Empirical Research of Macroeconomic Effects of Capital and Financial Account Liberalization in China
Why this work is in the frame
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Bibliographic record
Abstract
This paper divides the sample from the first quarter of 1993 to the forth quarter of 2008 into two sub-samples,which boundary is 2001.VAR model is used to examine macroeconomic effects of capital account liberalization.The results show that capital account liberalization has changed the contracture of capital flows.In 1993—2000,the most part of capital flows are explained by current account shocks.By the same token,capital account movements are explained more by their own shocks.The influences on macroeconomic variables of capital flows are different between 1993—2000 period and 2001—2008 period.Compared to the influences of capital flows in 1993—2000,it is more acute and sensitive.The reason may be that capital inflows are used differently.
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Full frame distilled prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.
Codex and Gemma teacher scores by category
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.001 | 0.001 |
| Meta-epidemiology (narrow) | 0.000 | 0.000 |
| Meta-epidemiology (broad) | 0.001 | 0.000 |
| Bibliometrics | 0.000 | 0.000 |
| Science and technology studies | 0.000 | 0.000 |
| Scholarly communication | 0.000 | 0.000 |
| Open science | 0.000 | 0.000 |
| Research integrity | 0.000 | 0.001 |
| Insufficient payload (model declined to judge) | 0.000 | 0.000 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it