Wiley-Blackwell: Pacific Economic Review最新文献_第3页

Do Intellectual Property Rights Matter to Taiwan's Exports? A Dynamic Panel Approach 知识产权对台湾出口有影响吗?动态面板方法

Wiley-Blackwell: Pacific Economic Review Pub Date : 2009-10-01 DOI: 10.1111/j.1468-0106.2009.00460.x

Chih‐hai Yang, Yi-Ju Huang

引用次数: 25

Measures of International Relative Prices for China and the USA 中国和美国的国际相对价格测量

Wiley-Blackwell: Pacific Economic Review Pub Date : 2009-08-01 DOI: 10.1111/j.1468-0106.2009.00456.x

Charles P. Thomas, Jaime R. Marquez, Sean Fahle

{"title":"Measures of International Relative Prices for China and the USA","authors":"Charles P. Thomas, Jaime R. Marquez, Sean Fahle","doi":"10.1111/j.1468-0106.2009.00456.x","DOIUrl":"https://doi.org/10.1111/j.1468-0106.2009.00456.x","url":null,"abstract":"In this paper we assemble a measure of international relative prices to gauge the average amount by which prices in China and the USA differ from the prices of their trading partners. Our estimated weighted average of relative prices for China and the USA are the first to use the significantly revised purchasing power parities embodied in the price data from the World Bank's World Development Indicators. Our analysis reveals several findings of interest. First, interactions between the structure of trade and the levels of relative prices are sufficiently important to induce divergences between the weighted average of relative prices and conventional real effective exchange-rate indexes. Second, revisions embodied in World Development Indicators price data generally lower the estimate of US international relative prices. Third, net exports are inversely related to the estimate of US international relative price, but, for China, the correlation is positive. Estimating this correlation for other countries reveals no systematic pattern related to the level of development alone. Fourth, unlike previous work, using our price measures we find that an increase in US prices relative to Chinese prices raises the share of China's exports to the USA. Finally, there is a distinct possibility of eliminating the long-standing differential in income elasticities of US trade in empirical applications.","PeriodicalId":134313,"journal":{"name":"Wiley-Blackwell: Pacific Economic Review","volume":"109 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115165080","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 9

The Effect of Exchange Rate Changes on China's Labour-Intensive Manufacturing Exports 汇率变动对中国劳动密集型制造业出口的影响

Wiley-Blackwell: Pacific Economic Review Pub Date : 2009-08-01 DOI: 10.1111/j.1468-0106.2009.00458.x

Willem Thorbecke, Hanjiang Zhang

引用次数: 54

Measuring the Effects of Oil Prices on China's Economy: A Factor-Augmented Vector Autoregressive Approach 衡量油价对中国经济的影响:一个因子增强向量自回归方法

Wiley-Blackwell: Pacific Economic Review Pub Date : 2009-08-01 DOI: 10.1111/j.1468-0106.2009.00457.x

F. Lescaroux, V. Mignon

引用次数: 44

Dualism in Job Stability of the Korean Labour Market: The Impact of the 1997 Financial Crisis 韩国劳动市场就业稳定性的二元论:1997年金融危机的影响

Wiley-Blackwell: Pacific Economic Review Pub Date : 2009-04-27 DOI: 10.1111/j.1468-0106.2009.00431.x

Joonmo Cho, Jae-ho Keum

引用次数: 28

Fear of Floating in East Asia? 害怕在东亚漂浮?

Wiley-Blackwell: Pacific Economic Review Pub Date : 2009-04-27 DOI: 10.1111/j.1468-0106.2009.00445.x

Soyoung Kim, S. Kim, Yunjong Wang

引用次数: 17

Empirics of China's Outward Direct Investment 中国对外直接投资的实证研究

Wiley-Blackwell: Pacific Economic Review Pub Date : 2009-04-01 DOI: 10.1111/j.1468-0106.2009.00451.x

