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...

This paper reviews the connection and impacts of flooding related to climate change in Southern Ontario. The cased study used was the City of Hamilton and the $20 billion portfolios of assets managed by the City of Hamilton’s Public Works Department. The process involved the development of a...

Purpose: To find out ships' optimum operating speed under low-carbon economy. Approach: First, it analyzes the relations between ship's carbon emission and the operating speed, gets the optimum speed under which the entire fleet emit minimum carbon, then establishes the relations between the...

Regional economic disparities are often regarded as signs of a country's uneven or backward development. After analyzing China's regional economic performances from 2003 to 2007, this paper concludes that the emergence of interior regions provides new momentum for China's economic growth, and...

This paper employs the ZCAPM asset pricing model of Liu, Kolari, and Huang (2018) to show that momentum returns are highly related to market risk arising from return dispersion (RD). Cross-sectional tests show that momentum risk loadings and RD risk loadings are similarly priced in momentum...