This paper analyzes the relationship between the stock of infrastructure and income increases using data from 15 typical countries, including China, and measures the gap between China and upper-middle-income countries using the Euclidean distance. By constructing a domestic infrastructure...

It has been a hot debit whether a monetary union is feasible in the East Asian region. Most of the existing studies focus on the symmetric issue of the fundamental shocks and the extent of correlation by applying the Blanchard and Quah (1989) structural vector autoregression (VAR) technique,...

This paper explores the optimal investment and reinsurance problem with the objective of maximizing the probability of reaching a bequest goal, while accounting for constraints and ambiguous correlations. Specifically, the study considers two types of constraints: no short-selling constraints...

Climate regulations tend to target energy intensive sectors whose products are widely used in industrial production as intermediate inputs, such as electricity, and the carbon abatement may be partially offset by intermediate input-led leakage. This paper aims to examine the impact of...

Climate regulations tend to target energy intensive sectors whose products are widely used in industrial production as intermediate inputs, such as electricity, and the carbon abatement may be partially offset by intermediate input-led leakage. This paper aims to examine the impact of...

Climate regulations tend to target energy intensive sectors whose products are widely used in industrial production as intermediate inputs, such as electricity, and the carbon abatement may be partially offset by intermediate input-led leakage. This paper aims to examine the impact of...