Business cycles and economic growth have long been studied separately, hindering understanding of the nature and causes of economic fluctuations and growth. Here, we present an economic model that incorporates both deterministic trends and persistent fluctuations, derived from a general economic...

Share repurchase conveys information to investors and influences stock price in capital market. Normally when a company announces share buyback, the company's stock price will rise immediately. Thus, some insiders may take advantage of this pattern and create a fake repurchase event. When the...

Ensuring fairness in income distribution is a fundamental requirement in achieving common prosperity. This study employed panel data sourced from 276 cities throughout China, covering the time frame from 2003 to 2022. It sets up a multi-stage difference-in-differences (DID) model to explore the...