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Persistent link: https://www.econbiz.de/10011670793
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recommendations for China. The simulations highlight the importance of the criteria being used for determining speed and sequencing …
Persistent link: https://www.econbiz.de/10014401153
China''s sectoral trade composition, product quality mix, and import content of processing exports have all changed … very wide. All this suggests greater caution in using historical data to simulate the response of the China''s economy to … external shocks and exchange rate changes. Analyses based on models whose estimated coefficients largely reflect the China of …
Persistent link: https://www.econbiz.de/10014401157
Major mining commodity prices are inherently volatile and cyclical. High levels of investment in China have been a key … China has been an important factor behind the increase in domestic demand and high investment growth, while its export …, in the second part of this decade economic growth in China could slow down. For Latin American countries, export receipts …
Persistent link: https://www.econbiz.de/10014401221
discussion of the rationale for decentralization, the paper describes the main structural and economic developments in China in …
Persistent link: https://www.econbiz.de/10014401270
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
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
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
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