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We study the implications of financial-market imperfections on labor and capital misallocation in China. Financial … improving financial friction in China can lead to 3.9% welfare gain in China. …
Persistent link: https://www.econbiz.de/10012207755
Russia was in the direst straits even before the Ukraine crisis erupted on a grand scale in 2014. The sanctions imposed after the annexation of Crimea have deterred investments still further and instigated capital flight. The oil price slump of late 2014 and the related collapse of the rouble...
Persistent link: https://www.econbiz.de/10012100142
Persistent link: https://www.econbiz.de/10011689933
This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation … operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower … policy space open to China. …
Persistent link: https://www.econbiz.de/10010513080
China's merchandise trade surplus has reached an all-time high and is likely to rise further. A key driver appears to … overcapacities. China's imbalance between domestic production and consumption implies that China draws on the domestic demand of … trading partners with high trade deficits with China. As this constellation could be the source of growing trade conflicts …
Persistent link: https://www.econbiz.de/10014546051
Persistent link: https://www.econbiz.de/10011695811
Impacts of child benefits and earned incomes on child wellbeing are identified for Russia. To predict earnings, a counter-factual commodity price model is constructed using information on local industrial composition and the evolution of world prices during 1994-2015 for six key commodity...
Persistent link: https://www.econbiz.de/10011984522
The ambiguous phenomenon of corruption has long been the cause of great theoretical debate in economics. By using Structural Equation Modelling, with the two types of corruption as a latent variable, this paper employs causal and indicative variables specific to the Latin American region to test...
Persistent link: https://www.econbiz.de/10012660590
This paper appraises the likely effects of the Economic Partnership Agreement (EPA) between the East African Community (EAC) and the European Union (EU). Customs data are used to estimate the revenue and welfare effects of an EPA with and without an exception list. Revenue and welfare effects...
Persistent link: https://www.econbiz.de/10011985837
Vladimir Putin's presidency will last until 2024 – longer than most other Russian or Soviet leaders ruled. This Policy Note provides a brief review of past economic developments and reform attempts. We argue that past reforms have in effect failed yet the main economic challenges currently...
Persistent link: https://www.econbiz.de/10012100227