This paper presents a novel method to estimate the depreciation rate of durable goods using a combination of identified marginal and average spending shares. We apply our method to Chinese spending responses to disposable income changes induced by monetary policy in 2008-2009. The marginal...

This policy brief assesses the potential of entrepreneurship to be used as a tool for the integration of refugees into the labour market. It discusses the challenges faced in business creation by these potential entrepreneurs, as well as the opportunities created by their situation. It also...

This paper focusses on the link between urbanisation and consumption behaviour in China. Urbanisation is defined here as rural people moving to cities to work and migrant workers in cities obtaining urban residential status, against the backdrop of government plans to settle 100 million rural...