Privatization of public-sector enterprises (PSEs) has generated billions of dollars to support fiscal and macroeconomic imbalances in several developing countries. A limited literature evaluates the recent privatization program impacts on the PSEs. This study empirically investigated the...

This paper analyzes the impact of high-speed train construction on enterprise innovation and its specific mechanisms by establishing high-speed train-city-firm level panel data and constructing a multi-period DID model in China. The results show that, firstly, the construction of a high-speed...

Using data on U.S. adults from the National Health Interview Survey (NHIS), we estimate the causal income elasticity of tanning bed usage conditional upon use. While controlling for individual characteristics, we employ instrumented probit and count data estimation to show that tanning bed usage...

Launched in 2017 the Green Belt and Road policy acts as an important upgrade to China's recent core foreign strategy (i.e., the Belt and Road Initiative) and aims to balance the economic development and environmental harmony in countries along the routes. In this paper, we take the...

Based on the university enrollment expansion policy implemented by the Chinese government in 1999, I use the difference-in-difference method to explore the effects of human capital expansion on firms' markup and the influencing mechanism. Findings suggest that human capital expansion...

This paper uses a Bertrand duopoly model application and derives a high fructose corn syrup (HFCS) price reaction function that shows the response of the price of HFCS to changes in the price of sugar. It conducts cointegration analysis and assesses the performance of the HFCS price reaction...

Based on three waves of a nationwide household survey in China, we demonstrate that social networks facilitate household financial market participation and risky asset holding. By constructing an index that considers various dimensions of social networks, our extensive empirical analysis...

We investigate the impact of European Union (EU) integration on capital flows to prospective new EU member states. Using annual data between 1992 and 2020, our results suggest that although EU integration increased net capital flows before the Global Financial Crisis (GFC), it was not able to...

Based on data from Chinese A-share listed companies from 2008-2018, an investigation is carried out upon the impact of mixed ownership reforms and relative control transfers on corporate innovation before and after the occurrence of mixed ownership reforms, and relative control transfers in...

This paper reviews earlier studies and shows that the money demand (MD) relationship under a fixed exchange rate (ER) regime differs from that under a floating ER regime, mainly due to the limited role of monetary policy in the former regime. It then empirically demonstrates that an open-economy...