This paper investigates the relationship between environmental pollution and economic growth in China based on the environmental Kuznets curve hypothesis, using Chinese provincial data over 1985-2005. Waste gas, waste water and solid wastes are used as environmental indicators and GDP is used as...

This article presents a new class of realized stochastic volatility model based on realized volatilities and returns jointly. We generalize the traditionally used logarithm transformation of realized volatility to the Box-Cox transformation, a more flexible parametric family of transformations....

Friedman's plucking model of business fluctuations suggests that output cannot exceed an upper limit, but it is occasionally "plucked" downward below trends as a result of economic recessions. This paper investigates China's business fluctuations using quarterly real GDP data for the period...