In this paper, we investigate the relationships between crude oil and refined product prices. We find that nonlinear correlations are stronger in the long-term than in the short-term. Crude oil and product prices are cointegrated and financial crisis in 2007–2008 caused a structural break of...

We consider a Nash equilibrium between two high-frequency traders in a simple market impact model with transient price impact and additional quadratic transaction costs. Extending a result by Sch\"oneborn (2008), we prove existence and uniqueness of the Nash equilibrium and show that for small...

This is the date set used for Deininger, Klaus & Squire, Lyn, 1996. "A New Data Set Measuring Income Inequality," World Bank Economic Review, World Bank Group, vol. 10(3), pages 565-91, September. This data set is the product of a joint effort of Hongyi Li, Lyn Squire, Tao Zhang, and Heng-fu Zou...

An extended single-index model is considered when responses are missing at random. A three-step estimation procedure is developed to define an estimator for the single index parameter vector by a joint estimating equation. The proposed estimator is shown to be asymptotically normal. An iterative...

As cities play important roles in economic growth, the competitive power of foreign trade of cities has gained more and more attentions. Exporting hazard rate, as one dimension of foreign competitive power, shall be specifically measured. And its spatial distribution across cities shall be...

The composition and manufacturing process of a three-layer anticorrosive cool coating for oil storage tanks are introduced. The optical, indoor thermal and physicochemical properties were systematically investigated. In addition, the outdoor cooling effect and the reduction of evaporation losses...

This study focuses on the potential impacts of large-scale land use and land cover changes (LUCC) on surface temperature from a global perspective. As important types of LUCC, urbanization, deforestation, cultivated land reclamation, and grassland degradation have effects on the climate, the...

We study how the 2004 reform of minimum wage rules in China has affected the survival, average wage, employment and productivity of local firms. To identify the causal effect of minimum wage growth, we use firm-level data for more than 160,000 manufacturing firms active in 2003 and complement...

This paper attempts to propose hybrid methodology of compiling water resource extended input-output (IO) table at county level (According to administrative structure of China, a county is subordinate to its province, and provincial level is parallel to state level of other countries). By...