This book systematically analyzes the economic dynamics of large emerging economies
from an extended Comparative Capitalisms perspective. Coining the phrase 'state …

 the pbc and the politics of money planning regime to a new, more market-oriented
framework underpinned by central bank activism. Bei**g's largely failed attempt to bail out …

This paper applies the common Markov-switching panel data model from Hamilton and
Owyang (2012) to study the similarities and differences across China's provinces with …

Das chinesische Wirtschaftswachstum der letzten 30 Jahre stellt mittlerweile jeden anderen
langen Aufschwung der neueren Geschichte in den Schatten. Wie konnte sich diese …

In the past decade, the Chinese government was increasingly relying on revenues from land
sales to finance the public spending. This paper examines the impacts of land financing on …

We build upon the most recent development in the literature and estimate a comprehensive
set of univariate and bivariate Unobserved Components models to study the varying long …

Purpose This study quantitatively examines the relationship between economic fluctuations
and government budget size in the context of China's fiscal decentralization, drawing …

It is important to understand the growth process under way in China. However, analyses of
Chinese growth became increasingly more difficult after the real GDP doubling target was …

The volatility of Chinese GDP growth has been markedly lower since the mid-1990s. We
utilize frequency domain and vector autoregression (VAR) methods to investigate the origin …

This paper employs a structural time series model designed with three components of
stochastic seasonality, trigonometric expression of cyclicality and local linear trend to …