The paper tests the impact of demographic change on China's economic growth by using 1983–2008 provincial panel data. The deducted result of the theoretical model shows that the share of working-age population is positively correlated with economic growth, whereas birth rate has an adverse...

Extant literatures discuss a firm's security issuance implications of heterogeneous beliefs with explicit assumption that short selling is forbidden. However, it is widely accepted that short sale constraints exist when investors are unable to short stock to the extent they desire. This paper...

The race between industrial robots and human, not only for the developed countries, but also for emerging market countries, especially China, is widely discussed among economists and policy makers. China, as the largest industrial nation, is struggling for structural transformation and...

Domestic visits (in Chinese 视察、考察、调研) are one of the commonest routine work for political leaders both in the democratic and authoritarian regimes. In this article, we argue that for central authorities, in addition to public presidency in democracy, those domestic visits are one...

This paper adopts both one-dimensional and multi-dimensional cluster analysis to analyze China’s HDI data for 1982, 1995, 1999, and 2003, and to classify China’s provinces into four tiers based on the three basic developmental aspects embedded in HDI. The classifications by cluster analysis...