John Knight and Sai Ding
- Published in print:
- 2012
- Published Online:
- May 2012
- ISBN:
- 9780199698691
- eISBN:
- 9780191739118
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199698691.003.0007
- Subject:
- Economics and Finance, South and East Asia, Financial Economics
This chapter explores some indirect determinants of China's growth success, including sectoral change, increased openness, and institutional change. All three forms of structural change are found to ...
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This chapter explores some indirect determinants of China's growth success, including sectoral change, increased openness, and institutional change. All three forms of structural change are found to raise the growth rate. Each primarily represents an improvement in efficiency, moving the economy towards its production frontier. The chapter examines the growth impacts of openness (Section 7.2), institutional change (Section 7.3), and sectoral change (Section 7.4). In each of these sections the relevant theoretical and empirical literature is discussed, background information for China is provided, and empirical results are summarized. Section 7.5 concludes the chapter by considering various counterfactual simulation analyses in order to throw further light on the underlying question: why has China grown so fast?Less
This chapter explores some indirect determinants of China's growth success, including sectoral change, increased openness, and institutional change. All three forms of structural change are found to raise the growth rate. Each primarily represents an improvement in efficiency, moving the economy towards its production frontier. The chapter examines the growth impacts of openness (Section 7.2), institutional change (Section 7.3), and sectoral change (Section 7.4). In each of these sections the relevant theoretical and empirical literature is discussed, background information for China is provided, and empirical results are summarized. Section 7.5 concludes the chapter by considering various counterfactual simulation analyses in order to throw further light on the underlying question: why has China grown so fast?
A. K. Enamul Haque
- Published in print:
- 2008
- Published Online:
- May 2008
- ISBN:
- 9780199213832
- eISBN:
- 9780191707438
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199213832.003.0005
- Subject:
- Economics and Finance, South and East Asia
This chapter studies the biggest haor system in Bangladesh, the Hakaluki Haor, located in the Sylhet and Moulvi Bazar districts of north-eastern Bangladesh which has been declared an Ecologically ...
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This chapter studies the biggest haor system in Bangladesh, the Hakaluki Haor, located in the Sylhet and Moulvi Bazar districts of north-eastern Bangladesh which has been declared an Ecologically Critical Area (ECA). There is an attempt to develop a sustainable management plan for this haor, focusing on problems of conservation and extraction. Using a simple bio-economic model to provide simulations, the chapter examines the policy options available and whether the current policy adopted by the government with the help of NGOs ensures efficiency or sustainability.Less
This chapter studies the biggest haor system in Bangladesh, the Hakaluki Haor, located in the Sylhet and Moulvi Bazar districts of north-eastern Bangladesh which has been declared an Ecologically Critical Area (ECA). There is an attempt to develop a sustainable management plan for this haor, focusing on problems of conservation and extraction. Using a simple bio-economic model to provide simulations, the chapter examines the policy options available and whether the current policy adopted by the government with the help of NGOs ensures efficiency or sustainability.
Bennett T. McCallum (ed.)
- Published in print:
- 2006
- Published Online:
- February 2013
- ISBN:
- 9780226378978
- eISBN:
- 9780226379012
- Item type:
- chapter
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226379012.003.0002
- Subject:
- Economics and Finance, South and East Asia
This chapter deals with developing a monetary policy rule which helps the authorities to avoid deflation altogether. It specifically describes the development and exploration of a monetary-policy ...
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This chapter deals with developing a monetary policy rule which helps the authorities to avoid deflation altogether. It specifically describes the development and exploration of a monetary-policy rule that is appropriate for use at all times, whether or not short-term nominal interest rates are at their zero lower bound (ZLB). It is noted that the MC rule does provide effective stabilization even with Rt at the ZLB and that the MC rule can perform as well as the Rt rule when the ZLB is irrelevant. The simulations show that under conditions implying that monetary policy via an interest rate rule would be immobilized by the ZLB constraint, the MC rule would provide strong stabilizing policy actions. Under conditions such that the ZLB constraint is not relevant, the MC rule would not significantly hinder monetary policy.Less
This chapter deals with developing a monetary policy rule which helps the authorities to avoid deflation altogether. It specifically describes the development and exploration of a monetary-policy rule that is appropriate for use at all times, whether or not short-term nominal interest rates are at their zero lower bound (ZLB). It is noted that the MC rule does provide effective stabilization even with Rt at the ZLB and that the MC rule can perform as well as the Rt rule when the ZLB is irrelevant. The simulations show that under conditions implying that monetary policy via an interest rate rule would be immobilized by the ZLB constraint, the MC rule would provide strong stabilizing policy actions. Under conditions such that the ZLB constraint is not relevant, the MC rule would not significantly hinder monetary policy.
