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Sources of investment inefficiency: The case of fixed-asset investment in China

Qin, Duo; Song, Haiyan - 2007

This study attempts to measure the inefficiency associated with aggregate investment in a transitional economy. The inefficiency is decomposed into allocative and production inefficiency based on standard production theory. Allocative inefficiency is measured by disequilibrium investment demand....

Persistent link: https://www.econbiz.de/10010284200

Fiscal policy and effective demand during transformation

Łaski, Kazimierz - In: Geld und Kredit im Transformationsprozeß, (pp. 61-79). 1995

Persistent link: https://www.econbiz.de/10001316087

Endogenous startups, financial conditions, and capital accumulation

Delli Gatti, Domenico; Longaretti, Riccarda - In: The role of financial markets in the transition process …, (pp. 93-116). 2003

Persistent link: https://www.econbiz.de/10001759316

Fiscal policy and effective demand during transformation

Łaski, Kazimierz - 1993

Persistent link: https://www.econbiz.de/10000852916

Foreign Direct Investment in the Financial Sector : The Engine of Growth for Central and Eastern Europe?

Eller, Markus; Haiss, Peter R.; Steiner, Katharina - 2011

This paper examines the impact of financial sector foreign direct investment (FSFDI) on economic growth by estimating a panel data model for 11 Central and Eastern European countries (CEECs) between 1996 and 2003 in a cross-country growth accounting framework. The analysis concentrates on the...

Persistent link: https://www.econbiz.de/10014060105

Distribution of Foreign Direct Investment Among Transition Economies in Central and Eastern Europe

Deichmann, Joel I. - 2003

This paper presents a regression model designed to explain the distribution of foreign direct investment (FDI) in the countries of Central and Eastern Europe. Locational variables are identified from geography and economics literatures on location theory and foreign direct investment. The...

Persistent link: https://www.econbiz.de/10014133077

Understanding the Great Changes in the World : Gaining Ground and Losing Ground Since World War II

Phelps, Edmund S. - 2015

This lecture interprets the great tectonic shifts in the global economy that I have witnessed since I began studying economics in the 1950s. There are three stories of gaining ground ("catching up") on the world's lead economy and one of losing ground. This experience can help us to get right...

Persistent link: https://www.econbiz.de/10013036054

A Growth Perspective on Foreign Reserve Accumulation

Cheng, Gong - 2017

Based on a dynamic open-economy macroeconomic model, this paper analyzes the motive for foreign reserve accumulation in fast-growing emerging economies. The demand for foreign reserves stems from the interaction between productivity growth and underdevelopment of the domestic financial market....

Persistent link: https://www.econbiz.de/10012954174

The transition of China to sustainable growth : implications for the global economy and the euro area

Dieppe, Alistair (ed.); Gilhooly, Robert (ed.); … - 2018

China's rise has been the economic success story of the past four decades but economic growth has been slowing and … domestic imbalances have widened. This paper analyses the recent evolution of China's imbalances, the risks they pose to the … economic outlook and the potential impact of a transition to sustainable growth in China on the global and euro area economies …

Persistent link: https://www.econbiz.de/10011792634

Avoiding Pitfalls in China's Transition of its Growth Model

Hong, Pingfan - 2017

The pace of GDP growth in China has shifted from an average of 10 per cent between 1980 and 2010 to below 7 per cent … efficient, inclusive and sustainable economy. However, certain ideas about China's transition are problematic. This article … rebuts a particular notion that China needs to replace its investment-driven growth by consumption-driven growth. This notion …

Persistent link: https://www.econbiz.de/10012960805