Although China agreed to abandon their use by 2001, subsidies to loss-making state owned enterprises continued through 2002. OLS and fixed effects regressions based on Chinese provincial data suggest strongly that the subsidies and annual increments in long term bank loans have stimulated the...

A little logic and a little evidence does not warrant the conclusion that the yuan should be appreciated. There has been no depreciation of the yuan in recent years to generate increases in China's exports and the total of China's and Hong Kong's exports to the U.S. has remained virtually...

1. Growth of development economics -- 2. Development and planning -- 3. Income distribution and regional development -- 4. Development and international trade -- 5. Cost-benefit analysis -- 6. Labour productivity : international differences and short-run behaviour -- 7. Value theory.

This paper analyses the usefulness as a policy tool of a physical index of radiative forcing of a greenhouse gas, the Global Warming Potential (GWP), as proposed by the Intergovernmental Panel on Climate Change. It is shown that the economic opportunity costs of an increment in radiative forcing...

Policies under consideration within the Climate Convention would impose CO2 controls on only a subset of nations. A model of economic growth and emissions, coupled to an analysis of the climate system, is used to explore the consequences of a sample proposal of this type. The results show how...

Regression analysis is used to tease out the relative significance of influences on the supply and demand for the exports of China and India. On the supply side, the value-added tax in China has discouraged export supply. The elimination of the rebate on those taxes will discourage exports....