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Will the coming global economic depression impede the amazing expansion of China? Facing Sub-prime Crisis, what is the optimal action against external shock? In this paper, we use bounds test approach examining the role of five macroeconomic variables including Bank Credit, Fiscal Expenditure,...
Persistent link: https://www.econbiz.de/10013103555
The Chinese economy has recently experienced a rapid and fundamental transformation, and the public expenditure on agriculture has also changed to reflect shifts in policy priorities. This paper reviewed public agricultural expenditure in a comprehensive way using detailed expenditure data at...
Persistent link: https://www.econbiz.de/10013030953
China's Industrial Transfer Policy (ITP) is a novel place-based development policy of unprecedented scale. The policy targets a set of inland cities aiming to i) grow them in size and ii) restructure them into manufacturing hubs. These cities would eventually relieve pressure in China's coastal...
Persistent link: https://www.econbiz.de/10014547705
This article consists in three parts. The first part deals with theory. We evaluate the pros and cons of government involvement in urban housing and of renting versus ownership. In the second part, we summarize the different housing policies that have been implemented in the United States,...
Persistent link: https://www.econbiz.de/10010320374
This article consists in three parts. The first part deals with theory. We evaluate the pros and cons of government involvement in urban housing and of renting versus ownership. In the second part, we summarize the different housing policies that have been implemented in the United States,...
Persistent link: https://www.econbiz.de/10003937166
This paper uses the Shapley Value decomposition technique to assess the factors behind the rise of inequality in China. It finds that, in many ways, inequality may have been an inevitable by-product of China's investment and export-led growth model. Between Chinese households, we find that the...
Persistent link: https://www.econbiz.de/10013075546
Decentralised economic development initiatives empowering local governments have gained currency in both developed and developing contexts. The empowerment of county governments in China is a case in point. This study uses difference-in-differences (DID) and the fixed-effects model with panel...
Persistent link: https://www.econbiz.de/10012851963
The Great Recession was characterized by two related phenomena: (i) a jobless recovery and (ii) a permanent drop in aggregate output. Data show that the United States, Europe, and even countries with lesser ties to the international financial system have suffered large permanent losses in...
Persistent link: https://www.econbiz.de/10013057359
China weathered the global financial crisis better than most, thanks to a large and timely stimulus. This stimulus, however, was mainly in the form of off-budget infrastructure spending and thus not visible in the headline fiscal data. We construct a time series for the augmented fiscal deficit...
Persistent link: https://www.econbiz.de/10013059091
This paper investigates the empirical characteristics of income inequality in China and a panel of BRIC countries over the period 1980–2013, with a focus on the redistributive contribution of fiscal policy. Using instrumental variable techniques to deal with potential endogeneity, we find...
Persistent link: https://www.econbiz.de/10013023277