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Current integration and co-movement among international stock markets has been boosted by increased globalization of the world economy, and profit-chasing capital surfing across borders. With a reputation as the fastest growing economy in the world, China’s stock market has continued gaining...
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The authors build a model for predicting current-quarter real gross domestic product (GDP) growth using anywhere from zero to three months of indicators from that quarter. Their equation links quarterly Canadian GDP growth with monthly data on retail sales, housing starts, consumer confidence,...
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Maximum likelihood and two-step estimators of censored demand systems yield biased and inconsistent parameter estimates when the assumed joint distribution of disturbances is incorrect. This paper proposes a semiparametric estimator that retains the computational advantage of the two-step...
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1. Introduction -- 2. Extant Studies: The Dominance of Large Cities -- 3. The Case Study Approach to City Analysis -- 4. Quanzhou: Reclaiming a Glorious Past -- 5. From Obscurity to Global Prominence: Yiwu's Emergence as an International Trade Hub -- 6. Nanning: Perils and Promise of a Frontier...
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