Relying on the present literature, official statistics, and household survey data in the People's Republic of China, this paper summarizes research findings on the relationship between urbanization, urban-rural inequality, and poverty, and provides further empirical evidence on the role of...

The People's Republic of China (PRC) is thought to be one of the most unequal economies in the world, but very few studies ever touched on the determinants and the evolution of its urban inequality. This paper firstly applies the inequality decomposition method to an urban household sample...

Developing countries have seen a rapid rise in population urbanization in the past decades. At the same time, they have participated actively in the process of globalization. However, possible interlinks between population urbanization and trade openness in developing economies have been ignored...

There are alternative definitions of vulnerability to poverty. Most researchers prefer to define vulnerability as the probability of a household or individual falling into poverty in the future. Based on this definition and using household survey panel data from rural China, this paper attempt...

This paper explores disparities in Millennium Development Goals among countries in the Asia and Pacific region, with a special emphasis on health Millennium Development Goals. It provides estimates on the extent of these disparities and depicts their trends. More importantly, sources or causes...

We model a two-tiered market structure in which an investor can trade an asset on a trading platform with a set of dealers who in turn have access to an interdealer market. The investor's order is informative about the asset's payoff and dealers who were contacted by the investor use this...

We consider a market where traders have asymmetric information regarding the distribution of asset return and study price discovery of derivatives. The informed trader has private information regarding arbitrary higher moments of asset return, such as volatility or skewness, and exploits her...