Showing papers in "China Economic Review in 2004"

TL;DR: This paper found that FDI can benefit innovation activity in the host country via spillover channels such as reverse engineering, skilled labor turnover, demonstration effects, and supplier-customer relationships.

TL;DR: This article used a traditional source accounting approach to identify the specific role of rural infrastructure and other public capital in explaining productivity difference among regions, throwing new lights on how to allocate limited public resources for both growth and regional equity purposes.

TL;DR: This paper examined the role of women in rural labor markets by examining employment trends and analyzed how their participation in agriculture has affected farm output, finding that women have participated at rates equaling or surpassing those of their male counterparts.

TL;DR: In this article, the authors estimate returns to research and development (R&D) in Chinese industry using a firm-level data set on innovation activity in large and medium-size industrial enterprises during 1991-1997 in the Beijing area.

TL;DR: In this article, the authors investigated how household health and education expenditures affect poverty assessment in rural China and found that poverty in China in 1995 appeared to be even more concentrated in the west and in officially designated poor areas when education and health expenditures are considered.

TL;DR: In contrast to the existing literature, which concentrates on labour-intensive products as a group, the authors considers products at a disaggregate level because products in the same group are not often homogeneous.

TL;DR: Wang et al. as mentioned in this paper presented a comprehensive picture and identified the main determinants of poverty in both the urban and rural sectors, and concluded that despite rising urban poverty in recent years, rural poverty is still predominant in China.

TL;DR: In this article, the authors investigated the interrelationships between prices on the mainland Chinese share market and those in the neighbouring markets of Hong Kong and Taiwan and found a strong contemporaneous relationship between the two mainland markets.

TL;DR: The authors conducted a quantitative estimation for the equilibrium value of the Chinese currency, the RMB, and found that it was undervalued by 22.5% in 2003, with a P value of.286.

TL;DR: In this article, the authors used the travel cost method to evaluate the recreational benefits of a beach along the eastern coast of Xiamen Island in China and found that the total value for the beach and its associated recreation is in excess of US$53 million.

TL;DR: In the absence of an Asian euro, however, the only feasible way of achieving this mutual exchange stability is for East Asian governments individually to peg the region's dominant key currency: the U.S. dollar as mentioned in this paper.

TL;DR: The authors provided a range of estimates for capital flight using both balance of payments and the residual measures for the People's Republic of China (PRC; 1984-2001) and Hong Kong (1998-2001).

TL;DR: In this paper, the authors examined the unit root hypothesis for real GDP per capita in 25 of China's provinces and found that the evidence against a unit root is mixed with multiple structural breaks.

TL;DR: Wang et al. as mentioned in this paper reconstructed Chinese official household consumption, which accounts for half of GDP, based on various official explanations offered between 1997 and 2001, but none allowed the researcher to accurately reconstruct household consumption.

TL;DR: In this paper, the authors explore the possibility that, even if producer prices of some (land-intensive) farm products fall, prices of other (labor intensive) farm and non-farm products could rise and conclude that farm-non-farm income inequality may well rise within China but rural-urban income inequality need not.

TL;DR: In this article, the authors used a parametric linear specification and a newly developed nonparametric estimation method (with mixed categorical and continuous variables) to estimate the FAFH expenditure function.

TL;DR: The authors discusses the non-deliverable forward (NDF) markets in general and presents some analysis about the RMB NDF market in particular, finding that the foreign exchange forward premium (RMB/US$) becomes discount for various maturities of the NDF after November 13, 2002.

TL;DR: The authors reviewed the evolution of China's exchange rate regimes over the last two decades, and analyzes China's choices of exchange rate regime, concluding that it seems desirable for China to maintain the managed float in the short run.

TL;DR: This paper argued that the optimal currency adjustment is a one-time maxi revaluation of roughly 15% versus the U.S. dollar to a new fixed rate but to a modified anchor, that is, a trade-weighted currency basket.

TL;DR: The authors used adjusted foreign reserves as a proxy for exchange rate intervention by the government, and estimated China's actual exchange rate as a function of the inflation differential, the long-run movement of the real exchange rate, and government intervention.

TL;DR: The authors describes the process of establishing and improving Chinese gross domestic product (GDP), estimation data information and dissemination procedure, main data sources, and calculation methods and presents the main supplementations and adjustments to the historical data.

TL;DR: The Big Mac index has been used to support the claim that the Chinese currency (Renminbi, or RMB) is undervalued as discussed by the authors, which is a misleading measure for currency valuation for countries whose income levels are different from the benchmark currency countries.

TL;DR: In this article, the authors search for evidence of conditional volatility in the quarterly real GDP of greater China, which comprises the economies of Mainland China, the Hong Kong Special Administrative Region (SAR), and Taiwan, and find that negative real GDP shocks may induce a greater impact on future volatilities compared with positive shocks of the same magnitude.

TL;DR: This article analyzed CZCE wheat futures prices from 2000 to 2002 quantitatively and found that the prices have unit root and time-varying variances, and compared ARCH, GARCH, and ARMA models with AR(1), ARCH(2), and GARCH(1,1) models.

TL;DR: In this paper, an interpretative model of FDI in China based on an integrated view of economic policy is presented, along with the analysis of purely economic factors, other variables such as those relating to sociopolitical instability, the business operating context, and the existence of an export-oriented policy.

TL;DR: In this article, the authors examined the microlevel rewards accruing to a sample of village households located in the northeast province of Liaoning in China, identifying and then measuring how such diversification affects household income, the level of employment and the returns to labor.

TL;DR: In this article, the authors discuss the Chinese monetary authority's capability to control the exchange rate of the Renminbi (RMB) by reviewing the key features of China's currency exchange regime and examine the recent measures taken by the authority to ease appreciation pressures on the RMB since the mid-2003.

TL;DR: The authors used a Cournot competition model to show that the welfare consequences of different reforms are determined by the industrial structure, the distribution of production capacities, and the cost differentials among firms.

TL;DR: In this paper, the authors examined the dynamic capital mobility in East Asia's newly industrialized economies (NIEs) and proposed an alternative measure of capital mobility based on an intertemporal current account model that is developed by Shitaba and Shintani.

TL;DR: In the absence of financial and managerial labor markets in centrally planned economies (CPE), the owner of state enterprises (SOEs) has no effective mechanisms to discipline management as mentioned in this paper, therefore, the role of employees in corporate governance becomes much more important in SOEs than in the typical capitalist private firm.