China’s remarkable growth in recent years has been often rather arbitrarily ascribed to a number of politico-economic factors. In this volume, the specific effect of foreign direct investment (FDI) inflows is measured quantitatively and estimated on a regional basis. The authors find that...

On a souvent attribué arbitrairement à un certain nombre de facteurs politico-économiques la croissance remarquable de l’économie chinoise de ces dernières années. Cet ouvrage mesure quantitativement l’effet spécifique des entrées de capitaux au titre de l’investissement direct...

This study concerns the impact of China’s “opening and reform” policies on short-term urban industrial growth. It seeks to detail differences in inter-urban growth by observing different degrees of opening and the implementation of reforms. The study also seeks to identify phenomena of...

This paper examines how priority setting in health care expenditures is influenced by the presence of uncertainty about the severity of the illness and the effectiveness of medical treatment. We provide necessary and sufficient conditions on social preferences under which a social planner will...

This paper presents a general result on the random selection of an element from an ordered sequence of risks and uses this result to derive additive and cross risk apportionment. Preferences favoring an improvement of the sampling distribution in univariate or bivariate first-order stochastic...

The existing literature on savings, insurance, and portfolio choices under risk has revealed that quite often comparative statics results depend, among other things, upon the values of the coefficients of relative risk aversion and relative prudence. More specifically the benchmark values for...