Utilizing a large transaction-level dataset on housing mortgages in China, this study estimates the effect of the mortgage rate spread between long- and short-term loans on property purchasers choice of loan length. Our identification of the causal effect of this spread on loan length hinges on...

The growth of healthcare expenditure provokes constant comments and discussions, as countries battle the issues on cost containment and cost effectiveness. Prior to 1978, medical institutions in China were either state‐owned or were collective public hospitals. Since 1978, China has been...

This paper uses the 2008 Wenchuan earthquake in China as a natural experiment to examine how the housing market reacted to this unforeseen, extreme event. We use a unique transaction dataset for new (under construction) apartment units to analyze the pricing behavior of units in lower versus...

The Chinese government has adopted a rebalancing strategy since 2011, shifting from an investment- to consumption-oriented growth model. An aim of this reform is for a “greener” development mode, but relevant empirical evidence is slim. In this study, we propose an innovative methodology to...

We revisit the effect of trade openness on environmental quality by utilizing data on the air visibility of 134 countries during 1961–2004. We find a significantly negative impact of trade openness on air quality, not only for developing economies, but also for developed ones. This finding is...

Using unique survey data on agricultural traders in China in 2004, this study provides direct evidence on the significance of inter-regional trade barriers and their key components. Our major findings are as follows. (1) The trade barriers within China are fairly small, accounting for about 20...

A high performance model Stirling engine, in which the heater, regenerator and cooler as a whole is formed by hundreds of porous metal sheets, is identified for theoretical analysis to facilitate the future scale-up design. The reciprocating flow and heat transfer both in the heat exchanger and...

This study empirically tests the theory of state rescaling with a study of recent city-region making in China. The implementation of two interjurisdictional projects, the Pearl River Delta Intercity Railway and the Guangzhou–Foshan Metro, are critically investigated to probe the restructuring...

In this paper we investigate the distribution function and the Laplace-Stieltjes Transform(L-S-T) of the first [beta] point of the surplus process {U(t),t[greater-or-equal, slanted]0} using its strong Markov property and the theory of renewal measure. We find the distribution function of in some...

A soil column experiment was conducted to study the water and salt redistribution in a coastal saline soil under infiltration of saline ice meltwater. Four salinity levels (0, 5000, 10,000, and 15,000 mg l-1 diluted seawater) and three volumes (1800, 2700, and 3600 ml) of source water were...