The Impact of the US Election on the US Economy and China’s Economy and the Countermeasures

Xi, Xiaojuan; Xiao, Danni

doi:10.4236/jss.2021.92034

Cited by 2 publications

(2 citation statements)

References 2 publications

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“…By 1998, China's traditional manufacturing exports to East Asia had declined by 10.5%, to Japan by 4.3%, and to South Korea by a significant 30.2% [14]. The Chinese Ministry of Finance and the Ministry of Foreign Trade and Economic Cooperation advocated for RMB devaluation to sustain China's export-import momentum [15]. However, the Bank of China (PBC) and the People's Development Council of China (SPC) have emphasized the adverse domestic and international repercussions of a depreciation of the RMB.…”

Section: China -Reasonableness Of Insistence On a Fixed Exchange Rate...mentioning

confidence: 99%

A Comparison of the Macroeconomic Systems in China and Thailand under Impossible Triangle Theory

2024

AEMPS

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Amidst the 1997 Asian financial crisis, the contrasting experiences of China and Thailand shed light on the pivotal role played by capital controls in economic resilience. This study aims to employ a mixed-method approach, combining qualitative and quantitative methods, as well as comparative analysis, to delve deeper into the dynamics at play. The central argument posited here revolves around China's effective employment of capital controls, which facilitated the preservation of a fixed exchange rate regime and the seamless execution of an expansionary monetary policy. These measures shielded China from the adverse repercussions of the financial crisis. In contrast, Thailand's excessive capital liberalization and unwavering commitment to a fixed exchange rate system stripped the country of its ability to independently manage monetary policy. Consequently, Thailand suffered devastating consequences in the wake of the crisis.

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Section: China -Reasonableness Of Insistence On a Fixed Exchange Rate...mentioning

confidence: 99%

A Comparison of the Macroeconomic Systems in China and Thailand under Impossible Triangle Theory

2024

AEMPS

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“…To do scientific election forecasting and economic performance in France, Iowa Model was applied in 2007 (Lewis-Beck et al, 2008). Similarly, the study of Xi and Xiao (2021) used a log-linear model and grey prediction model for the quantitative analysis of different candidates elected in the US and Chinese economies. Feng (1997) used a three-stage leastsquares estimation approach to investigate the interactions between democracy, political stability, and economic growth with the data from 96 countries over the period 1960 to 1980.…”

Section: Conceptual Frameworkmentioning

confidence: 99%

Political Disorders and Economic Growth Nexus during 1960-2020: An Empirical Analysis of South-Asian Countries

Oli

2022

QJMSS

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Background: The election is a process of transferring power and authorities to lead the public position in democratic practice. This process not only hands over the power for the decision making but also introduces changes in the governing system that influence either way to the individual, firms, community, society, and the entire nation through various governing tools. An election affects the economic system from within and outside in south-Asian countries. Therefore, the south-Asian economy keeps tracking the different types of elections to adjust their economic system accordingly grounded on the level of its harm and benefits. Academic research can provide a directional understanding of how the election can influence the economy. Objective: The major objective of this study is to examine the impact of the national election on the economy in South Asian countries. Methods: This study has employed the panel data of five major south-Asian countries: Bangladesh, India, Nepal, Pakistan, and Sri Lanka, from 1960 to 2020. We collected the series of data from the World Bank database and the official websites of respective countries. The data were empirically analyzed using the difference-in-difference (DID) method and descriptive statistics. Results: An empirical analysis result shows a positive role of the national election in South Asia except for Pakistan. Further, this study also indicates that the coefficient of different-in-difference is positive, indicating a positive impact of the first Constituent Assembly Election-2008 on economic growth in Nepal. However, this analysis also shows that the national election before the Constituent Assembly (CA) Election-2008 had a more significant positive impact on economic growth than the post-CA elections in Nepal. Conclusions: Overall, this study concludes that the national election has a positive impact on economic growth in South Asia except for Pakistan, but the degree of influence depends on the socio-political and economic structure of the respective country in the region. Implications: The findings of this paper would be useful for scholars interested in a sociopolitical economy in the south Asian region and equally valuable for the policy stakeholders.

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The Impact of the US Election on the US Economy and China’s Economy and the Countermeasures

Cited by 2 publications

References 2 publications

A Comparison of the Macroeconomic Systems in China and Thailand under Impossible Triangle Theory

A Comparison of the Macroeconomic Systems in China and Thailand under Impossible Triangle Theory

Political Disorders and Economic Growth Nexus during 1960-2020: An Empirical Analysis of South-Asian Countries

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