The goal of this research is to identify the assets and constraints that exist specific to small business manufacturers in Vermont. To satisfy this goal, the study examines factors that influence location decisions as well as identifying what obstacles business owners have experienced. The idea...

While China’'s economic reform has brought about significant economic growth, there is a considerable debate about the impact of such market-oriented reform on income and welfare distributions. This paper examines the changes in income and welfare distributions in urban China from 1981 to 1998...

This article proposes a semiparametric two-step procedure for estimating a censored consumer demand system with micro data. The semiparametric estimator considered in the first step is suggested by Klein and Spady (1993). This estimator, used as a counterpart of the probit estimator in a...