Economics Commons^™

An Analysis Of The Appreciation Of The Chinese Currency And Influences On China's Economy, Lina Ma

Electronic Theses and Dissertations

In recent years, China's economy development has had more and more impact on the global economy. The Chinese currency continued to appreciate since 2005, which has had both positive and negative results on Chinese's economy. The Chinese government uses the monetary policy to control the inflation pressure, which could work counter to Chinese exchange rate policy. RMB appreciation also has some effects on the Chinese banking system. Through the Global Trade Analysis Project (GTAP), a global computable general equilibrium model, we analyze how, when there is RMB appreciation, the Chinese exports and imports, and Chinese employment and income inequality react. …

The Reliability Of Chinese Economic Statistics, Lili Yu

Electronic Theses and Dissertations

China's rapid economic growth over the past three decades has drawn attention from all over the world. The sources and reliability of the official statistics behind the tremendous growth have been the subject of heated debate among economists. This paper contributes to this data reliability debate by analyzing on the GDP statistics of China and seeks to establish whether or not the official data are valid.

This study begins with a review of the prominent research on the topic. The majority of these studies, reviewed in chapter two, point to a series of inherent contradictions in the official figures, which …

Cross-Hauling And Regional Input-Output Tables: The Case Of The Province Of Hubei, China, Yongming Huang, Anthony T. Flegg, Timo Tohmo

Regional Research Institute Working Papers

Data for the Chinese province of Hubei are used to assess the performance of Kronenberg’s CHARM, a method that takes explicit account of cross-hauling when constructing regional input−output tables. A key determinant of cross-hauling is held to be the heterogeneity of the products of individual sectors, which is estimated using national data. However, contrary to the authors’ earlier findings for Finland, CHARM does not generate reliable estimates of Hubei’s sectoral exports, imports and volume of trade. It is crucial, therefore, especially in relatively small regions, to make adequate allowance for any known divergence between regional and national technology and heterogeneity.

Can China Use Alternative Energies Instead Of Coal To Provide More Electricity By 2030?, Yan Wu

Dissertations, Master's Theses and Master's Reports - Open

Following the rapid growth of China's economy, energy consumption, especially electricity consumption of China, has made a huge increase in the past 30 years. Since China has been using coal as the major energy source to produce electricity during these years, environmental problems have become more and more serious. The research question for this paper is: "Can China use alternative energies instead of coal to produce more electricity in 2030?" Hydro power, nuclear power, natural gas, wind power and solar power are considered as the possible and most popular alternative energies for the current situation of China. To answer the …

The Domestic Natural Gas Shortage In China, Ting Guo

Dissertations, Master's Theses and Master's Reports - Open

This thesis analyzes the domestic shortage in the Chinese natural gas market. Both the domestic supply and demand of natural gas are growing fast in China. However, the supply cannot catch up with the demand. Under the present pricing mechanism, the Chinese natural gas market cannot get the equilibrium by itself. Expensive imports are inadequate to fill the increasing gap between the domestic demand and supply. Therefore, the shortage problem occurs. Since the energy gap can result in the arrested development of economics, the shortage problem need to be solved. This thesis gives three suggestions to solve the problem: the …

The Rise Of Private Equity In China: A Case Study Of Successful And Failed Foreign Private Equity Investments, June Kim

CMC Senior Theses

China's transition from a planned economy to a market economy has brought about remarkably rapid economic growth. Year after year, China boasted of double-digit growth rates since the early 1990s. Attracted by China's so-called "economic miracle," foreign investors began entering the Chinese market hoping to benefit from the country's vast array of financial opportunities. Private equity, particularly a leveraged buyout, was an unfamiliar concept in China until late 1990s. Now China has become the most attractive destination among emerging markets for private equity investment. Global private equity firms are currently raising billions of dollars for funds focusing on China because …

Can The Chinese Economy Affect The Us Stock Market? The Case Of The 2008 Chinese Stimulus Package, Jacqueline M. Lee

CMC Senior Theses

The Chinese stimulus package of 2008 was a response by the government to rebound the second largest economy from the effects of the Global Financial Crisis. The package was one of the largest, and arguably one of the most successful, in boosting demand and spurring growth through targeting infrastructure projects and consumer spending. This paper investigates whether the package had any spillover effects on the US industrial and consumption companies with large markets in China through the time series multiple regression technique. This paper found that Chinese net exports had some explanatory power over the consumption companies, and the US …

