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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...
Persistent link: https://www.econbiz.de/10005016501
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...
Persistent link: https://www.econbiz.de/10005016506
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...
Persistent link: https://www.econbiz.de/10005016508
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...
Persistent link: https://www.econbiz.de/10005016550
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...
Persistent link: https://www.econbiz.de/10005016553
Revealed comparative advantage indices are calculated for China (1980-2000 period) and the Chinese provinces (1990-1998 period) and then incorporated into a reduced form export equation. The results of China’s export patterns show that China has moved from a heavy industry-oriented development...
Persistent link: https://www.econbiz.de/10005016603
L'article montre comment les modalités de la politique de change, dans sa double dimension (réglementation des opérations et taux de change), contribue à expliquer la forte dépréciation réelle de la monnaie. Il se fonde sur un modèle explicatif du taux de change réel qui intègre, à...
Persistent link: https://www.econbiz.de/10005016605
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...
Persistent link: https://www.econbiz.de/10005016614
A bilateral export demand function is developed to study the effects on the Chinese bilateral exports of three real exchange rates, corresponding respectively to the price-competitiveness of Chinese products on the market of the considered import country (traditional effect), on China’s other...
Persistent link: https://www.econbiz.de/10005350063
This article investigates the different effects that primary education, secondary education and university education exert on total factor productivity growth and its two components. Firstly, we give the theoretical arguments explaining these effects. Then, for the twenty-nine Chinese provinces...
Persistent link: https://www.econbiz.de/10005350068