Exploring the Way to China’s Modernization -- Four Major Reforms in China since the Modern Times -- Achievements of Reform: Development, Transition, and Globalization -- Experience from China’s Reform -- Three Stages of China’s Economic Institutional Transition -- The Origin of the...

Population aging has significant economic and social costs, and this paper studies its impacts on inequality, both theoretically and empirically. First, we build a two-period overlapping-generation model with an uncertain lifetime and find that population aging has the overall effect of...

This study examines the impacts of political competition on eco-efficiency. We first develop a theoretical model in which local government officials compete against each other to maximize their own political score. We find that after an initial stage of decline, eco-efficiency eventually turns...