In this paper, an adaptive gradient algorithm (AGM) for box constrained optimization is developed. The algorithm is based on an active set identification technique and consists of a nonmonotone gradient projection step, a conjugate gradient step and a rule for branching between the two steps. We...

This paper explores the influence of spatial effects on the convergence of total factor productivity (TFP) across Chinese regions. We use the Moran index, Markov transition matrix and panel data techniques to analyse spatial dependence, transition dynamics and disparities in TFP across Chinese...

This paper examines how Chinese RMB appreciation affects China and its competitor¡¯s exports to the third market at industry level. We develop a two-country competition model to analyze the trade destruction effect and trade diversion effect of RMB appreciation. The theoretical analysis shows...

This paper proposes a new insight that the technology gap plays double-edged roles in the technology spillovers of foreign direct investment (FDI) through two channels, technology choice set and technology absorptive capability. Applying a multiple-threshold model, we examine the non-linear...

This paper assesses the transmission impacts of world iron ore price fluctuation on China's macroeconomics and industries. The analytical framework is a computable general equilibrium model. The results demonstrate that a sharp increase in imported iron ore price will exert certain negative...

This paper assesses the transmission impacts of world iron ore price fluctuation on China's macroeconomics and industries. The analytical framework is a computable general equilibrium model. The results demonstrate that a sharp increase in imported iron ore price will exert certain negative...

This paper examines the drivers behind China's economic growth. In particular, it focuses on the channels of knowledge spillovers: human capital and openness to trade and foreign direct investment. The specific features of the study include using the most recent comprehensive panel data...