The Liberalization Of Shibor And The Economic Fundamentals Of House Price Growth In China, Michael J. Mavredakis

CMC Senior Theses

This paper uses data collected from the National Interbank Funding Center of China, the People’s Bank of China, the National Bureau of Statistics, and Bloomberg starting in October 2006 through 2013 to test the economic fundamental’s affecting the housing market in Shanghai, particularly interest rates. This study finds that the 6- month duration Shibor has a negative and significant correlation with house price growth in Shanghai when lagged 4 months. The analysis continues by examining other economic fundamentals affecting house price growth, finding growth in inflation, the money supply and Shanghai real estate investment to have significant, positive relationships with …

Economic Inequality And Marriage Formation, Xue Li

LSU Doctoral Dissertations

My dissertation primarily investigates the causal impact of economic inequality on marriage formation. I demonstrate how economic inequality among men affects an individual woman’s propensity to get married in both the U.S. and China. Based on the framework of Loughran (2002) and Gould and Paserman (2003), I identify the causal impact of male wage inequality on the marriage propensity among women in the U.S. using the 1990 and 2000 Censuses as well as the 2007 American Community Survey. I address the endogeneity and reverse causality problems by applying skill-biased technological shock as an instrument for the wage gap between high …

Examining Ipo Success In The Emerging Growth Enterprise Market Of China, Hai Long, Zhaoyong Zhang

Research outputs 2014 to 2021

Adopting a sample of the initial 243 IPOs from the emerging Growth Enterprise Market of China (GEMC) over the 2009 to 2011 period, this study develops a regression model to investigate the relationships between these factors and suggests that the firm’s net profit and its growth rate substantively determine the IPO volume. In addition, this study adopts probit models to test the influence of the four factors on IPO likelihood, and shows that: 1) fundraising amount, as one of the most significant IPO determinants, is positively associated with IPO probability on the new listing market; 2) the net profit, as …

Listing Requirements Lose Ipo-Screening Functions: Evidence From The Emerging Growth Enterprise Market Of China, Hai Long, Zhaoyong Zhang

Research outputs 2014 to 2021

Using two multivariate regression models based on prior studies, this paper aims to examine whether the listing requirements of the GEMC are able to help the exchange to screen high quality IPO firms. It suggests that the approved IPO companies have better performances than failed ones, but listing requirements of the GEMC are unable to screen high quality issuers to go public, because the majority of listed companies performed poorly rather than better after their IPOs. This result is against previous findings that regard an IPO market as a screening device.

China And The Northeast Region: Agricultural Machinery, Kelsey White

Undergraduate Honors Capstone Projects

Using Chinese government statistical data, relevant laws and policy regulations, and current market projections, this report aims to help new-to-market U.S. exporters understand the development of the agricultural machinery market in China and the Northeast region, identifying both challenges and opportunities.

With a vast land area and diverse topography, China is one of the world's top agricultural producers. Agriculture accounts for about 11% of China's GDP and more than 40% of China's employment. Over the past several years, China has been increasing its agricultural mechanization in an effort to move from traditional to modern farming. The central government has been …

Is The Renminbi East Asia’S Dominant Reference Currency? A Reconsideration, Hwee Kwan Chow

Research Collection School Of Economics

Recent empirical studies show that the Chinese currency renminbi is either becoming or has become a dominant reference currency in East Asia. This paper reviews the evidence with daily exchange rate data from seven East Asian economies namely, Indonesia, Korea, Malaysia, the Philippines, Singapore, Thailand and Taiwan. We consider the likely problems and pitfalls associated with the application of Frankel-Wei regressions to determine the weights of the US dollar and the renminbi in the implicit currency baskets. We show empirically the estimation of currency weights using non-orthogonalised renminbi movements could suffer from imprecision and/or inconsistency. To circumvent the simultaneity bias …

Blue Growth In The Middle Kingdom: An Analysis Of China’S Ocean Economy, Rui Zhao, Stephen Hynes, Guang Shun He

Working Papers

This paper builds on the work carried out by OEAS in China, which established the framework of ocean economy accounting in China. It also demonstrates how it is possible to compile ocean economy data, from the existing government databases in China. The Chinese ocean economy was divided into two separate parts for the purpose of the analysis presented; the ocean industry and ocean-related industry. Data was collected for 12 major ocean industries. Using a similar methodology to that developed in previous international studies, it was found that the major ocean industries produced US$239.09 billion in value added output in 2010 …

China And The New Triangular Relationships In The Americas: China And The Future Of Us-Mexico Relations, Enrique Dussel Peters, Adrian H. Hearn, Harley Shaiken

Center for Latin American Studies Publications

This book advances the concept of “triangular relationships” by analyzing benefits and conflicts within US-Mexico-China relations as Chinas´ influence increases. The contributors examine this phenomenon from economic, political, and social perspectives. China´s deepening impact in the Americas suggests that triangular relation-ships, such as those examined in this volume, will necessarily weigh more heavily into other fields of research in the future.

