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Toward More Effective Redistribution : Reform Options for Intergovernmental Transfers in China

International Monetary Fund - 2004

Full implementation of an intergovernmental transfer system based on revenue capacities and expenditure needs could significantly improve both redistribution and equity objectives of the Chinese authorities. This was envisaged in the 1994 fiscal reforms, but the authorities were unable to...

Persistent link: https://www.econbiz.de/10014401323

Can China Grow Faster? : A Diagnosison the Fragmentation of the Domestic Capital Market

Wei, Shang-Jin - 2004

This paper examines possible segmentation of the internal capital market in China. We employ two standard tools from … similar (and somewhat surprising) picture: capital mobility within China is low! Furthermore, the degree of internal financial …

Persistent link: https://www.econbiz.de/10014401325

Growth-Financial Intermediation Nexus in China

Aziz, Jahangir - 2002

This paper studies the relationship between economic growth and financial development in China during the post-1978 … find that while a positive correlation between growth and financial intermediation exists in China, the association is more … apparent than real. The nonstate sector, which contributed most to China''s remarkable growth during this period, did not use …

Persistent link: https://www.econbiz.de/10014401495

A Real Model of Transitional Growth and Competitiveness in China

Lipschitz, Leslie - 2008

We present a stylized real model of the Chinese economy with the objective of explaining two features: (1) domestic production is highly competitive in the sense that an accumulation of capital that raises the marginal product of labor elicits increases in employment and output rather than only...

Persistent link: https://www.econbiz.de/10014401525

An Attempt to Profile the Finances of China's Enterprise Sector

Karacadag, Cem - 2001

This paper examines the leverage, efficiency, and debt-repayment capacity of the Chinese enterprise sector using aggregate and firm level data. The cash coverage of interest expense, in particular, is used as a bridge between enterprise finances and banks'' asset quality in order to develop...

Persistent link: https://www.econbiz.de/10014401604

Recentralization in China?

Ahmad, Ehtisham - 2002

The paper assesses the changing nature of the relations between the provinces and the central government in China …

Persistent link: https://www.econbiz.de/10014401610

Broad Money Demand and Asset Substitution in China

Wu, Ge - 2009

Recent changes to China''s financial system, in particular ongoing interest rate liberalization, gradual movement …

Persistent link: https://www.econbiz.de/10014401760

Why Are Saving Rates of Urban Households in China Rising?

Chamon, Marcos - 2008

From 1995 to 2005, the average urban household saving rate in China rose by 7 percentage points, to 1⁄4 of disposable …

Persistent link: https://www.econbiz.de/10014401821

Real and Financial Sector Linkages in China and India

Aziz, Jahangir - 2008

explaining China''s and India''s growth. Specific financial sector policies are shown to map well the size and changes in the … investment wedge. In the case of China, nonperforming loans, borrowing constraints, and uncertainty over changes in government … rebalancing growth in China and sustaining high investment rate in India, further financial sector reforms could turn out to be …

Persistent link: https://www.econbiz.de/10014401864

Hong Kong SAR Economic Integration with the Pearl River Delta

Unteroberdoerster, Olaf - 2008

Hong Kong SAR''s economic integration with the Mainland has primarily taken place in the Pearl River Delta (PRD). Taking stock of integration trends, this paper discusses key implications for ensuring economic benefits of further integration are sustained and associated costs minimized. Besides...

Persistent link: https://www.econbiz.de/10014401985