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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/10003943696
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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/10009272046
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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 episodesʺ 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/10003855051
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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/10003854765
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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/10003855040
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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/10003855335
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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/10008699186