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Comrade Chen Yun, in his recent talks on how to strengthen planned economy, raised some basic issues about economic work at present. What he said bore major significance for both theory and practice. Over the last few years we have followed the correct policy of opening up our economy to the...
Persistent link: https://www.econbiz.de/10009353311
In pursuit of the party line laid out at the Third Plenary Session of the Eleventh Congress, the party center in April 1979 called a work conference at which it brought up an eight-character policy, "adjustment, reform, restructuring, and improvement," to deal with the national economy. The...
Persistent link: https://www.econbiz.de/10008775452
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Consistent real income comparisons over time and space are critical for studies on catch-up and convergence. The paper provides an analytical framework for making real income comparisons across countries and over time that satisfy transitivity and at the same time reflect an underlying...
Persistent link: https://www.econbiz.de/10009448806
From 1992 to 2011, the total trade volume between the U.S. and China increased by 25 times, and China's share in U.S. total imports increased from 5% to 20%. However, the U.S.'s share in China's total imports dropped from 11% to 8% in the same period. In the major categories of U.S. exports to...
Persistent link: https://www.econbiz.de/10011265969
Neither simple average nor import-weighted average tariff indexes are ideal measures of tariff barriers. In this paper, we propose a generalized trade restrictiveness index (GTRI) that extends Feenstra’s (1995) tariff restrictiveness index (TRI) by relaxing the crucial assumption of a small...
Persistent link: https://www.econbiz.de/10011077637
Processing trade and foreign-invested enterprises (FIEs) account for a large share of total Chinese exports. In producing exports, they also use imported inputs disproportionately, which complicates the measurement of domestic content embedded in exports and the distribution of income generated...
Persistent link: https://www.econbiz.de/10011190833
China is believed to have gained immensely from its admission into to the World Trade Organization (WTO) in 2001. One of the direct gains comes from the lessening of deadweight loss (DWL) due to tariff reduction. Conventional measures for DWL, however, are too aggregate to capture the trade...
Persistent link: https://www.econbiz.de/10010888527
This paper considers a single container loading problem with practical constraints that address the U.S. legal requirements stipulated in the California Vehicle Code (CVC) related to truck axle weight. The problem is computationally intractable for practical problem cases. We propose an...
Persistent link: https://www.econbiz.de/10010869078