhang, … - National Bureau of Economic Research - 2023

production and the subsequent transition to higher value exporting in China. Using data covering the universe of registered firms …

Persistent link: https://www.econbiz.de/10014322864

Sectoral Development Multipliers

Buera, Francisco; Trachter, Nicholas - National Bureau of Economic Research - 2024

How should industrial policies be directed to reduce distortions and foster economic development? We study this question in a multi-sector model with technology adoption, where the production of goods and modern technologies features rich network structures. We provide simple formulas for the...

Persistent link: https://www.econbiz.de/10014512084

International Trade and Macroeconomic Dynamics with Sanctions

Ghironi, Fabio; Kim, Daisoon; Ozhan, G. Kemal - National Bureau of Economic Research - 2024

We study international trade and macroeconomic dynamics triggered by the imposition of sanctions. We begin with a tractable two-country model where Home and Foreign countries have comparative advantages in production of differentiated consumption goods and a commodity (e.g., gas), respectively....

Persistent link: https://www.econbiz.de/10014512042

The Global Dollar Cycle

Obstfeld, Maurice; Zhou, Haonan - National Bureau of Economic Research - 2023

The U.S. dollar's nominal effective exchange rate closely tracks global financial conditions, which themselves show a cyclical pattern. Over that cycle, world asset prices, leverage, and capital flows move in concert with global growth, especially influencing the fortunes of emerging and...

Persistent link: https://www.econbiz.de/10014247924

An International Comparison of Employment Adjustment to Exchange Rate Fluctuations

Burgess, Simon - 1996

This paper evaluates the response of employment to exchange rate shocks at the industry level for the G-7 countries. Using a simple empirical framework that places little a priori structure on the pattern of response to shocks, we find the data are consistent with the view that employment in...

Persistent link: https://www.econbiz.de/10012472967

Terms of Trade Disturbances, Real Exchange Rates and Welfare : The Role of Capital Controls and Labor Market Distortions

Edwards, Sebastian - 1989

Many arguments that have been advanced in favor of maintaining capital control within the EEC have not paid sufficient attention to the welfare consequences of this type of market intervention. Our paper provides a simple, optimizing framework in which the welfare consequences of capital...

Persistent link: https://www.econbiz.de/10012476147

China's Current Account and Exchange Rate

Cheung, Yin-Wong - 2009

manufacturing capital stock is accounted for. Thus, the China-US trade balance should respond to real exchange rate and relative …

Persistent link: https://www.econbiz.de/10012463974

Pitfalls in Measuring Exchange Rate Misalignment : The Yuan and Other Currencies

Cheung, Yin-Wong - 2008

We evaluate whether the Renminbi (RMB) is misaligned, relying upon conventional statistical methods of inference. A framework built around the relationship between relative price and relative output levels is used. We find that, once sampling uncertainty and serial correlation are accounted for,...

Persistent link: https://www.econbiz.de/10012464479

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