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Economists interested in location choices usually focus their attention on investments abroad. This neglects the fact that multinational enterprises continue to invest domestically while undertaking foreign expansion. This paper compares investments at home and abroad. Our firm-level dataset...
Persistent link: https://www.econbiz.de/10012677519
In this paper we analyze the fundamental drivers of China's residential investment as a share of its GDP. Our analysis … residential investment to GDP ratio in China. We project that residential investment would moderate from the current level of 9 …
Persistent link: https://www.econbiz.de/10014408940
Intro -- Contents -- I. INTRODUCTION -- II. RECENT DEVELOPMENTS IN INVESTMENT -- III. WHAT IS DRIVING MANUFACTURING INVESTMENT? -- IV. WHAT IS DRIVING REAL ESTATE INVESTMENT? -- V. CONCLUSION -- ANNEX I. INVESTMENT AND SAVING DATA BY SECTOR -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691186
China's equity markets internationalization process started in the early 2000s but accelerated after 2012, when Chinese …
Persistent link: https://www.econbiz.de/10015059718
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/10012677576
coordination to further promote trade and investment and developing a common human skills base with the PRD. Regional cooperation …
Persistent link: https://www.econbiz.de/10005599204
-industry trade (IIT). It is assumed that more IIT implies a smaller elasticity of substitution among differentiated products and vice … effectiveness of exchange rates in addressing trade imbalances will diminish as the extent of IIT increases. …
Persistent link: https://www.econbiz.de/10005599252
One of the most significant recent developments in world trade has been the entry of China into the World Trade … Organization (WTO). This paper examines the implications of China's WTO accession for India's trade, using both econometrics and … computable general equilibrium (CGE) models. The paper analyzes how India stands to lose or gain from China's WTO entry in terms …
Persistent link: https://www.econbiz.de/10005599289
This paper reviews the economics of trade policy in financial services, highlighting differences between trade across … borders and through commercial presence. Trade liberalization could complement other financial reforms by enhancing the …. However, it raises sectoral, strategic, and cultural concerns. The design of trade policy should therefore emphasize the nexus …
Persistent link: https://www.econbiz.de/10005599696
This paper reexamines the relationship between trade integration and business cycle synchronization (BCS) using new … value-added trade data for 63 advanced and emerging economies during 1995–2012. In a panel framework, we identify a strong … positive impact of trade intensity on BCS—conditional on various controls, global common shocks and country …
Persistent link: https://www.econbiz.de/10011142047