Xingwei Hu's Books

Crime and the Economy in Mexican States

Heterogeneous Panel Estimates (1993-2012)

By: Ms.Concha Verdugo Yepes,Mr.Peter L. Pedroni,Xingwei Hu

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Crime and the Economy in Mexican States

Heterogeneous Panel Estimates (1993-2012)

By: Ms.Concha Verdugo Yepes,Mr.Peter L. Pedroni,Xingwei Hu

This paper studies the transmission of crime shocks to the economy in a sample of 32 Mexican states over the period from 1993 to 2012. The paper uses a panel structural VAR approach which accounts for the heterogeneity of the dynamic state level responses in GDP, FDI and international migration flows, and measures the transmission via the impulse response of homicide rates. The approach also allows the study of the pattern of economic responses among states. In particular, the percentage of GDP devoted to new construction and the perception of public security are characteristics that are shown to be associated with the sign and magnitude of the responses of economic variables to crime shocks.

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International Monetary Fund

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ISBN 10

151354196X

ISBN 13

9781513541969

The Role of Structural Fiscal Policy on Female Labor Force Participation in OECD Countries

By: Miyoko Asai,Qiaoe Chen,Mr. Jiro Honda,Xingwei Hu,Qianqian Zhang

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The Role of Structural Fiscal Policy on Female Labor Force Participation in OECD Countries

By: Miyoko Asai,Qiaoe Chen,Mr. Jiro Honda,Xingwei Hu,Qianqian Zhang

This paper examines the role of structural fiscal policies to promote female labor force participation and reduce gender gaps in labor markets in 26 OECD countries from 2000 to 2019. As both female labor force participation and many explanatory/control variables clearly exhibit non-stationarity (potentially leading to spurious regression results), we employ a panel vector error-correction model, in contrast with most previous empirical studies on this matter. Our analyses confirm statistically significant positive impacts of government spending on (1) early childcare and education, (2) active labor market programs, and (3) unemployment benefits, all of which would help encourage women to enter the labor force, while (4) an increase in relative tax rate on second earner could have negative impact on female labor force participation.

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International Monetary Fund

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ISBN 13

9798400254956

Recognizing the Bias

Financial Cycles and Fiscal Policy

By: Mrs.Nina Budina,Mr.Borja Gracia,Xingwei Hu,Mr.Sergejs Saksonovs

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Recognizing the Bias

Financial Cycles and Fiscal Policy

By: Mrs.Nina Budina,Mr.Borja Gracia,Xingwei Hu,Mr.Sergejs Saksonovs

This paper argues that asset price cycles have significant effects on fiscal outcomes. In particular, there is evidence of debt bias—the tendency of debt to increase over the cycle— that is significantly larger for house price cycles than stand-alone business cycles. Automatic stabilizers and discretionary fiscal policy generally respond to output fluctuations, whereas revenue increases due to house price booms are largely treated as permanent. Thus, neglecting the direct and indirect impact of asset prices on fiscal accounts encourages procyclical fiscal policies.

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International Monetary Fund

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ISBN 10

1513527231

ISBN 13

9781513527239

Dynamic Response and Deformation Characteristic of Saturated Soft Clay under Subway Vehicle Loading

By: Yiqun Tang,Jie Zhou,Xingwei Ren,Qi Yang

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Dynamic Response and Deformation Characteristic of Saturated Soft Clay under Subway Vehicle Loading

By: Yiqun Tang,Jie Zhou,Xingwei Ren,Qi Yang

Involving several areas of geological engineering, geotechnical engineering and tunnel engineering, this book describes the soft soil deformation characteristics and dynamic responses induced by subway vibration load. Based on field monitoring and laboratory testing data, with both comprehensive micro-and macroanalysis, the authors present dynamic characteristics and deformation settlement of saturated soft clay surrounding subway tunnels using dynamic and static methodology. Mechanism of deformation, failure in microstructure of soft clay soil, dynamic response, macro deformation and settlement are all discussed and analyzed thoroughly and systematically. Some of the research findings in this book have been widely applied by large subway companies and will have broader application prospects in future. All the above make this book a valuable reference not only for technical engineers working in subway design or construction but also for advanced graduate students. Prof. Yiqun Tang works at the Department of Geotechnical Engineering, Tongji University, Shanghai, China.

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