This paper studies the effects of privatization and non-ownership-change reforms on firms’ productivity in China. As one of the most prominent empirical challenges in China privatization studies, endogeneity problems are addressed with a first-difference instrumental variable GMM estimation....

Previous studies on the spread of obesity in social networks have focused on the contemporaneous effect of peer weight outcomes on individuals. The present paper is the first to investigate the longer term effects, within adolescence and from adolescence into early adulthood, of peers on...

Traditional panel stochastic frontier studies on privatization of Chinese State-owned firms face a major challenge, namely, the endogeneity problem. The endogeneity problem is present because decision-making process of privatization in China is very likely influenced by some unobserved...

This paper studies the effects of privatization and non-ownership-change reforms on firms’ productivity in China. As one of the most prominent empirical challenges in China privatization studies, endogeneity problems are addressed with a first-difference instrumental variable GMM estimation....

This paper explains the tobacco tax structure and cigarette pricing mechanism in China, develops a general analytical framework for analyzing the Chinese tobacco turnover tax system, and examines the effects of 2009 tobacco tax adjustment on cigarette prices and tax revenue. We find that...

The COVID-19 pandemic has profoundly impacted the economy and human lives worldwide, particularly the vulnerable low-income population. We employ a large panel data of 5.6 million daily transactions from 2.6 million debit cards owned by the low-income population in the U.S. to quantify the joint...

To shave peaks and fill valleys, the thermal power units are required to increase their operating time in the low-load range which negatively affects the denitrification of selective catalytic reduction (SCR). To quantify the effect, it is necessary to make an accurate prediction on the...

Zirconium-based metal–organic frameworks (Zr-MOFs) have emerged as a promising candidate for efficiently eliminating toxic chemicals under ambient conditions. Herein, we demonstrate the remarkable ammonia capture capabilities of the hierarchically porous MOF-808 xerogel (G808) macrostructure...

In explaining economic phenomena, economic analysis concentrates on selected influences and fixes the host of other factors under a ceteris paribus clause. This view, which goes back to Alfred Marshall (1842-1924), is developed in the first part of the book. Aggregation is viewed as a particular...

Life annuities provide a guaranteed income for the remainder of the recipient’s lifetime, and therefore, annuitization presents an important option when choosing an adequate investment strategy for the retirement ages. While there are numerous research articles studying annuities from a...