In the last decade China’s trade with Africa increased faster than its overall foreign trade. This paper focuses on the role of real exchange rates in this growth. A “bilateral real exchange rate” augmented trade gravity model applied to China’s trade with 49 African countries over the...

Financial development may lead to productivity improvement in developing countries. In this paper, based on the Data Envelopment Analysis (DEA) approach, we use the Malmquist index to measure China’s total factor productivity change and its two components (i.e., efficiency change and technical...

Cet article cherche tout d'abord à mettre en évidence l'existence d'une incitation à exporter et importer en fraude. La méthode d'analyse part d'un modèle simple, sans fraude, expliquant les exportations officielles par les taux de change officiel et libre, le taux de rétention des...

The relationship between the real exchange rate and urban/rural per capita real income disparity is modeled and applied in the case of China. Contrary to the effect usually expected, the model predicts that the real depreciation of the Chinese currency during the 1978-94 period may have raised...

The transition of China towards a market economy was accompanied by a vast fiscal decentralisation movement. Econometric analysis of the determinants of budgetary and extra-budgetary expenditure of the provinces does not permit us to reject the hypothesis that the provinces observe a similar...

The Balassa-Samuelson effect is employed to explain the observed differences in inflation between the Chinese provinces. A three-good model is proposed to better take account of the specific features of China. This model which includes, besides Balassa-Samuelson effect, demand side factors, is...

This article investigates the impact that the real exchange rate appreciation in China has exerted on productivity growth since 1994. We remind the arguments explaining a positive or a negative impact of a real appreciation on efficiency and on technical progress. DEA Malmquist indices of...

This article investigates the impact that the appreciation and the stability of the real exchange rate in China between 1993 and 2001 have exerted on productivity growth. We give theoretical arguments explaining the impact of the real exchange rate on productivity via its effects either on...