Since 1997, when the political sovereignty of Hong Kong reverted to China, the integration of the two economies has steadily increased. This article examines the economic and institutional differences between mainland China and Hong Kong, and considers the spillover benefits for the provinces...

This article examines the growth attributes of manufacturing industries in China for the sample period of 1999-2007. All manufacturing industries are grouped into and four main industry groups and four geographical regions. A revised Solow’s growth method is used to decompose the growth...

This paper analyzes the productivity change of the thirty provinces in China’s post-reform economy. The productivity change is estimated from the stochastic frontier model, in which the maximum likelihood estimation is applied to an augmented logarithmic production function incorporated with a...

By relaxing the two assumptions of constant returns to scale and perfect competition in the product market used by Solow (1957), this paper identifies a new decomposition of economic and productivity growth. The sources of economic growth are; adjusted economies of scales effect, weighted sum of...

This paper examines and applies the theoretical foundation of the decomposition of economic and productivity growth to the thirty provinces in China’s post-reform economy. The four attributes of economic growth are input growth, adjusted economies of scale effect, technical progress, and...

The paper discusses China’s post-reform regional economic growth imbalance relative to input disparity in technology, physical and human capital. Institutional sources of finance and types of ownership are used to construct physical capital. Technology is measured by investment in innovation,...

This paper examines and applies the theoretical foundation of the decomposition of economic and productivity growth to the thirty provinces in China’s post-reform economy. The four attributes of economic growth are input growth, adjusted scale effect, technical progress, and efficiency growth....

This paper examines the impact of federal securities statutes (seven major legislative acts and 535 amendments) on the mean and variance of total real U.S. stock market returns. In contrast to previous work, this study controls for the persistence of the variability of stock returns, employs a...

Virtually all business and economics statistics texts start their discussion of hypothesis tests with some more-or-less detailed reference to criminal trials. Apparently, these authors believe that students are better able to understand the relevance and usefulness of hypothesis test procedures...