Red Culture is one of the symbols of Chinese national spirit in China. With the enhancement of China’s international status, the world gets to know the Red Culture stage by stage. And yet, in the process of Red Culture’s foreign publicity, the depth and breadth of cultural diffusion have...

Certain stylized facts are common among successful economic latecomers: an inverse U-shaped gross domestic product and capital per capita growth rate, high growth rates during the catch-up period, and rapid structural changes. This paper, for the first time, proposes a general equilibrium...

In this study, we integrate the insights of consumption value theory and the crowdfunding literature to develop a value-based view of crowdfunding rewards to systematically theorize and synthesize the underlying mechanisms through which the various rewards offered by crowdfunding projects can...