Y. Cheung, Xingwang Qian

引用次数: 443

Efficiency of Liability Rules with Multiple Victims 多重受害人责任规则的有效性

Wiley-Blackwell: Pacific Economic Review Pub Date : 2009-02-01 DOI: 10.1111/j.1468-0106.2009.00439.x

S. Jain

{"title":"Efficiency of Liability Rules with Multiple Victims","authors":"S. Jain","doi":"10.1111/j.1468-0106.2009.00439.x","DOIUrl":"https://doi.org/10.1111/j.1468-0106.2009.00439.x","url":null,"abstract":"This paper investigates the structure of liability rules from the efficiency perspective when there are multiple victims. It is shown that, when there is one injurer and multiple victims, there is no liability rule with the property of invariably yielding efficient outcomes. The fact that there is no rule which is efficient for all applications of course does not in any way preclude the possibility of a rule being efficient with respect to some subclass of applications which may be of interest. We consider in this paper the important subclass of applications ( ′) which are such that the expected loss of a victim depends only on the care level taken by that victim and the care level taken by the injurer. It is shown that a sufficient condition for a one-injurer multiple-victim liability rule to be efficient with respect to the above subclass of applications ′ is that its structure be such that: (i) whenever the injurer is negligent and a particular victim is non-negligent, the entire loss incurred by that victim must be borne by the injurer; and (ii) whenever a particular victim is negligent and the injurer is non-negligent, the entire loss incurred by that victim must be borne by the victim himself. In fact, for an important subclass of one-injurer multiple-victim liability rules, characterized by the condition that the proportions in which the loss incurred by a particular victim is to be borne by the injurer and that victim must depend only on the non-negligence proportions of the injurer and that victim, the above condition is both necessary and sufficient for efficiency with respect to the restricted subclass of applications ′. Copyright 2009 The Author. Journal compilation 2009 Blackwell Publishing Asia Pty Ltd","PeriodicalId":134313,"journal":{"name":"Wiley-Blackwell: Pacific Economic Review","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121884412","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3

New Estimation of China's Exchange Rate Regime 对中国汇率形成机制的新估计

Wiley-Blackwell: Pacific Economic Review Pub Date : 2009-02-01 DOI: 10.1111/j.1468-0106.2009.00454.x

J. Frankel

{"title":"New Estimation of China's Exchange Rate Regime","authors":"J. Frankel","doi":"10.1111/j.1468-0106.2009.00454.x","DOIUrl":"https://doi.org/10.1111/j.1468-0106.2009.00454.x","url":null,"abstract":"Abstract. The present paper updates the question: what precisely is the exchange rate regime that China has put into place since 2005, when it announced a move away from the US dollar peg? Is it a basket anchor with the possibility of cumulatable daily appreciations, as was announced at the time? We apply to this question a new approach of estimating countries’ de facto exchange rate regimes, a synthesis of two techniques. One is a technique that has been used in the past to estimate implicit de facto currency weights when the hypothesis is a basket peg with little flexibility. The second is a technique used to estimate the de facto degree of exchange rate flexibility when the hypothesis is an anchor to the US dollar or some other single major currency. Because the RMB and many other currencies today purportedly follow variants of band-basket-crawl, it is important to have available a technique that can cover both dimensions, inferring weights and inferring flexibility. The synthesis adds a variable representing ‘exchange market pressure’ to the currency basket equation, whereby the degree of flexibility is estimated at the same time as the currency weights. This approach reveals that by mid-2007, the RMB basket had switched a substantial part of the US dollar's weight onto the euro. The implication is that the appreciation of the RMB against the US dollar during this period was due to the appreciation of the euro against the dollar, not to any upward trend in the RMB relative to its basket.","PeriodicalId":134313,"journal":{"name":"Wiley-Blackwell: Pacific Economic Review","volume":"82 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124678043","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 130

Analysis of Policy Changes in the Seafood Processing Industry in Vietnam 越南海产品加工业政策变化分析

Wiley-Blackwell: Pacific Economic Review Pub Date : 2008-12-01 DOI: 10.1111/j.1468-0106.2008.00417.x

Dao Thanh Hong, Q. Le

引用次数: 0