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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
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
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
Recent changes to China''s financial system, in particular ongoing interest rate liberalization, gradual movement …
Persistent link: https://www.econbiz.de/10014401760
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