This paper aims to verify the existence of "resource curse" with the proposed new model, named generalized weighted least squares support vector panel regression model, from the perspective of spatial heterogeneity, in response to the debate of scholars. Our case study focuses on the data of 31...

Recent research shows that the annual average concentration and winter average concentration of PM2.5 in Chinese cities have exhibited a convergence trend since 2013. However, the urban air situation in China remains far from ideal. For an authoritative government, vertical environmental...

This study examines how digital economy development in China impacts the urban-rural income gap. We construct a digital economy development index using panel data from 30 provinces and cities in China from 2013 to 2021. By combining a spatially varying coefficient model with a chain-mediated...

Based on the model of weighted nonparametric estimation, the study aims to investigate liquidity impact on sector returns in Stock Exchanges in China. The two results are empirically shown using the data of financial services, traffic facilities, and nonferrous metals sectors from Shanghai and...

Based on the model of weighted nonparametric estimation, the study aims to investigate liquidity impact on sector returns in Stock Exchanges in China. The two results are empirically shown using the data of financial services, traffic facilities, and nonferrous metals sectors from Shanghai and...

The financial market provides a mechanism for aggregating information of heterogeneous traders, who have different beliefs, knowledge and trading strategies. This paper studies the interactions between heterogeneous traders and their impacts on price discovery by developing a pricing model for...

This study investigates the environmental implications of cryptocurrency energy consumption on climate change. Using a spectrum of approaches, including Granger causality across quantiles, cross-quantilograms, and dynamic connectedness, we provide novel evidence on the nexus between Bitcoin...

Since the 1980s, important and progressive reforms have profoundly reshaped the structure of the Chinese banking system. Many empirical studies suggest that financial reform promoted bank competition in most mature and emerging economies. However, some earlier studies that adopted conventional...