effects on domestic consumption. Such effects may not be accurately detected and measured in a classical permanent …-income model without considering consumption habit formation as pointed out by Nishiyama (2005). To resolve this problem, this … paper employs an extended permanent-income model which encompasses consumption habit formation. Both cointegration analysis …

the consumption of energy, raw materials, and electricity. In 2010, China's GDP was approximately 40 percent of the United …China is now the world's second largest economy, and it is expected to overtake the United States to become the largest … by 2020. What are the implications for the global environment and climate change if China surpasses the United States …

As China has rapidly emerged as one of the world’s largest investors abroad, there has been a hectic debate in the … whether this is the case. The study uses a panel dataset covering 155 countries, including 33 in the OECD, where China had … invested during 2003-09. This is by far the most comprehensive dataset of China’s outward foreign direct investment (OFDI). A …

effects on domestic consumption. Such effects may not be accurately detected and measured in a classical permanent …-income model without considering consumption habit formation as pointed out by Nishiyama (2005). To resolve this problem, this … paper employs an extended permanent-income model which encompasses consumption habit formation. Both cointegration analysis …

This paper investigates the dynamic and long-run relationships between monetary policy and asset prices in China using … traditions, urbanization and demographic changes. The results have two important policy implications. First, China’s central bank …

As China has rapidly emerged as one of the world's largest investors abroad, there has been a hectic debate in the … whether this is the case. The study uses a panel dataset covering 155 countries, including 33 in the OECD, where China had … invested during 2003–09. This is by far the most comprehensive dataset of China's outward foreign direct investment (OFDI). A …

Since China joined the WTO in 2001, the pressure for bank reforms has mounted as China ought to fully open up its … foreign competition can solve China's banking problem remains to be tested. This paper aims to answer this question through …