Author
Jinzhao Chen
Other affiliations: Paris West University Nanterre La Défense, Paris School of Economics
Bio: Jinzhao Chen is an academic researcher from Ecole Supérieure des Sciences Commerciales d'Angers. The author has contributed to research in topics: Exchange rate & Financial integration. The author has an hindex of 7, co-authored 15 publications receiving 206 citations. Previous affiliations of Jinzhao Chen include Paris West University Nanterre La Défense & Paris School of Economics.
Papers
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TL;DR: This paper investigated the circumstances under which international financial integration (IFI) is growth-enhancing and found that countries that are able to reap the benefits of IFI satisfy certain threshold conditions regarding the level of economic, institutional and financial development, and government spending.
60 citations
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TL;DR: In this paper, the authors investigate the intensity and effectiveness of capital controls in China from 2003 to 2010, with special attention to the period of financial turbulence that erupted in the summer of 2007.
Abstract: This paper aims to investigate the intensity and the effectiveness of the capital controls in China from 2003 to 2010, with special attention to the period of financial turbulence that erupted in the summer of 2007. We employ a two-regime threshold autoregressive model to study the Renminbi yield differential between the onshore interest rate and its non-deliverable forward (NDF)-implied offshore interest rate. We find that the de facto intensity of capital controls measured by the threshold increases over time, even during the period of financial turbulence. Moreover, a slightly lower speed of adjustment to the threshold implies that the capital controls are effective in this context.
42 citations
TL;DR: Li et al. as discussed by the authors created a new data set of indices including de jure and hybrid measurements of the changes in China's capital controls, which revealed a persistent but uneven process of capital account liberalization between 1999 and 2012.
42 citations
Posted Content•
TL;DR: In this paper, the authors studied the convergence and role of the internal real exchange rate on economic growth in Chinese provincial level, and found that the internal exchange rate appreciation has a positive effect on the provincial economic growth.
Abstract: This paper studies the convergence, and the role of internal real exchange rate on economic growth in the Chinese provincial level. Using informal growth equation a la Barro [1991] and dynamic panel data estimation, we find conditional convergence among the coastal provinces and among inland provinces. Moreover, our results show that the real exchange rate appreciation has a positive effect on the provincial economic growth.
26 citations
TL;DR: In this article , the speciation of Cd in iron (hydr)oxide-HA coprecipitates were studied by extraction, surface complexation model (SCM) calculation and characterization of the composites during the aging.
18 citations
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TL;DR: In this paper, the impact of institutional quality on foreign direct investment (FDI) levels and volatility was examined based on a panel data analysis of 164 countries from 1996 to 2006.
342 citations
Journal Article•
TL;DR: This paper surveys the recent empirical literature on economic growth, starting with a discussion of stylized facts, data problems, and statistical methods and concludes that efficiency has grown at different rates across countries, casting doubt on neoclassical models in which technology is a public good.
Abstract: Why do growth rates differ? This paper surveys the recent empirical literature on economic growth, starting with a discussion of stylized facts, data problems, and statistical methods. Six research questions are emphasized, drawing on growth and convergence research. In answering these questions, the paper argues that efficiency has grown at different rates across countries, casting doubt on neoclassical models in which technology is a public good. The latter half of the paper rounds up a variety of findings before providing answers to all six questions, including a short summary of how differences in growth rates arise.
192 citations
TL;DR: The authors used a variety of empirical gravity models to estimate the currency union effect on trade and exports, using recent data which includes the European Economic and Monetary Union (EMU), and their preferred methodology indicates that EMU has boosted exports by around 50%.
143 citations
Journal Article•
121 citations
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TL;DR: Using a dynamic version of Galton's fallacy, the authors showed that coefficients of arbitrary signs in such regressions are consistent with an unchanging cross-section distribution of incomes, and that there is a tendency for divergence rather than convergence of cross-country incomes.
Abstract: Recent tests for the convergence hypothesis derive from regressing average growth rates on initial levels: a negative initial coefficient is interpreted as convergence. These tests turn out to be plagued by Galton's classical fallacy of regression towards the mean. Using a dynamic version of Galton's fallacy, I establish that coefficients of arbitrary signs in such regressions are consistent with an unchanging cross-section distribution of incomes. Alternative, more direct empirics used here show a tendency for divergence, rather than convergence, of cross-country incomes.
111 citations