Cross-validation is the most common data-driven procedure for choosing smoothing parameters in nonparametric regression. For the case of kernel estimators with iid or strong mixing data, it is well-known that the bandwidth chosen by crossvalidation is optimal with respect to the average squared...

As a driving force of the New Economy, the role of government in the development of high-tech sectors in China is the focus of this paper. Adopting an institutional approach, we argue that China has coped with simultaneous economic development and institutional transition within its unique...

Purpose By observing facts of the "reversal of agglomeration" of Chinese enterprises during the period of rapid Internet development and using a new economic geography model combined with the data of the real estate sector, this paper deduces the influence of the "reshaping mechanisms" of the...