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We study the implications of financial-market imperfections on labor and capital misallocation in China. Financial … improving financial friction in China can lead to 3.9% welfare gain in China. …
Persistent link: https://www.econbiz.de/10012194241
Last century political class found out how difficult it was for a country like Colombia with such geographical obstacles and incipient technological developments available to conclude a viable and integrated transport network. Juan Bernardo Elbers a wealthy Danish migrant compromised his...
Persistent link: https://www.econbiz.de/10014191776
The political class at the turn of the century opposed to the creation of a Central Bank, responding to the argument that government credit control should not surpass what they considered a rational action. Onwards and not exempted of bloodshed the parties' political proposal included the...
Persistent link: https://www.econbiz.de/10014191777
The Colombian economy experienced during the first two decades of the present century a stage of rapid economic growth. The export sector encouraged by the coffee industry increased also domestic activity up to a point where aggregated demand traduced into the creation of a whole national...
Persistent link: https://www.econbiz.de/10014191778
-wide labor productivity. The productivity-enhancing effect of endogenous adjustments in the firm-internal allocation of workers …
Persistent link: https://www.econbiz.de/10009769234
Mexico’s structural reforms are already boosting productivity, but more can be done. This paper focuses on issues that have led to the success of the “modern” Mexico, and have led to difficulties with the “traditional” Mexico. These include the success of Global Value Chains (GVCs) in...
Persistent link: https://www.econbiz.de/10011700212
Persistent link: https://www.econbiz.de/10013381503
Persistent link: https://www.econbiz.de/10012228439
uncover the transmission mechanisms of China's monetary policy. Also we identify the cointegrating vectors to establish the … price channel. Furthermore, we discuss and explore the distribution and growth effects of China's monetary policy on China …'s real economy. In addition, we investigate the effects of China's monetary policy on China's international trade. Finally …
Persistent link: https://www.econbiz.de/10013127763
the economic history of preindustrial China in order to understand how and why it differed from that of preindustrial …
Persistent link: https://www.econbiz.de/10013135194