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For a long time, China’s impressive growth performance has been driven by investment and high productivity gains. Based … on the recent discussion on possible overcapacities and overinvestment in China, the paper investigates the … sustainability of China’s investment- and export-driven growth model. It is shown that since the turn of the millennium buoyant …
Persistent link: https://www.econbiz.de/10012016064
The economic impact of an institutional transplant depends on the underlying cultural envi-ronment of the receiving country. This paper provides the first evidence that the positive effect of importing good institutions cancels out when the receiving territories are characterized by cultural...
Persistent link: https://www.econbiz.de/10011405198
growth, the Second Industrial Revolution (1870-1914) in France. In this period, technology became skill-intensive, leading to …
Persistent link: https://www.econbiz.de/10012039060
Chinese exports to the U.S. in the years surrounding China's 2001 WTO accession. Following predictions based on a model of …
Persistent link: https://www.econbiz.de/10010349885
from the 2002 wave of the Business Environment and Enterprise Performance Survey collected by the World Bank for China. The … exporters, firms exporting all their output, observed in China, from 25.7% in 2002 to 11.1% in 2013. Our results indicate that a … in China increases by 1.76% while real income in the rest of the world falls by 0.59%. …
Persistent link: https://www.econbiz.de/10010388674
We document key features of the deepening economic relationship between Brazil and China. This is evident from sharply … international fora. Data presented show bilateral trade between Brazil and China surging after 2001 and China is now Brazil … rates suggest that China will become the dominant trade partner for Brazil surprisingly soon. -- economic relationship …
Persistent link: https://www.econbiz.de/10008806619
Persistent link: https://www.econbiz.de/10003496675
We study the effect of subsidies subject to export share requirements (ESR) | that is, conditioned on a firm exporting at least a given fraction of its output - on exports, the intensity of competition and welfare, through the lens of a two-country model of trade with heterogeneous firms. Our...
Persistent link: https://www.econbiz.de/10011481288
export growth following the permanent normalization of trade relations with China (PNTR). But there was also an offsetting … declined in the most exposed industries because of the export destruction effect. On aggregate, the US and China both gain from … PNTR, but the gains are larger for China. …
Persistent link: https://www.econbiz.de/10012817913
We find that Republican candidates lost support in the 2018 congressional election in counties more exposed to trade retaliation, but saw no commensurate electoral gains from US tariff protection. The electoral losses were driven by retaliatory tariffs on agricultural products, and were only...
Persistent link: https://www.econbiz.de/10012293757