In an analytically tractable model of the global economy, we calculate the Pareto improvement where a country experiencing a favourable supply side shock consumes more against expected future output and spreads the risk by selling shares. With capital inflows to finance the ‘New Economy’...

This paper proposes an integrated framework to analyze jointly two key issues: the emergence of global imbalances and the precautionary motive for accumulating reserves. Standard models of general equilibrium would predict modest current account surpluses in the emerging markets if they face...

Policy debates about the balance of vocational and general education programs focus on the school-to-work transition. But with rapid technological change, gains in youth employment from vocational education may be offset by less adaptability and thus diminished employment later in life. To test...

Policy debates about the balance of vocational and general education programs focus on the school-to-work transition. But with rapid technological change, gains in youth employment from vocational education may be offset by less adaptability and thus diminished employment later in life. To test...

Policy debates about the balance of vocational and general education programs focus on the school-to-work transition. But with rapid technological change, gains in youth employment from vocational education may be offset by less adaptability and thus diminished employment later in life. To test...

Sowohl in der Politik als auch in der bisherigen Forschung wird betont, dass berufsspezifische Ausbildungen einen Vorteil gegenüber allgemeinen Bildungsgängen haben, indem sie jungen Leuten den Übergang vom Bildungs- ins Berufssystem erleichtern. Eric A. Hanushek, Stanford University, Ludger...

[Objective:] HIV testing is mandatory in re-education-through-labour camps (laojiaosuo) in China yet no studies have reported on the process. [Methods:] The survey response rate was 100% although 29 detainees were excluded because they were under 18 years of age. A cross-sectional face-to-face...

Traditional steam methane reforming facilities for producing hydrogen not only consume a large amount of natural gas, but also emit a lot of greenhouse gas. Considering the utilization of clean energy, the reduction of carbon dioxide emission, and the production of chemicals, this paper...

[Background:] There is currently no information about the prevalence of, and factors contributing to psychological distress experienced by re-education through labour camp detainees in China. [Methods:] A cross-sectional face-to-face survey was conducted in three labour camps in Guangxi, China....

When there is high information asymmetry between directors and managers, independent directors do not have enough information to perform their functions. Only when faced with a good internal information environment can such directors acquire enough information to provide advice and monitor...