The impact of prior economic growth on current poverty rates within provincial-level China is examined using panel data and semiparametric techniques. Results reveal that prior short-run growth raises poverty levels; prior long-run growth increases poverty in slow-growing provinces, while...

This paper provides a cointegration analysis of incomplete monetary sterilization and autonomy in China when both financial controls and the exchange rate peg exist. According to an estimated long-run equilibrium relation, only 35 cents are sterilized for a yuan of foreign-exchange reserve that...