This paper uses both the cross-section and panel data approaches to study regional growth in China.

This article uses both cross-section and panel data approaches to study regional growth in China. Inter-regional income inequality increased ((divergence), the rich regions became richer but poor regions poorer (b divergence), over the data period 1978-95. This contradicts results from other...

In a behavioural equilibrium exchange rate model, this study investigates the movements of the real exchange rate of the Hong Kong dollar under the currency board arrangement from 1984 to 1998. Cointegration analysis based on Johansen approach is applied to derive the equilibrium real exchange...

In the process of China's foreign exchange reform, the so-called swap market was a key element. Despite the problems it caused, notably those associated with a dual exchange rate, the paper argues that the swap market proved to be a useful transition mechanism for China's foreign exchange...

We propose a framework for the joint study of the consumer’s decision of where to buy and what to buy. The framework is rooted in utility theory where the utility is for a particular channel/brand combination. The framework contains firm actions, the consumer search process, the choice...