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In the export-base model, the level of a region’s economic activity is underpinned by the performance of its export sector (Daly, 1940; Dixon and Thirlwall, 1975; Kaldor, 1970; North, 1955). This theory is now almost universally represented as a primitive version of the familiar Input-Output (IO) or...
Persistent link: https://www.econbiz.de/10010553593
Existing empirical evidence suggests that the Uncovered Interest Rate Parity (UIRP) condition may not hold due to an exchange risk premium. For a panel data set of eleven emerging European economies we decompose this exchange risk premium into an idiosyncratic (country-specific) elements and a...
Persistent link: https://www.econbiz.de/10010877133
We study the impact of both microeconomic factors and the macroeconomy on the financial distress of Chinese listed companies over a period of massive economic transition, 1995 to 2006. Based on an economic model of financial distress under the institutional setting of state protection against...
Persistent link: https://www.econbiz.de/10010553628
for mainland China. In a stochastic modelling framework, the riskiness, rate of increase and persistence of house price …
Persistent link: https://www.econbiz.de/10010877108
In January 2008, China imposed a new labour contract law. This new law is the most significant reform to the law of … employment relations in mainland China in more than a decade. The paper provides a theoretical framework on the inter …
Persistent link: https://www.econbiz.de/10010552431
This paper attempts to address a puzzle in China’s investment pattern: despite high aggregate investment and remarkable …
Persistent link: https://www.econbiz.de/10010553641
regions, we find that corporate investment in China has become increasingly efficient over time. However, based on direct … explanation for China‟s overinvestment, especially for the private sector, while in the state sector, overinvestment is …
Persistent link: https://www.econbiz.de/10010553661
This paper investigates the extent of disparities amongst the provinces of China since the economic reform in 1978 up … empirical literature on regional inequality in China it investigates whether or not the dynamic economic growth in China has …
Persistent link: https://www.econbiz.de/10010553668
-labour ratios across countries have increased in the wake of two shocks to the global economy: i) the opening up of China and ii …
Persistent link: https://www.econbiz.de/10010722651
This paper addresses the challenges facing China in accelerating the pace of rural-urban migration as part of its on … lessons for China are offered from the different urbanisation experiences of Latin America (especially Colombia) and Singapore. …
Persistent link: https://www.econbiz.de/10011075709