China's 80后 And 90后: The Next Generation Of Leaders In The World's Next Superpower, A Students-Teaching-Students Course, Patrick Slavin

Senior Honors Projects

In light of China’s recent reemergence as a global superpower, it is becoming increasingly important for westerners to understand its history and culture. For current college students, the culture of China’s youth is particularly pertinent.

In this project, a course, HPR 107: Chinese Youth Culture, was designed and taught through the Students-Teaching-Students program, which provides senior Honor’s Program students the opportunity to design and teach their own Honor’s Program course. The HPR 107 course focuses on China’s 80后 and 90后 generations, those born in the 1980s and 1990s, respectively.

This multi-faceted project includes: subject matter research, course development, pedagogy development, …

Allowing For Low-Cost Labor In Underdeveloped And Developing Countries As A Method For Initiating Economic Industrialization, Jordon A. Wolfram

Selected Honors Theses

The topic presented here closely examines the link between low-cost labor and the affect that it has on initiating industrialization in underdeveloped and developed countries. It can ultimately create a better standard of living for a country’s general population in the future, but the initial conditions for the laborers can be harsh. The low wage labor force achieves this goal by creating a competitive labor market which has the ability to stimulate economic growth. Once the initial steps of creating manufacturing and industry are achieved, then the general standard of living has robust potential to increase in the country as …

Why Isn't China Exporting Automobiles? : A Model Of Technology Adoption, Nianchen Han

Honors Theses

In modern times, the automobile industry has become a relatively labor intensive industry as compared to other industries such as the food processing industry orIT industry. Normally, several people are involved in each process of an automobile production line. However, for a food processing firm such as a bottled water firm, it only takes a few people to control the huge machine in the factory. Under the Heckscher-Ohlin theorem’s assumption, a country will operate an industry that is intensive in its abundant resource. That means a labor abundant country will produce labor intensive goods and a capital abundant country will …

2013-1 The Changing Determinants Of High School Attainment In Rural China, Juan Yang, Terry Sicular, Desheng Lai

Centre for Human Capital and Productivity. CHCP Working Papers

No abstract provided.

Guanxi, Networks And Economic Development: The Impact Of Cultural Connections, Patricia Anne Weeks

USF Tampa Graduate Theses and Dissertations

The purpose of this study is to explore the mechanics of guanxi in an organizational setting, focusing on the use of interpersonal relationships within Chinese firms to discover how firms initiate, build and use guanxi networks. Two richly detailed case studies document changes that take place over time in two distinct networks with respect to key actors and their contacts. This research also investigates patterns of social structure that emerge over time in these two distinct cases looking at brokerage relationships, network density, and dyadic redundancy in three waves at six month intervals. The cases are dissimilar in all aspects …

Setting The Agenda: Asia And Latin America In The 21st Century, Ariel C. Armony

Center for Latin American Studies Publications

Latin America and Asia are among the world’s fastest growing regions. Trade between Asia and Latin American and Caribbean countries has risen dramatically in recent years. It is undeniable that Asia now plays a formidable role in the economic development of the region. This publication emerges out of the University of Miami’s 2012 “Asia and Latin America in the 21^st Century” conference, where leaders from academic, policy, business, and media communities from around the world convened to address the macroeconomic trends, trade relations, and sociopolitical trends that have emerged as the links between Asia and Latin America strengthen. Organized …

Regional Allocation Of Carbon Dioxide Abatement In China, Chu Wei, Jinlan Ni, Limin Du

Economics Faculty Publications

https://doi.org/10.1016/j.chieco.2011.06.002

Determinants Of Odi From China And Other Emerging Economies: Evidence From New Miro-Level Dataset, Leiyin Zhu

