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on China |
| By: | AKPOILIH, Roland; FARAYIBI, Adesoji |
| Abstract: | In the recent times, there has been an increasing spread of trade tentacles of China into the hinterland of many developing nations of the world. The need to secure resources to meet the development aspiration of her country made China to increasingly forged formidable trade ties with almost all African countries, especially Nigeria, in the area of manufacturing products. While these realities have proved to be beneficial to the trading partners, there is still skepticism about the benefits of such trade relations to Nigeria. There is a perceived dis-proportionality in the quantum of bilateral inflow of manufacturing products between Nigeria and China. This study therefore addressed these concerns by applying gravity model to analyze the determinants of bilateral trade relation in manufacturing products between Nigeria and China for the period of 1995 to 2012. Thus, from the stylized facts, we find evidence of increasing influx of China manufactured products into Nigeria while that of Nigeria outflow to them is of low magnitude. This paper therefore recommended the diversification of economic base of Nigeria crucial for a more beneficial China-Nigeria bilateral trade in manufactures. |
| Keywords: | Nigeria-China Bilateral Trade, Manufacturing Products, Trade Policy, GDP Growth, Socio-economic development |
| JEL: | F1 F12 F14 F2 |
| Date: | 2015–04–05 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:74183&r=cna |
| By: | Cano Berlanga, Sebastian; Giménez Gómez, José M. (José Manuel) |
| Abstract: | China is the largest emerging capital market with a unique setup: it issues simultaneously both (i) Class A shares addressed to Chinese domestic investors, and (ii) Class B Shares addressed to foreign investors. After Chinese stock resumed the operation, they feature dramatic fluctuations due to policy changes and over-speculative activity of individual investors. This paper aims to analyse the evolution of both the Shanghai A and B Markets through a Markov-Switching asymmetric GARCH in four different time frames. Keywords: China stock market; Markov-Switching asymmetric GARCH; volatility |
| Keywords: | Mercats financers -- Xina, 336 - Finances. Banca. Moneda. Borsa, |
| Date: | 2016 |
| URL: | http://d.repec.org/n?u=RePEc:urv:wpaper:2072/267085&r=cna |
| By: | Gustafsson, Björn Anders (University of Gothenburg); Yang, Xiuna (China Development Research Foundation) |
| Abstract: | This paper asks if economic growth and steps towards a market economy have affected earnings gaps between the Han and nine large urban ethnic minorities: Zhuang, Hui, Manchurian, Tujia, Uighur, Miao, Tibetan, Mongol and Korean. It also asks how earnings premiums and earnings penalties have changed for the nine ethnic minorities. For the analysis we use a subsample of the 2005 China's Inter-Census Survey. We find examples of three different changes over time in earnings premiums and earnings penalties: One ethnic minority for whom the development has been more favourable than for the Han majority; a second category in which development has been similar; and a third category for which development has been unfavourable. We conclude from the analysis that it can be misleading to infer the experience of one ethnic minority from that of another. |
| Keywords: | earnings, ethnic minorities, Uighur, Tibetan, Korean |
| JEL: | J15 J31 J71 P23 |
| Date: | 2016–09 |
| URL: | http://d.repec.org/n?u=RePEc:iza:izadps:dp10230&r=cna |
| By: | ZhongXiang Zhang (College of Management and Economics, Tianjin University) |
| Abstract: | In international climate change negotiations, China’s role is an issue of perennial concern. In particular, the lack of quantitative, absolute emissions commitments from China has been the focus. In line with changing domestic and international contexts, China is recalibrating its stance and strategy. Its participation in international climate change negotiations has evolved from playing a peripheral role to gradually moving to the centre. This article examines China’s stance and role in international climate change negotiations from a historical perspective. In so doing, the article discusses the evolution of international climate negotiations and China’s stance in the lead-up to and at the Paris conference. The focus is now turning to the implementation of the Paris Agreement. The article discusses post-Paris issues in the international context and in particular in China’s context. These affect the post Paris negotiations and hold the key to achieving desired outcomes. |
| Keywords: | International climate negotiations; Copenhagen accord; Paris agreement; China |
| JEL: | Q52 Q54 Q58 Q43 Q48 O31 O33 O44 |
| Date: | 2016–09 |
| URL: | http://d.repec.org/n?u=RePEc:een:ccepwp:1607&r=cna |
| By: | Xu Tian (University of Rochester); Dan Lu (the University of Rochester); Yan Bai (University of Rochester) |
| Abstract: | This paper uses Chinese firm-level data to quantify financial frictions in China and asks to what extent they can explain firms’ saving and capital misallocation. We first document features of the data, in terms of firm dynamics and financing. Relatively smaller firms have lower leverage, face higher interest rates and operate with a higher marginal product of capital. We then develop a heterogeneous-firm model with two types of financial frictions, default risk and a fixed cost of issuing loans. We estimate the model using evidence on the firm size distribution and financing patterns and find that financial frictions can explain aggregate firm saving, the co-movement between saving and investment across firms, and around 60 percent of the dispersion in the marginal product of capital (MPK). The endogenous financial frictions, however, generate a negative MPK-size relationship, which has important implications for total factor productivity losses. |
| Date: | 2016 |
| URL: | http://d.repec.org/n?u=RePEc:red:sed016:998&r=cna |
| By: | Bas Karreman (Erasmus School of Economics, Erasmus University Rotterdam, The Netherlands); Martijn J. Burger (Erasmus School of Economics, Erasmus University Rotterdam, The Netherlands); Frank G. van Oort (Erasmus School of Economics, Erasmus University Rotterdam, The Netherlands) |
| Abstract: | Overseas Chinese communities are an important determinant in the location choice of greenfield investments made by mainland Chinese multinational enterprises across European regions. Conceptually embedded in a relational approach, this effect is shown through an empirical analysis of an exhaustive set of investment projects across NUTS-1 regions in 26 European countries for the period 2003-2010. When controlling for endogeneity bias and the embeddedness of existing Chinese economic activity, we find that the importance of overseas communities in the location choices of Chinese firms is based on increased access to strategic information. Our results confirm that the relationship between the size of an overseas Chinese community and the probability of Chinese investment is stronger for communities hosting newer generations of Chinese migrants; in addition, they partially corroborate that this relationship is stronger when the education level of the community’s Chinese migrants is higher. Our findings are particularly robust in the context of knowledge-intensive sectors and high value-added functions. |
| Keywords: | Overseas Chinese communities; China; Europe; greenfield FDI; relational view |
| JEL: | F20 L20 R30 |
| Date: | 2016–09–30 |
| URL: | http://d.repec.org/n?u=RePEc:tin:wpaper:20160078&r=cna |