Taking Anhui province as an example, this paper analyzes economic effects of fiscal investment from local government. Firstly, results from analyzing structure of fiscal investment show that: the major part of fiscal investment is supply of public goods and services, in particular infrastructure...

Based on micro-firm data of development zones in Jiangsu Province along the Yangtze River, the effects of local factors special to development zones and of technology promotion on firm’s performance are tested, from which we try to illustrate the nature and dynamics of industrial clusters...

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This paper briefly surveys the development of international finance theories after the 1960s. The important theories reviewed in this paper include: exchange rate dynamics, policy pre-announcement, first-generation currency crises, intertemporal optimizing model, exchange rate target zones,...

This paper, using the total factor productivity in the Cobb-Douglas production function, empirically investigates into the effects of market competition, managerial incentives and shareholders' rights on corporate governance under the framework of pooled OLS and fixed effects regression method....

In this paper,we divide fixed capital stock into domestic fixed capital stock and foreign fixed capital stock (FDI stock), then by consideration of the environmental deletion, we make use of the BM productivity index to decompose the source of economic growth from 1998 to 2011. The findings show...

The most present articles adopted the output-oriented Malmquist productivity index (OM) for estimating the production efficiency and productivity of Bank. Based on the method of Yang and Lee (2009), the research provides the new way to discuss cost efficiency and cost growth rate of Taiwanese...

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Chinese Abstract: MM 命题的最大贡献是提出完美市场假设和使用套利证明方法。本文回顾了完美市场假设和无套利原理,然后对 MM...