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The objective of this paper is to investigate which factors ] macroeconomic, policy ]related or institutional ] foster the implementation of structural reforms. To this objective, we look at episodes of structural reforms over three decades across 40 OECD and EU countries and link them to such...
Persistent link: https://www.econbiz.de/10011662947
This paper studies how the method of government debt financing affects the macroeconomic performance of the transforming Chinese economy. The investigation is conducted within the context of an endogenous growth model that incorporates the major institutional features of the Chinese economy....
Persistent link: https://www.econbiz.de/10014149337
(government) to the inside members of the firm in China and to analyze how the reform has improved performance of the state … management is transferred from bureaucrats to capitalists, which implies privatization of the state enterprises. China is already …
Persistent link: https://www.econbiz.de/10014107344
Monetization has been argued as the fifth feature in China's economic reform in addition to privatization … China. By constructing four causality relationships between interest rate and savings, money and inflation, interest rate … and a restoration in the functions of money since the late 1970s in China …
Persistent link: https://www.econbiz.de/10014110078
Faster urbanization plays a key role in the Chinese economic transformation. However, at the Lewis turning point, the hukou institution constitutes a serious risk to the process, as it restricts the access of migrants to public services offered by cities. To attract further migration, firms...
Persistent link: https://www.econbiz.de/10011636054
Faster urbanization plays a key role in the Chinese economic transformation. However, at the Lewis turning point, the hukou institution constitutes a serious risk to the process, as it restricts the access of migrants to public services offered by cities. To attract further migration, firms...
Persistent link: https://www.econbiz.de/10011641661
Persistent link: https://www.econbiz.de/10012605961
Persistent link: https://www.econbiz.de/10001573106
Persistent link: https://www.econbiz.de/10012317808
The twenty-five years after WW 2 witnessed strong labour market institutions and beneficial labour market outcomes -- high wage growth and integration of low-skilled immigrants. Then came the macro shocks of the mid 1970s. Labour market outcomes deteriorated as full-time employment population...
Persistent link: https://www.econbiz.de/10003304680