All Theses

As a former major recipient of foreign direct investment (FDI), China is now turning into a big source. Studies have made great attempts to characterize China's outward FDI (ODI), and have explained the forces behind investment decisions. In our study, we first try to illustrate China's outward investment pattern with a background of BRIC countries in terms of sectorial and geographical distribution. Furthermore, by adopting a micro-level dataset, we are going to show a different picture of what has driven China to conduct ODI in host countries in comparison with Russia within the same framework. Our ultimate goal is to …

The Impact Of Local Environmental Quality On International Tourism Demand: The Case Of China, Cong Huang

Master's Theses

Abstract: This paper studies the impact of local environmental quality on international tourism demand based on a panel data set of tourist arrivals from ten foreign countries in 18 typical provinces in China over the period of 1999-2010. Ordinary Least Squares (OLS) with different specifications show that the growth of pollution has a negative and significant influence on the international tourism demand. More specifically, the air quality plays a crucial role in this relationship, whereas the water quality does not. In addition, similar results can be found after addressing the potential endogeneity between environmental quality and tourism with the use …

Love And Money By Parental Match-Making: Evidence From Urban Couples In China, Fali Huang, Ginger Jin, Lixin Collin Xu

Research Collection School Of Economics

Parental involvement in marriage matchmaking may distort the optimal spouse choice because parents are willing to substitute love for money. The rationale is that the joint income of married children can be shared among extended family members more easily than mutual attraction felt by the couple themselves, and as a result, the best spouse candidate in the parents' eyes can differ from what is optimal to the individual, even though parents are altruistic and care dearly about their children's welfare. We find supporting evidence for this prediction using a unique sample of urban couples in China in the early 1990s.

Shanghai As An International Financial Center - Aspiration, Reality And Implication, Raph Luo

Undergraduate Economic Review

China’s rapid economic development, especially in the financial sector, has ignited the discussion of the re-emergence of Shanghai as a leading international financial center (IFC). Much still remains to be done for Shanghai to catch up with established centers such as New York and London, including deepening its capital markets and opening itself up to cross-border capital flows. While Shanghai’s current financial development has been made possible largely by China’s past economic conditions and policies, recent reforms are also likely to guarantee Shanghai the position as a world-class onshore IFC in the near future. The rise of Shanghai will likely …

Does China Still Have A Labor Cost Advantage?, Janet Ceglowski, Stephen S. Golub

Economics Faculty Research and Scholarship

In recent years wages in China have been rising and the yuan has appreciated, potentially eroding China’s cost advantage in manufactures. This paper explores the evolution of China’s relative unit labor costs in manufacturing over 1998-2009. Between 1998 and 2003 China’s unit labor costs fell, but since 2003 they have increased both absolutely and relative to US unit labor costs. Much of the rise in China’s relative unit labor costs can be traced to a real appreciation of the yuan against the dollar. Despite the recent rise, China’s unit labor costs remain low relative to those in most other countries.

Cadbury Twenty Years On, Cally Jordan

Faculty Papers & Publications

This year marks the twentieth anniversary of the publication of the Cadbury Report, one of the most significant events in modern corporate governance. The Cadbury Report, and its simple two page 'best practices', triggered a global debate on corporate governance. 'Cadbury' codes of corporate governance spread like wildfire. The legacy of the Cadbury Report lives on in the UK with no diminution in the appeal of its voluntary code/comply or explain approach to corporate governance. But there are several clouds looming on the horizon. Comply or explain and voluntary codes of corporate governance appear to have run their course elsewhere …

Dragon Versus Eagle: The Chinese Economy And U.S.-China Relations, Wei-Chiao Huang Editor, Huizhong Zhou Editor

Upjohn Press

This book contains a group of papers that examine the complex and evolving economic relationship between China and the United States.

Comparative Case Studies Of Rent-Seeking In China’S State-Owned Enterprises: The Ministry Of Railway And China Mobile, Wendy Qian

CMC Senior Theses

The problem of rent-seeking in China’s state-owned enterprises has worsened since the rapid increase in infrastructure investment, such as telecom and railway. State-owned enterprise reform in China has given licensing power to officials and executives without sufficient checks and balances. The Chinese government plans to introduce corporate governance structures and encourage private investment for the previously state-dominated industries, such as the railway industry, in the next decade. Yet these formalities cannot eradicate the political problem of corruption. This thesis will examine rent-seeking through the case studies of China Mobile’s former deputy general manager and Communist Party secretary Zhang Chunjiang’s patronage …