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Although LEEs are meant to be self-sustaining, if not revenue-generating units, many of them actually incur losses on a continuing basis. Current practice in many LGUs does not engender a clear appreciation of the true cost of the local economic enterprise. COA has documented many cases where...
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We model provincial inflation in China during the reform period. In particular, we are interested in the ability of the … hybrid New Keynesian Phillips Curve (NKPC) to capture the inflation process at the provincial level. The study highlights … differences in inflation formation and shows that the NKPC provides a reasonable description of the inflation process only for the …
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import prices only to a small extent, it may have a substantial impact on inflation, as it exerts a sizeable impact on the …
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of China. In this paper we estimate the effect of deep reform (the right to hire and fire labour, buy and sell capital …
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The role of government shareholding in corporate performance is central to an understanding of China?s newly privatized …
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an optimal response of the winner's prize to the size of the contestant pool is more evident for China's listed firms … to decide on the tournament winner). Using comprehensive financial and accounting data on China's listed firms from 1998 … effort and hence improved firm performance, and that the performance effect of the winner's prize is greater for China …
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Since its inception in the early 1980s, the success of China's enterprise reforms remains hotly debated. This paper …
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