Evidence that asset returns are more highly correlated during volatile markets and during market downturns (see Longin and Solnik, 2001, and Ang and Chen, 2002) has lead some researchers to propose alternative models of dependence. In this paper we develop two simple goodness-of-fit tests for...

The theme of my dissertation is emerging capital markets behavior. I utilize three approaches: institutional, experimental and econometric to study the impact of reforms on capital allocation and stock market operation.In Chapter one, using a unique data set on Chinese provincial savings and...

The theme of my dissertation is emerging capital markets behavior. I utilize three approaches: institutional, experimental and econometric to study the impact of reforms on capital allocation and stock market operation.In Chapter one, using a unique data set on Chinese provincial savings and...

This dissertation employs high-frequency data and techniques to examine various topics in financial markets. Chapter 1 compares forward regression model with eight statistical/practical trading exchange rate models in terms of forecasting foreign exchange rates. Superior forecast power of the...

This dissertation studies the distributions of treatment effects in switching regimes models (SRMs). First, we propose a general class of SRMs and provide simple estimators of average treatment effects. Second, we establish sharp bounds on the joint distribution of potential outcomes and the...

In this dissertation, we evaluate the efficiency of electric utilities in the United States since 1997, and determine whether investor owned electric utilities (IOUs) and cooperatives (COOPs) achieve higher cost, technical and allocative efficiency and greater financial performance than publicly...

My dissertation focuses on partial identification of the distribution function of treatment effects. When treatment effects are believed to be heterogeneous, policy evaluation often requires knowledge of the distribution function of potential treatment effects. This function cannot be...

The main focus of this thesis is the study of distributional aspects of income and other dimensions of well-being. The first two essays pertain to the use of multidimensional poverty techniques. In the third essay I discuss a different distributional aspect, the middle class as captured by...

On the basis of the previous researches and the ecological footprint theory, we use the cross-sectional data of Chinese energy consumption in 2007 to calculate the regional differences of energy consumption footprint of 30 provinces in China; by using the method of EEF calculation method, we...

In this dissertation, I examine individual decisions in occupational choice, labor supply, and health care utilization. Occupational choice decisions of female college graduates on whether to teach or not are analyzed to understand the role of fertility and relative wages using a panel...