Showing 1 - 10 of 409
rigorous and systematic research in the evaluation of out-of-sample modelbased forecasts of China's real gross domestic product … scenarios. It predicts that China's future GDP growth will be of an L-shape rather than a U-shape. …
Persistent link: https://www.econbiz.de/10011776817
This paper reproduces Lucas's analysis of the costs of business cycles in an economy with a low probability, crash state in consumption growth. For reasonable parameter values, it is shown that the presence of a crash state dramatically increases the costs ofconsumption volatility. Specifically,...
Persistent link: https://www.econbiz.de/10010266389
This paper traces the rise of export-led growth as a development paradigm and argues that it is exhausted owing to changed conditions in emerging market (EM) and developed economies. The global economy needs a recalibration that facilitates a new paradigm of domestic demand-led growth....
Persistent link: https://www.econbiz.de/10010333045
With a large pool of engineers and scientists, the presence of over 9300 technology-based startups and its strengths in exports of information technology/information technology-enabled services (IT/ITeS), India is uniquely placed to become a global technology and innovation hub. Yet there is a...
Persistent link: https://www.econbiz.de/10012625356
While the traditional approach to the adjustment of international imbalances assumes industrialized countries at a similar level of development and with similar production structures, such imbalances have historically been the result of a process of catching up by late-industrializing developing...
Persistent link: https://www.econbiz.de/10010266490
Persistent link: https://www.econbiz.de/10011807561
China has virtually dominated the trade scene in nearly all manufacturing sectors, this study also looks at the tripartite … dynamics of trade in pharmaceutical items among India, Pakistan and China. An analysis of the China-Pakistan and the South Asia … Free Trade Area Agreements reveals that while Pakistan does not give any favourable treatment to China in items on Pakistan …
Persistent link: https://www.econbiz.de/10011807681
intermediate goods imported into China. With this new method, we measure Chinese vertical specialization over time, and by sector …, export destination, and input source. We find about 35 percent of the value of China's exports to the world is attributable …
Persistent link: https://www.econbiz.de/10010285312
trade with the new emerging economy (EME) powerhouse that is China. In this article, we pay closer attention to the South … China, placing them in a precarious situation of dependency on low-complexity commodities. Utilising the theoretical … framework of economic complexity, we thoroughly assess this asymmetric relationship between SAC and China. Causal linkages are …
Persistent link: https://www.econbiz.de/10015084750
A dynamic general equilibrium model that generalises Roemer's [23] economy with a global capital market is analysed. An axiomatic analysis of the concept of unequal exchange (UE) between countries is developed at general dynamic equilibria. The class of UE definitions that satisfy three...
Persistent link: https://www.econbiz.de/10011788893