The authors investigate the issue of per capita real GDP growth of the Chinese economy. The shrinkage method for panel data models is used to estimate the convergence rates of the individual provinces. The empirical evidence shows the growth convergence that exists in China. The results also...

Economists advocate penalty to raise the demand price for a crime. Then, a higher penalty should mean less crime quantity demanded, while death penalty should eliminate the whole demand. This paper uses red-light running as an example of crime, to explain why such theory fails. It fails, because...