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This paper aims to examine the impacts of oil-price shocks on China's price levels. To that end, we develop a partial …-through mechanism during oil-price shocks. Using the models of both China and the U.S., we separate the impact of price control from … those of other factors leading to China's price stickiness under oil-price shocks. The results show a sharp contrast between …
Persistent link: https://www.econbiz.de/10010279509
Since China's reform and opening up, the urban economy has substantially developed, and the nation's urbanization … process has advanced to gradually enter a "new normal" phase. In this process, China's population and industries continue to … urbanization and environmental pollution in China. Further, urbanization increasingly promotes environmental pollution with an …
Persistent link: https://www.econbiz.de/10012652375
large agribusinesses in the People's Republic of China, this paper intends to reveal how these reports are used to respond … the differences in the two sets of reports are tightly linked to the broader social and institutional settings in China. …
Persistent link: https://www.econbiz.de/10012217615
Industrial sectors producing income-elastic products can grow rapidly but are highly vulnerable to fluctuations in the world economy. Policymakers need to take into account this trade-off between output and employment growth over the longer term and volatility in the short to medium term. We...
Persistent link: https://www.econbiz.de/10010293838
We explore the link between international stock market comovement and the degree to which firms operate globally. Using stock returns and balance sheet data for companies in 20 countries, we estimate a factor model that decomposes stock returns into global, country-specific and industry-specific...
Persistent link: https://www.econbiz.de/10010295679
It is often assumed that recent success in the high-technology software industry will lead India's development. However, evidence suggests that basic manufacturing industry is stagnant. This paper proposes a mechanism that ties these two trends together. A big-push type of model, featuring...
Persistent link: https://www.econbiz.de/10010321626
The influence of industrial structure, more specifically of business ownership, is investigated on the level of unemployment in Japan. The question is to what extent business ownership, i.e., entrepreneurship, can reduce the level of unemployment. It will be concluded that Japan is hardly an...
Persistent link: https://www.econbiz.de/10010325346
Unless free international lending/borrowing is allowed, domestic saving equals domestic investment and hence saving and investment taxes have the identical effect, as is the case in a closed-economy context. However, if it is allowed, households can accumulate foreign assets besides domestic...
Persistent link: https://www.econbiz.de/10010332219
In this paper it is argued that the size distribution of firms may largely be determined by institutional factors. This hypothesis is tested in an exploratory fashion by studying the evolution of the size distribution of firms over time in Sweden for a period spanning from the late 1960s to the...
Persistent link: https://www.econbiz.de/10010334831
Persistent link: https://www.econbiz.de/10010334875