The Chinese government aims to use environmental policy measures to improve society's overall green total factor productivity (GTFP) and create a new development pattern in which the economy and the environment are equally important. Based on the perspective of indirect financing, this study...

Seaports have historically played a key role in facilitating trade and growth. This paper is the first attempt in the literature to analyse the formation of Chinese seaport cities and the dynamics that drives it. First, we aim to identify theoretically the emergence of urbanized seaports with...

We analyze the steady state and transitional dynamics of two-sector model with structural change and horizontal innovation. There are three main economic forces could drive structural change: technological progress in one sector, technological progress in the other sector, and capital deepening....

Non-democracies are seen as inherently unstable because of the high frequency of irregular and often-violent leadership turnovers. Our tractable stochastic game model investigates authoritarian stability and instability by portraying a world in which dictators are forced to tolerate threatening...

We follow Xie (1994) and impose a restriction on the model's parameters to show that there are two stable steady states in standard Uzawa-Lucas model with moderate externality. Besides that the unique dynamic path converging to the well-known steady state, there also exists a continuum of...