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busts, and analyses equity market reforms and excess liquidity as potential drivers of these stock price misalignments. Our … can be identified. Policy actions, either taking the form of deposit rate changes, equity market reforms or excess …
Persistent link: https://www.econbiz.de/10011605236
). Coincident with the deepening of economic reforms, Hukou has gradually been relaxed since the 1980s, helping to explain an …
Persistent link: https://www.econbiz.de/10010271276
China has been experiencing two major demographic sea changes since the late 1970s: (i) Internal migration, primarily rural-to-urban, on a scale that dwarfs all other countries at any time in history; and (ii) a shift in its age distribution. The basic question posed in this paper is: How are...
Persistent link: https://www.econbiz.de/10010272681
For much of human history, most individuals have lacked economic freedom and opportunity, condemning them to poverty and deprivation. Today, we live in the most prosperous time in human history. Poverty, sicknesses, and ignorance are receding throughout the world, due in large part to the...
Persistent link: https://www.econbiz.de/10011335873
busts, and analyses equity market reforms and excess liquidity as potential drivers of these stock price misalignments. Our … can be identified. Policy actions, either taking the form of deposit rate changes, equity market reforms or excess …
Persistent link: https://www.econbiz.de/10012530306
Through the introduction of a comparative party-state model, I will first demonstrate that due to specific structural and dynamic constraints, the capacity of party-states to learn is both limited and uneven. Differences in the room for manoeuvre are defined by structural and dynamic specifics...
Persistent link: https://www.econbiz.de/10010494312
of reforms in the self-reproduction of both party-states. We shall demonstrate how different patterns of power … distribution lead to the implementation of different reforms. We shall describe how these different reforms have created the … Hungarian "Goulash communism" and the "Chinese style" reforms. We shall also explain the conditions that have lead "Goulash …
Persistent link: https://www.econbiz.de/10010494393
political reforms pursued by the two countries. The paper also outlines the outstanding reforms and the bottlenecks that could …
Persistent link: https://www.econbiz.de/10010280165
Persistent link: https://www.econbiz.de/10009687962
Persistent link: https://www.econbiz.de/10010247809