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Approaching a triumphal span: How far is China towards its Lewisian turning point?
Cai, Fang - 2008
With the aid of an analytical framework of the Lewis model revised to reflect the experience of China, this paper … China’s growth as achieved during the course of economic reform and the opening-up of the country: the exploitation of the … the approaching turning point in China’s economic development and examines a host of challenges facing the country in …
Persistent link: https://www.econbiz.de/10010284736
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Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues
Égert, Balázs; Halpern, László; MacDonald, Ronald - 2005
In this paper we present an overview of a number of issues relating to the equilibrium exchange rates of transition economies of the former soviet bloc. In particular, we present a critical overview of the various methods available for calculating equilibrium exchange rates and discuss how...
Persistent link: https://www.econbiz.de/10013370023
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Just how undervalued is the Chinese renminbi
Funke, Michael; Rahn, Jörg - 2004
Given that the value of China s currency has been hot topic recently, this paper explores the equilibrium levels of … China s real and nominal exchange rates.Employing a Johansen cointegration framework, we focus on the behavioral equilibrium …
Persistent link: https://www.econbiz.de/10012148475
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Renminbi misaligned: Results from meta-regressions
Korhonen, Iikka; Ritola, Maria - 2009
We collect data from 29 separate papers estimating the equilibrium level and possible undervaluation of the Chinese currency, the renminbi. These papers yield a total of 97 individual observations on misalignment, which we analyse with the help of meta-analysis. We find that the vast majority of...
Persistent link: https://www.econbiz.de/10012148588
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Export upgrading and growth: the prerequisite of domestic embeddedness
Poncet, Sandra; Starosta de Waldemar, Felipe - 2012
Our work contributes to the literature relating output structure and economic development by showing that growth gains from upgrading are not unconditional. Relying on data from a panel of Chinese cities, we show that the level of capabilities available to domestic firms operating in ordinary...
Persistent link: https://www.econbiz.de/10014000646
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Economic Shocks and Internal Migration
Monras, Joan - 2015
Previous literature shows that internal migration rates are strongly procyclical. This would seem to imply that geographic relocation does not help mitigate negative local economic shocks during recessions. This paper shows that this is not the case. I document that net in-migration rates...
Persistent link: https://www.econbiz.de/10010500339
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Service sector productivity and economic growth in Asia
Lee, Jong-Wha; McKibbin, Warwick J. - 2014
This paper explores the impacts of more rapid growth in labor productivity in the service sector in Asia based on an empirical general equilibrium model. The model allows for input-output linkages and capital movements across industries and economies, and consumption and investment dynamics. We...
Persistent link: https://www.econbiz.de/10011310986
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Real exchange rates in small open OECD and transition economies: comparing apples with oranges?
Égert, Balázs; Lommatzsch, Kirsten; Lahrèche-Révil, … - 2007
We find that productivity gains in tradables cause an appreciation of the real exchange rate via both tradable and nontradable prices in the CEE-5 and have no affect in the Baltic countries, while they lead to a depreciation of the real exchange rate of tradables in OECD economies that...
Persistent link: https://www.econbiz.de/10010264076
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Equilibrium exchange rates in Central and Eastern Europe: A meta-regression analysis
Égert, Balázs; Halpern, László - 2005
This paper analyses the ever-growing literature on equilibrium exchange rates in the new EU member states of Central and Eastern Europe in a quantitative manner using meta-regression analysis.The results indicate that the real misalignments reported in the literature are systematically...
Persistent link: https://www.econbiz.de/10012148487
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Equilibrium exchange rates in oil-dependent countries
Korhonen, Iikka; Juurikkala, Tuuli - 2007
We assess the determinants of equilibrium real exchange rates in a sample of oil-dependent countries.Our basic data cover OPEC countries from 1975 to 2005.We also include three oil-producing Commonwealth of Independent States (CIS) countries in our robustness analysis.Utilising several...
Persistent link: https://www.econbiz.de/10012148530