The People's Republic of China can become an important and influential player in the world through its overseas investments in developing countries. This article examines and compares the determinants of Chinese and American direct investment around the world. The cross-sectional analysis is...

China's 1993 Austerity Plan and the 1995 Bank Law basically attempts to limit the use of bank loans for unproductive investments. In particular, the 1995 Bank law firmly establishes the Central Bank, thereby facilitating the effective deployment of monetary policy. However, the reform concerns...

By using a simple Cobb-Douglas production function, this paper estimates the various efficiency coefficients for the different types of financial capital in China. In general, bank loans for circulating funds, foreign investment and self-raised fund performed more productively than investment in...

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 article identifies the extensity and intensity channels through which economic opportunity is...

This paper employs a fully nonparametric stochastic frontier model with time and individual effects to study technical efficiency in China's post-reform economy. The panel data cover China's thirty provinces for the period of 1985–2008. The empirical results show that the average output...

This paper summarises China's financial liberalisation experience and examines the contributions of financial resources on economic growth during the post-reform period. Financial liberalisation has resulted in the reallocation of the four sources of total investment in fixed assets: state...