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The effect of a Chinese minimum wage increase on China’s textile market as well as on the world cotton market is evaluated. Based on a Nonlinear Quadratic Almost Ideal Demand System (NQAIDS) model of China’s textile demand, the results suggest that the income elasticity for textiles is...
Persistent link: https://www.econbiz.de/10009020945
Thirty years ago, China began implementing a series of reforms to improve efficiency in agricultural production. These, and subsequent, reforms reshaped China’s position in the world economy. China’s rapid economic development and transformation from a planned to a market-oriented economy,...
Persistent link: https://www.econbiz.de/10008456872
China’s agricultural and trade policies have been shifting despite little change in policy objectives. This paper investigates potential implications of recent agriculture policies applied in China, and quantitatively analyzes their impacts on domestic and international commodity markets....
Persistent link: https://www.econbiz.de/10010913421