The problem of CO embodied in international trade has attracted increasing attention in China. To analyze this issue, the present paper directly calculates emission factors for 15 industries in 2002, 2005 and 2007. We then examine a consumption‐based system and a single‐region input–output...

In comparison to developed securities markets, it is intriguing to observe that the Chinese stock market's momentum or reversal effect is inconsistent. We address this controversy using a novel paradigm based on functional data analysis (FDA) with the goal of reconciling previous inconsistency....

We examine the effect of attending academically selective high schools on test scores, by leveraging administrative data that matches high school preferences of the population of urban middle school graduates in one Chinese prefecture in 2010 with high school student records. The standard...

With the recent availability of high-frequency financial data the long range dependence of volatility regained researchers' interest and has lead to the consideration of long memory models for realized volatility. The long range diagnosis of volatility, however, is usually stated for long sample...