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Small and medium-sized enterprises (SMEs) are the important driving forces for the growth of China's economy. However, financing difficulty has always been the important problem besetting the development of SMEs for a long time. In this paper, based on micro-data from 2007 China Industrial Enterprise Database, Propensity Score Matching (PSM) method is adopted to conduct empirical analysis of indirect...
In this paper, We adopt VAR model to estimate the technology sourcing effects of China's ODI on its domestic productivity growth and the contribution of two sources of productivity growth - technological progress and efficiency change, respectively. We examine these with data from China's direct investment in 8 developed countries during 1991 and 2007. We find the ODI to be strongly beneficial to...
As an important international competitiveness indicator, real effective exchange rates based on unit labor costs can provide a reliable gauge of price competitiveness about the relative profitability of traded goods in manufacturing. This paper uses reliable data of trade and output data in manufacturing of 21 countries from 1989 to 2003, and adopts time-varying weights, which can reflect the rapidly...
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