In addition to privatization, marketization, liberalization and pragmatization, monetization has been argued as the fifth feature in China's economic reform. If monetization is taken to mean a process through which variations in money supply or interest rate are to affect macroeconomic...

This article attempts to account for China's economic growth in terms of labor, capital, and total factor productivity by estimating a Cobb-Douglas production function using official Chinese data. It is an extension of Gregory C. Chow's earlier work in 1993 and has two purposes: to find out...

This article discusses some of the economic constraints facing the efficient performance of Chinese banks. While the condition of accession to the World Trade Organization (WTO) requires that banking in China will open to foreign competition by 2006, large nonperformance loans and the lack of...

The prolonged post-Asian Financial Crisis economic recession in Hong Kong requires a new analysis. By looking at the economic performance since the 1980s, this book focuses on analysing the macroeconomic intricacies facing the Hong Kong economy. The economic boom in the pre-Asian Financial...

The paper studies the causality relationship between economic openness and indigenous factors. the construction of the Openness Index and the Indigenous Index provides a measure on he extent of openness and indigenous development among world economies. the two indices are used to study their...

Semiparametric estimation shows that growth is contingent on openness, domestic performance and level of development. Economies with low degree of openness can adopt more open policies and stronger measures to achieve better domestic performance and hasten their growth

This paper examines and applies the theoretical foundation of the decomposition of economic and productivity growth to the thirty provinces in China's post-reform economy. The four attributes of economic growth are input growth, adjusted scale effect, technical progress, and efficiency growth. A...

The People's Republic of China can become an important and influential player in the world through its overseas investment to developing countries. This paper examines and compares the determinants of Chinese and U.S. direct investment around the world. We adopt the cross sectional analysis for...

This paper contributes to the globalization debate by studying the overall effect on growth of openness and indigenous factors. The empirical results show that the openness factors averagely promote growth whereas the indigeneity factors have a negative effect on growth. The conclusion is robust...