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The Renminbi's Role in the Global Monetary System

Prasad, Eswar S. - 2012

changes for the balance and sustainability of China's own economic development as well as the associated implications for the … global monetary system. While China is actively promoting the internationalization of its currency, it is a long way from … attaining full convertibility or meeting other prerequisites for achieving reserve currency status. Ultimately, China will …

Persistent link: https://www.econbiz.de/10013110844

Foreign Capital and Economic Growth

Prasad, Eswar S.; Rajan, Raghuram Govind; Subramanian, … - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

We document the recent phenomenon of uphill flows of capital from nonindustrial toindustrial countries and analyze whether this pattern of capital flows has hurt growth innonindustrial economies that export capital. Surprisingly, we find that there is a positivecorrelation between current...

Persistent link: https://www.econbiz.de/10005861353

Brain Drain, Fiscal Competition,and Public Education Expenditure

Egger, Hartmut; Falkinger, Josef; Grossmann, Volker - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

This paper uses a two-country model with integrated markets for high-skilled labor to analyzethe opportunities and incentives for national governments to provide higher education.Countries can differ in productivity, and education is financed through a wage tax, so thatbrain drain affects the...

Persistent link: https://www.econbiz.de/10005863111

Financing Entrepreneurship and the Old-Boy Network

Inci, Eren; Parker, Simon C. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2012

We study entrepreneurs’ start-up financing from banks and local financiers. An informalnetwork, whose membership cannot be observed by outsiders, conveys the good signals itgets about the hidden types of network entrepreneurs to local financiers, which are thenreflected in different loan...

Persistent link: https://www.econbiz.de/10009486875

The Impact of Immigrants on Public Finances : A Forecast Analysis for Denmark

Hansen, Marianne - 2015

All over Europe, ageing populations threaten nations' financial sustainability. In this paper we examine the potential of immigration to strengthen financial sustainability. We look at a particularly challenging case, namely that of Denmark, which has extensive tax-financed welfare programmes...

Persistent link: https://www.econbiz.de/10013028146

Fiscal Zoning, Sales Taxes, and Employment : Do Higher Sales Taxes Lead to More Jobs in Retailing and Fewer Jobs in Manufacturing?

Burnes, Daria - 2012

We test the hypothesis that local government officials in jurisdictions that have higher local sales taxes are more likely to use fiscal zoning to attract retailing. We find that total retail employment is not significantly affected by local sales tax rates, but employment in big box and anchor...

Persistent link: https://www.econbiz.de/10013109437

Fighting Poverty : Assessing the Effect of Guaranteed Minimum Income Proposals in Québec

Clavet, Nicholas-James - 2013

This paper analyzes the impact of a recent recommendation made by Quebec's Comité consultatif de lutte contre la pauvreté et l'exclusion sociale to guarantee every individual an income equal to 80% of Statistics Canada's Market Basket Measure (MBM). Workers with earnings at least equivalent to...

Persistent link: https://www.econbiz.de/10013084664

Stunting and Selection Effects of Famine : A Case Study of the Great Chinese Famine

Gørgens, Tue; Meng, Xin; Vaithianathan, Rhema - 2011

The Great Chinese Famine of 1959-1961 is puzzling, since despite the high death rates, there is no discernable diminution in height amongst the majority of cohorts who were exposed to the famine in crucial growth years. An explanation is that shorter children experienced greater mortality and...

Persistent link: https://www.econbiz.de/10014053268

The Anti-Corruption Campaign and the Inter-Generational Transmission of Working in Bureaucracy : Evidence from China

Chen, Shuai; Ge, Erqi - 2022

those without. Using the recent anti-corruption campaign in China as a quasi-experiment, we investigate how endeavors for … the campaign came into effect in different provincial administrative divisions of mainland China, between individuals with …

Persistent link: https://www.econbiz.de/10014076468

City Size, Family Migration, and Gender Wage Gap : Evidence from Rural-Urban Migrants in China

Xing, Chunbing; Yuan, Xiaoyan; Zhang, Junfu - 2022

married couples. Using data from China, we show that the gender wage gap among married migrants is significantly smaller in …

Persistent link: https://www.econbiz.de/10014077112