In explaining dramatic changes in Chinese household savings and money demand behaviour in the reform period, previous studies proposed and tested three different hypotheses. However, no effort has been made to distinguish quantitatively between forced and voluntary savings in terms of their...

Dissatisfied with little evidence provided on various hypotheses concerning the revenue-expenditure relation in China, this paper is an empirical endeavour to fill the gap through a battery of econometric tests for causality based on vector error correction and vector autoregression models. A...

Heien and Wessells' two-step estimator for the multivariate sample-selection model has been used extensively during the past 15 years. A modified version of it, with slightly different selectivity regressors, has also appeared in the empirical literature. Both estimators are unfounded and...

The spatial structure of county-level agricultural production in China in 1999 is analysed. A convenient simple method that corrects for both spatial autocorrelation and spatial heterogeneity in the input-output relationships using spatial lag models and an allowance for the response...