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Adjustment of state owned and foreign-funded enterprises in China to economic reforms, 1980s - 2007: A Logistic Smooth Transition Regression (LSTR) approach

Aizenman, Joshua; Geng, Nan - 2009

added production function of the State Owned (SOE) and Foreign-Funded Enterprises(FFE) in China, 1980s-2007. The transition … associated with the economic reforms in China is estimated applying a curvilinear logistic function, where the speed and the …

Persistent link: https://www.econbiz.de/10010287749

Adjustment of state owned and foreign-funded enterprises in China to economic reforms, 1980s - 2007: A logistic smooth transition regression (LSTR) approach

Aizenman, Joshua; Geng, Nan - 2009

added production function of the State Owned (SOE) and Foreign-Funded Enterprises (FFE) in China, 1980s-2007. The transition … associated with the economic reforms in China is estimated applying a curvilinear logistic function, where the speed and the …

Persistent link: https://www.econbiz.de/10010288155

Income inequality, tax base and sovereign spreads

Aizenman, Joshua; Jinjarak, Yothin - 2011

This note investigates the impact of greater income inequality on the tax base, on the defacto fiscal space, and the sovereign spreads. Using data from 50 countries in 2005 and in 2010, we find that higher income inequality is associated with a lower tax base, lower de-facto fiscal space, and...

Persistent link: https://www.econbiz.de/10010288151

Capital flows: Catalyst or hindrance to economic takeoffs?

Aizenman, Joshua; Sushko, Vladyslav - 2011

This paper applies a probit estimation to assess the relationship between economic takeoffs during 1950-2000 and inflows of portfolio debt, portfolio equity, and FDI, controlling for country's stock of short-term external debt and commodity terms of trade. Average level of FDI inflows is...

Persistent link: https://www.econbiz.de/10010287770

Capital flows: Catalyst or hindrance to economic takeoffs?

Aizenman, Joshua; Sushko, Vladyslav - 2011

This paper applies a probit estimation to assess the relationship between economic takeoffs during 1950- 2000 and inflows of portfolio debt, portfolio equity, and FDI, controlling for country's stock of short-term external debt and commodity terms of trade. Average level of FDI inflows is...

Persistent link: https://www.econbiz.de/10010288171

Takeoffs

Aizenman, Joshua; Spiegel, Mark - 2007

This paper identifies factors associated with takeoff - a sustained period of high growth following a period of stagnation. We examine a panel of 241 stagnation episodes" from 146 countries, 54 % of these episodes are followed by takeoffs. Countries that experience takeoffs average 2.3% annual...

Persistent link: https://www.econbiz.de/10010285304

The US as the "demander of last resort" and its implications on China's current account

Aizenman, Joshua; Jinjarak, Yothin - 2008

than 4/5 of the variation. We apply the regression results to assess China's current account over the next six years …

Persistent link: https://www.econbiz.de/10010285307

Large hoarding of international reserves and the emerging global economic architecture

Aizenman, Joshua - 2007

competitive devaluations. The sheer size of China, and its lower sterilization costs suggests that China may be the winner of a … and precautionary motives in the context of China may be challenged by a version of the peso problem; Hoarding …

Persistent link: https://www.econbiz.de/10010285334

Globalization and the sustainability of large current account imbalances: Size matters

Aizenman, Joshua; Sun, Yi - 2007

to the relative size of the countries' GDP. We conclude that the continuation of the fast growth rate of China, while …

Persistent link: https://www.econbiz.de/10010285339

Global imbalances: Is Germany the new China? A skeptical view

Aizenman, Joshua; Sengupta, Rajeswari - 2010

In this paper we evaluate the current account patterns of China and Germany. We point out that China's current account … of China, has mostly been characterized by sizable surpluses. We further find that both China and Germany's current … current account trends in future decades. Demographic transitions in China and Germany are projected to reduce their surpluses …

Persistent link: https://www.econbiz.de/10010287750