This study empirically investigates the dynamics of motivations behind China's outward foreign direct investment (FDI). Based on a dataset of 75 host countries of China's outward FDI, we test the relative importance of outward FDI motives in different time periods. We account for endogeneity...

Previous assessments of nominal exchange rate determination, following Meese and Rogoff (1983) have focused upon a narrow set of models. Cheung et al. (2005) augmented the usual suspects with productivity based models, and “behavioral equilibrium exchange rate” models, and assessed...

Gender peer effects are potentially important for optimally organizing schools and neighborhoods. In this paper, we examine how the gender of classmates and neighbors affects a variety of high school outcomes and choice of university major. Given that students are assigned to schools based on...