Provincial data are used to examine the economic performance of China's human capital, adjusted by mortality and interprovincial migration figures. The perpetual-inventory approach is used to compile China's human capital, which is further decomposed into skilled, unskilled, and different...

This paper analyzes the productivity change of the thirty provinces in China’s post-reform economy. The productivity change is estimated from the stochastic frontier model, in which the maximum likelihood estimation is applied to an augmented logarithmic production function incorporated with a...

This paper examines and applies the theoretical foundation of the decomposition of economic and productivity growth to the thirty provinces in China’s post-reform economy. The four attributes of economic growth are input growth, adjusted economies of scale effect, technical progress, and...

A decade has passed since the Asian financial crisis (AFC) in 1997, and attention is drawn to the output performance of the crisis-affected economies in East Asia. Using the Hodrick-Prescott (HP) filter, this paper examines the growth volatility of GDP, its components and the stock market of...

In addition to privatization marketization, liberalization and pragmatization, monetization has been argued as the fifth feature in china's economic reform. If monetization is taken to mean a process through which variations in money supply or interest rate are to affect macroeconomic variables,...

This article provides the in-sample estimation and evaluates the out of-sample conditional mean and volatility forecast performance of the conventional Generalized Autoregressive Conditional Heteroscedasticity (GARCH), Asymmetric Power Autoregressive Conditional Heteroscedasticity (APARCH) and...

Although economic opportunity is considered as a latent variable, it can serve as another factor in promoting growth and development. Through the construction of an economic opportunity index, this paper identifies the extensity and intensity channels through which economic opportunity are...

This article uses a Structural Vector Autoregressive (SVAR) approach to study the different shocks to the monetary performance in the two decades of the US economy prior to the 2008 financial crisis. By using the Federal Fund Rate as a measure of change in the monetary policy, this study shows...