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Gross domestic product (GDP) growth in China has remained strong in 2017, exceeding market expectations. Supported by … supporting economic activity in China in 2017. Net exports contributed positively to growth for three consecutive quarters … implementation of capital controls and greater domestic market confidence, capital outflows from China declined to 47 billion US …
Persistent link: https://www.econbiz.de/10012644960
The effect of structural reforms on growth in Europe and Central Asia is assessed by looking separately at each supply-side channel: capital, labor, and productivity, with the last estimated using the stochastic frontier approach. By controlling for the interaction with the economic cycle, the...
Persistent link: https://www.econbiz.de/10012230763
The World Bank Group has come a long way in supporting structural reforms in its member countries. The most remarkable feature of its long 35 years and continuing journey has been its ability to listen, learn and adjust over time. It learnt relatively quickly that reform ownership is a necessary...
Persistent link: https://www.econbiz.de/10012644330
Barber B. Conable, President of the World Bank, discussed how in Mexico, the decade of the Eighties began with a massive increase in the size of government, its ownership and interventions, and with an unmanageable debt. By the decade's end, Mexico had launched one of the most ambitious,...
Persistent link: https://www.econbiz.de/10012248191
This paper investigates whether legal reforms intended to create a market-friendly regulatory business environment have a positive impact on economic and financial outcomes. After conducting a critical review of the legal origins literature, the authors first analyze the evolution of legal rules...
Persistent link: https://www.econbiz.de/10012248246
This paper studies Morocco's growth and employment prospects in the context of a new growth model aimed at allowing the country, in a rapidly changing international environment marked by increased competition from low-wage economies and growing automation of low-skilled jobs, to avoid falling...
Persistent link: https://www.econbiz.de/10012008118
Jim Yong Kim, President of the World Bank Group, spoke about the following: i) understand China's journey and get the … historical record right; ii) understand China's past reforms, because they are important for future reforms; iii) understanding … China's reforms is increasingly important for the rest of the world; iv) china's reform and opening up program, which was …
Persistent link: https://www.econbiz.de/10012645912
Economic conditions in China have changed dramatically over the past six months. The COVID-19 pandemic and measures … taken to contain it have triggered a combined demand and supply shock. The report projects that economic growth in China … 2021. Even as economic activity rebounds, the pace of China's poverty reduction is expected to slow, reflecting slower …
Persistent link: https://www.econbiz.de/10012647401
The objective of this working paper is to: (i) document China's business environment reform experience over the past … the remaining opportunities for business environment reforms; and (iv) share lessons learned from China's experience with …
Persistent link: https://www.econbiz.de/10012647450
Urban heating demand in Liaoning has grown rapidly, due to rising incomes, housing sector growth, and privatization of housing. During the past decade, demand increased at an annual growth rate of 14 percent. Heating supply has been unable to keep pace with this surging demand. Small coal-fired...
Persistent link: https://www.econbiz.de/10012247157