Using a panel dataset of 206 non-U.S. subnational governments from 31 countries between 2004 and 2010, this study investigates the relationship between economic openness and sub-sovereign borrowings. We find that financial openness generates a positive impact on the size of subnational...

Understanding the relationship between income inequality and economic growth is of utmost importance to economists and social scientists. In this paper we use a Bayesian structural vector autoregression approach to estimate the relationship between inequality and growth via growth and inequality...

Understanding the relationship between income inequality and economic growth is of utmost importance to economists and social scientists. In this paper we use a Bayesian structural vector autoregression approach to estimate the relationship between inequality and growth via growth and inequality...

Purpose – The purpose of this paper is to explore the status quo and the strength difference of the climate for innovation among firms with different ownership structures, in different industrial sectors, and in different developmental stages in China. Design/methodology/approach – The study...

How do interactions between institutional investors and sponsors affect the quotations in IPOs? This paper provides evidence that connections between the above two agencies result in variations in the institutional investors' quoted prices and quotation frequency in China stock market. Using a...