Agglomeration and product innovation in China

Hongyong Zhang, 21 July 2014

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Spatial agglomeration of economic activities is generally assumed to improve productivity and spur firms’ innovation through localisation economies and urbanisation economies.1 There is an extensive empirical literature investigating the effects of localisation and urbanisation on firm-level productivity.

Topics: Productivity and Innovation
Tags: agglomeration, China, clusters, innovation, productivity, R&D, spatial concentration, subsidies

The Chinese labour market: High unemployment coexisting with a labour shortage

Yang Liu, 19 July 2014

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In China, both a labour shortage and unemployment have emerged as problems in recent years. The number of university students scheduled to graduate in June 2014 is 7.27 million, increasing with 280,000 from 2013 (MHRSS 2014). Following 2013 – at the time considered the most difficult year for job seekers in history – 2014 is expected to be even harsher.

Topics: Labour markets
Tags: China, labour shortage, unemployment

Through the looking glass: CEO pay in China's listed companies

Alex Bryson, John Forth, Minghai Zhou, 24 June 2014

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For many in the West China remains a paradox: a single-party Communist state with a vibrant, thriving economy set to challenge the US in the coming decade. Some have questioned the sustainability of the Chinese growth miracle in the absence of fully-fledged democracy and root-and-branch market reforms.

Topics: Financial markets, Labour markets
Tags: CEOs, China, corporate governance, Executive compensation, executive pay

Do capital controls deflect capital flows?

Paolo Giordani, Michele Ruta, Hans Weisfeld, Ling Zhu, 23 June 2014

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The size and volatility of capital flows to developing countries have increased significantly in recent years (Figure 1), leading many economists to argue that national policies and multilateral institutions are needed to govern these flows (Forbes and Klein 2013, Blanchard and Ostry 2012).

Topics: International finance
Tags: Brazil, capital controls, capital flows, Capital inflows, China, international capital flows, South Africa, spillovers

Curriculum and ideology

Davide Cantoni, Yuyu Chen, David Y. Yang, Noam Yuchtman, Y. Jane Zhang, 29 May 2014

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Education shapes young minds. Contemporary debates rage on whether it also shapes people’s political views, attitudes, and their values. Examples range from teaching of evolution in US schools, to the role of madrassas in the Islamic world, and the coverage of World War II in Japanese history textbooks.

Topics: Education
Tags: China, curriculum reform, education

Why are savings so high among the young in urban China?

Mark R. Rosenzweig, Junsen Zhang, 21 May 2014

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A well-known phenomenon in contemporary China is the high personal savings rates of households compared with those in developed countries and many low-income countries. A less-studied aspect of this is the elevated savings rates of the young relative to the middle-aged, first shown by Chamon and Prasad (2010) based on urban household data covering the years 1986–2005 for ten provinces.

Topics: Frontiers of economic research, Global economy
Tags: China, family, housing, one-child policy, savings

Minimum wages and firm employment: Evidence from China

Yi Huang, Prakash Loungani, Gewei Wang, 16 May 2014

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The impact of the minimum wage on employment is a polarising issue in ‘advanced’ – the term commonly used for ‘high-income’ – economies.

Topics: Labour markets
Tags: China, minimum wage

China is not yet number one

Jeffrey Frankel, 9 May 2014

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Widespread recent reports have trumpeted: “China to overtake US as top economic power this year.” The claim is basically wrong. The US remains the world’s largest economic power by a substantial margin.

Topics: Global economy
Tags: China, purchasing power parity, statistics, US

Increased export performance and competitiveness of developing countries is mainly a China story

M. Ataman Aksoy, Francis Ng, 3 May 2014

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One of the important developments of the last couple of decades has been the rapid expansion of manufacturing exports from developing countries to high-income industrial countries, as well as to other developing countries.

Topics: International trade
Tags: China, market shares, south-south trade

China’s regional and bilateral trade agreements

John Whalley, Chunding Li, 5 March 2014

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China’s efforts at international trade diplomacy did not stop with its 2001 WTO accession. China is increasingly active in her pursuit of regional trade agreements (RTAs).

Topics: International trade
Tags: China, RTAs

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