Showing 1 - 10 of 28
An ideal scheme of intergovernmental transfer should be determined by equalization and efficiency with taking account of fiscal effort of local governments. In this regard, this paper provides a comprehensive review of Chinese transfer system since the decentralized taxation system (DTS)...
Persistent link: https://www.econbiz.de/10011015229
We present estimates of the term structure of inflation expectations, derived from an affine model of real and nominal yield curves. The model features stochastic covariation of inflation with the real pricing kernel, enabling us to extract a time-varying inflation risk premium. We fit the model...
Persistent link: https://www.econbiz.de/10005526293
Over the past two decades, financial market crises with similar features have occurred in different regions of the world. Unstable cross-market linkages during a crisis are referred to asfinancial contagion. We simulate crisis transmission in the context of a model of market participants...
Persistent link: https://www.econbiz.de/10005416500
Affordable housing has been built in many countries all over the world. Yet the term ëaffordable housingí is interpreted and defined very differently despite a shared focus on housing the less well-off population group. In China, ëaffordable housingí was firstly introduced by the central...
Persistent link: https://www.econbiz.de/10011154023
Cycle theory is one of the basic human observations of the natural world as well as in human societies. It is defined by the Dictionary of Theories as íevents, economics and political systems move through cycles similar to the natural life-cycles of living beingsî (Bothamley 2002, p.133)....
Persistent link: https://www.econbiz.de/10011162258
This paper focuses on the theory of economic transformation, applied to property market emergence and comparing different transitional economies. Past experience of the Chinese and East European markets has major differences. This paper reviews the Chinese economic transition with emphasis...
Persistent link: https://www.econbiz.de/10011162271
Studio teaching has formed the major mode of teaching and learning activities in Built Environment schools around the world ñ especially for the design disciplines of architecture, landscape architecture and urban design. This study investigates studio teaching for a final year undergraduate...
Persistent link: https://www.econbiz.de/10011162353
This paper firstly introduced overall condition of agricultural and rural economic development in Jiangsu Province, and analyzed restrictive factors and bottleneck in the process of new socialist countryside construction from policy, fund and understanding. There are many problems in the process...
Persistent link: https://www.econbiz.de/10011095877
Persistent link: https://www.econbiz.de/10011203649
We describe all random sets that satisfy the radial conformal restriction property, therefore providing the analogue in the radial case of results of Lawler, Schramm and Werner in the chordal case.
Persistent link: https://www.econbiz.de/10011194142