The aim of this paper is to analyze the cross-market interactions between crude oil prices and wheat prices. We investigate the dynamic relationship between world oil market and wheat market in assumption that the increase of volatility in wheat price is caused by the exogenous crude oil price....

In this study we present an analytical framework providing guidelines for discussions and expositions on the various possible transmission mechanisms of the impacts of the global crisis on the Chinese economy. While the crisis had discernible impacts on its finance, the main channels through...

A Payment Cost Minimization auction has been proposed as an alternative to the Offer Cost Minimization auction for use in wholesale electric power markets with an intention to lower procurement cost of electricity. Efficiency concerns have been raised for this proposal while assuming that the...

Specializing in the export of products made intensively from relatively abundant factors of production and in the import of those made from relatively scarce ones has had a lot of traction in international trade practice. Ample evidence, however, now shows that some nations are gaining a...

In this paper, using the 2011 national economic accounting data of the provinces, we evaluated the government department performance by factor analysis. And then calculated the local government department's total output taking advantage of the labor production efficiency. And the labor...

This paper discusses how firms use ¡°big data¡± and the role and challenges for economists when getting involved in big data research. The firms¡¯ success stories have taken advantage of building the biggest databases, using the best extraction tools, and using the fastest algorithms for...