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This letter extends research reported in Narayan and Smyth (2005) by employing multiple trend break unit root tests to examine the random walk hypothesis for 15 European stock market indices. The results provide strong support for the view that stock prices are characterized by a random walk
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investigates the channels through which height influences income in China. Our first key finding is that taller people are more …
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We use data from China Family Panel Studies to examine the effects of being a child or adolescent in China's Great …
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China's recent economic reforms have led to impressive growth, and an unprecedented enthusiasm for establishing foreign … enterprises in China. Since 1993, China has been the second largest recipient of foreign direct investment in the world and is now … its accession to the World Trade Organisation (WTO), has further accelerated its market-oriented economic reforms. China …
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middle schools in urban China. The identification of peer effects relies on idiosyncratic variation in the proportion of … in China about the inclusion of migrant students in urban schools, and for the assignment of educational resources across …
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