The paper tests the impact of demographic change on China's economic growth by using 1983–2008 provincial panel data. The deducted result of the theoretical model shows that the share of working-age population is positively correlated with economic growth, whereas birth rate has an adverse...

Extant literatures discuss a firm's security issuance implications of heterogeneous beliefs with explicit assumption that short selling is forbidden. However, it is widely accepted that short sale constraints exist when investors are unable to short stock to the extent they desire. This paper...

This paper aims to present certain composite sustainability efficiency indicators for China based on a sequential generalized directional distance function. This approach can measure the sustainability performance of a country with diverse outputs, nature of technologies, and non-radial slacks....