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Although knowledge spillovers are at the core of the innovation policy’s justification, they have never been properly measured by any impact evaluation. This paper fills this gap by estimating the spillover effects of the FONTAR program in Argentina. We use an employer-employee matched panel...
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For many analysts, the Chinese economy is spurred by a bubble in the housing market, probably driven by the fiscal stimulus package and massive credit expansion, with possible adverse effects to the real economy. For example, the stock of loans increased by more than 50 percent since the end of...
Persistent link: https://www.econbiz.de/10011550681
economy. -- Chinese economy ; panel cointegration ; house price bubbles …
Persistent link: https://www.econbiz.de/10008748352
. -- Chinese economy ; panel cointegration ; house price bubbles …
Persistent link: https://www.econbiz.de/10009272600
Hong Kong, China's housing market witnessed dramatic appreciations recently, with the price index for private domestic …, we find that changes in housing price index reinforce price trends in the long term. Hong Kong, China's dollar … quantitative easing, and the gross domestic product of the People's Republic of China (PRC) are positively related to housing …
Persistent link: https://www.econbiz.de/10012007579
In order to deal with the rampant increase in housing prices, the Government of the People's Republic of China … implemented the home purchase restriction (HPR) policy to curb speculation and prevent housing bubbles. This policy triggered an …
Persistent link: https://www.econbiz.de/10011811843
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We explore the impact of economic policy uncertainty exposure (hereafter, EPU exposure) on stock price bubbles. We fnd … that there exists a signifcantly positive relationship between EPU exposure and stock price bubbles. This result is still … signifcant after a series of robustness checks. Moreover, the relationship between EPU exposure and bubbles is due to retail …
Persistent link: https://www.econbiz.de/10013309128