We propose a new set of stylized facts quantifying the structure of financial markets. The key idea is to study the combined structure of both investment strategies and prices in order to open a qualitatively new level of understanding of financial and economic markets. We study the detailed...

We propose an empirical behavioral order-driven (EBOD) model with price limit rules, which consists of an order placement process and an order cancellation process. All the ingredients of the model are determined based on the empirical microscopic regularities in the order flows of stocks traded...

We use data from Google Trends to predict the effect of the COVID-19 pandemic on future births in the United States. First, we show that periods of above-normal search volume for Google keywords relating to conception and pregnancy in US states are associated with higher numbers of births in the...

China has experienced extraordinary institutional and socio-economic changes after 1978, and its deepening reform to market-oriented economy since 1990s was also recognized as one the most significant factors to drive China's rise in the contemporary world. Although many aspects of China's...

The study aims to examine the survey of earlier literature that deals with economic growth, energy consumption and carbon emission, both single country studies as well as multi-county studies that covers the period till 2019. The main focus of this survey is on the coverage of countries,...

Purpose The purpose of this paper is further leveraging the advantages of the basic socialist economic system and exploring the realistic way of transforming the advantages of the socialist economic system with Chinese characteristics into governance efficacy. At its Fourth Plenary Session, the...

In the context of the digital economy, empowering firm innovation investment through digital transformation is an important strategy for promoting innovation development in China. This study investigates the effects and mechanisms of digital transformation on firm innovation investment from the...