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This paper empirically analyzes the political, institutional and economic sources of public deficit volatility. Using the system-GMM estimator for linear dynamic panel data models and a sample of 125 countries analyzed from 1980 to 2006, we show that higher public deficit volatility is typically...
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'resilient authoritarianism' and that China either will experience a political and social collapse or move towards a democratic …
Persistent link: https://www.econbiz.de/10012142439
We analyze and compare the pattern of economic growth and development of China and South Korea in the postwar period … potentially valuable lessons for China. The Asian giant moved from low income to middle income very quickly but now faces the … challenge of graduating to high income. In this paper, we empirically assess the main drivers of economic growth in China and …
Persistent link: https://www.econbiz.de/10012196403
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Income inequality in China is severe; measured by the Gini-coefficient it amounted to 0.46 in 2011; wealth distribution … change from "nation" to "people" indicates that the political decision-makers in China accepted the aim of a fair income …
Persistent link: https://www.econbiz.de/10011422231
In recent years, some developing Asian countries claim to have started shifting emphasis from export-led to domestic-demand-led growth policies with a view to achieving a more balanced growth strategy. This paper evaluates empirically how far this shift has gone. The evaluation - based on an...
Persistent link: https://www.econbiz.de/10010507192
competitive devaluations. The sheer size of China, and its lower sterilization costs suggests that China may be the winner of a … and precautionary motives in the context of China may be challenged by a version of the peso problem; Hoarding …
Persistent link: https://www.econbiz.de/10010285334
China's rapid growth and success in poverty reduction over the last three decades has inspired world-wide admiration … are then further analyzed using a trade-theoretic approach. Other aspects of China's investment- and export-led growth … strategy are discussed along with the problems that the focused pursuit of such a strategy has raised. We conclude that China …
Persistent link: https://www.econbiz.de/10010287888