In this paper,we divide fixed capital stock into domestic fixed capital stock and foreign fixed capital stock (FDI stock), then by consideration of the environmental deletion, we make use of the BM productivity index to decompose the source of economic growth from 1998 to 2011. The findings show...

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This paper empirically analyze the nonlinear relation between real output per capital and public debt by employing threshold cointegration method based on ARDL model. Empirical results show that there exists a threshold cointegration relationship between government debt and real output per...

In term of time and space, economic changes are non-ergodic, reform speed and equilibrium is determined by the characteristics of time and space. The great achievements of China's gradual reforms are by no means accidental, time-space dependence and non-ergodic economic changes is consistent...

Chinese Abstract:...

Chinese Abstract:...