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Contradicting the conventional wisdom of constant factor shares, the portion of national income accruing to labor has been trending downward in the last three decades. This decline must have contributed to rising inequality as labor income is more evenly distributed than capital income. This...
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China has been running a large trade surplus with the rest of the world, particularly with the USA and EU. This has …, mostly focus on real exchange rate and income as determinants of China's trade imbalances. Little attention has been given to … literature by adding FDI to China's trade balance model. Fitting aggregate annual data from 1979 to 2007 to SURE (Seemingly …
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