The factors influencing collective water management and their impact on technical efficiency in rice production were investigated. The analysis was based on a group- and household-level data set collected in 2006-2007 in Hubei, China. We found that water user groups with high social capital and...

Using group-level and household-level data collected in 2006-2007 in two districts in Hubei Province of China, we investigate social capital and water source variables and assess the factors influencing the formation of a sub-group, which is a sub-set of the original water user group (WUG). We...

Purpose: This paper aims to identify how house price affects household consumption. Design/methodology/approach: The authors use a micro-level data set that tracks the house price and consumption of a vast number of households over a period of four years. OLS regression is the main econometric...

Purpose – The purpose of this paper is to study synchronization in stock index cycles across 82 countries and the linkage between macroeconomic and financial integration and stock market synchronization. Design/methodology/approach – The author document the synchronization structure of the...

Using a pooled cross-sectional time series approach, we evaluate profits of momentum strategies and identify the sources of profits in China's stock market. Momentum strategies generate significant and negative returns in the A-share market on investment horizons at one month and at and above...