Entrepreneurial Impulse, Investment Behavior, and Economic Fluctuations–A VAR Analysis with Indian Data ∗ PANCHANAN DAS This study analyzes the observed behavior of growth cycles and the dynamics of economic fluctuations in terms of entrepreneurial impulse…
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Trilemma Challenges for the People’s
Trilemma Challenges for the People’s Republic of China ∗ MASAHIRO KAWAI AND LI-GANG LIU This paper first reviews recent developments in exchange rate regimes, capital account liberalization, interest rate liberalization, and monetary policymaking in the…
Sustaining Growth of the People’s Republic
Sustaining Growth of the People’s Republic of China ∗ JUSTIN YIFU LIN AND FAN ZHANG This paper reviews economic growth theory in the framework of economic devel- opment and explores the possibility of sustained growth…
Education Inequality between Rural and Urban
Education Inequality between Rural and Urban Areas of the People’s Republic of China, Migrants’ Children Education, and Some Implications ∗ DANDAN ZHANG, XIN LI, AND JINJUN XUE Education inequality between the rural and urban areas…
Understanding the Slowing Growth Rate
Understanding the Slowing Growth Rate of the People’s Republic of China DWIGHT H. PERKINS ∗ It is increasingly accepted that the gross domestic product (GDP) growth rate of the People’s Republic of China (PRC) 是…
Trade Implications of the Trans-Pacific
Trade Implications of the Trans-Pacific Partnership for ASEAN and Other Asian Countries ∗ ALAN V. DEARDORFF The Trans-Pacific Partnership (TPP) aspires to become a state-of-the-art trade agreement linking 12 countries on both sides of the…
The Dragon Is Flying West:
The Dragon Is Flying West: Micro-level Evidence of Chinese Outward Direct Investment ∗ WENJIE CHEN AND HEIWAI TANG Outward direct investment (ODI) from the People’s Republic of China (PRC) is surging. A common perception is…
The More Divergent, the Better?
The More Divergent, the Better? Lessons on Trilemma Policies and Crises for Asia ∗ JOSHUA AIZENMAN AND HIRO ITO This paper investigates the potential impacts of the degree of divergence in open macroeconomic policies in…
Spatial Price Differences and Inequality
Spatial Price Differences and Inequality in the People’s Republic of China: Housing Market Evidence ∗ CHAO LI AND JOHN GIBSON The large literature on regional inequality in the People’s Republic of China (PRC) is hampered…
Effects of Monetary Policy Shocks on the
Effects of Monetary Policy Shocks on the Exchange Rate in the Republic of Korea: Capital Flows in Stock and Bond Markets SOYOUNG KIM ∗ Several studies have suggested that the prediction of standard theory on…