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In existing literature, there are few concrete examples of multiple equilibria and the only ones known to us have 3 equilibria, but multiplicity remains a major concern for applied models used in policy work. Here, we report numerical examples for a 3 individual 2 good CES/LES pure exchange...
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We note the absence of prior literature on analytical structures to be used for China and other economies with extensive SOEs when evaluating behavioural responses of SOEs to trade policy and other changes. This is despite both the large empirical literature discussing the productivity effects...
Persistent link: https://www.econbiz.de/10005575882
This paper documents the major transformation of higher education that has been underway in China since 1999 and evaluates its potential global impacts. Reflecting China's commitment to continued high growth through quality upgrading and the production of ideas and intellectual property as set...
Persistent link: https://www.econbiz.de/10005775025
We analyze the Hukou system of permanent registration in China which many believe has supported growing relative inequality over the last 20 years by restraining labour migration both between the countryside and urban areas and between regions and cities. Our aim is to inject economic modelling...
Persistent link: https://www.econbiz.de/10005777855
We discuss metrics of globalization for individual economies as distance measures between fully integrated and trade restricted equilibria in economies initially operating under less than full integration with the global economy. Such metrics can be used to construct country globalization...
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