Since the reform in the 1980s, the Chinese electric power industry has experienced rapid expansion in both capacity and outputs, which is surprising since the industry is still under a plan control. The shortage of supply is a common problem in a plan economy according to the conventional...

Supply interruptions resulting from unpredictable events, such as machine breakdowns, order cancellations, unscheduled maintenance, and labor strikes can produce adverse effects on the production/inventory system. In this article, we consider a periodic-review inventory system subject to random...

This study explores, theoretically and empirically, one of the important issues of the geography of finance, namely the location of high-level financial services. Specifically, we will try to explain why foreign financial services are spatially concentrated in a particular city so as to form a...

Explaining the growth of funded pension systems is a major project in political economy. Drawing on the financialization and growth models literatures, this is a case study of recent pension fund growth in the Netherlands. Newly digitized data show almost continuous net fund inflows since their...

This paper contributes to the literature on the role of on rural livelihood strategies in rural growth and poverty reduction. It distinguishes between livelihood diversity strategies that contribute to sustainable growth in household incomes, and those that mainly have a 'coping' function. It...

This paper addresses the long-term impact of Sub-Saharan Africa's indigenous systems of slavery on its political and economic development, based on an analytical survey of the literature and data collected from anthropological records. We develop a theory to account for this based on the...

Given the economy's complex behavior and sudden transitions as evidenced in the 2007-08 crisis, agent-based models are widely considered a promising alternative to current macroeconomic practice dominated by DSGE models. Their failure is commonly interpreted as a failure to incorporate...