The People's Republic of China (PRC) has made massive investments since the late 1990s in highway infrastructure, connecting its rural and urban regions. In this paper, we study the impact of highway investments on the educational choices in rural PRC. Because enhanced connectivity facilitates...

Extrapolative methods are one of the most commonly-adopted forecasting approaches in the literature on projecting future mortality rates. It can be argued that there are two types of mortality models using this approach. The first extracts patterns in age, time and cohort dimensions either in a...

This paper examines the problem of optimal tax mix analytically in a two-sector growth model with transitional dynamics. Tax revenue is required to provide a pure public good. The key problems are: over-consumption of leisure under labor income or consumption taxes; and under-investment in human...

China?s open-door policy has attracted foreign investment to China. The foreign direct investment is unequally distributed in Chinese thirty regions. The regions can be grouped after different critiria: the coastal area, the central area and the western area by geographical critirion, or...

LINE model is an interregional macroeconomic model describing the economy of the 275 Danish municipalities. Tourism sub-model is an integrated part of LINE model, where tourism data are built in as a part of private consumption. The purpose of building tourism sub-model within the LINE model is...

The purpose of the paper is to relate the tourism demand model with the traditional theories that explain international trade flows. In the existing tourism literature, tourism flows and tourism demand forecasts are typically explained by the demand-side variables. But in the traditional trade...

Agricultural food production in China is deeply vulnerable to extreme droughts. Although there are many studies to evaluate this issue from different aspects, comprehensive assessments with full consideration of climate change, crop rotations, irrigation effects, and socioeconomic factors in...

In this paper we explore the implication of a morbidity risk for the relationship between longevity and annuitization. We divide old-age life into two periods with uncertain survival from the end of the first to the end of the second. We show that a rise in the survival rate causes different...

This paper examines the impact of demographic factors on saving, investment, and external balances. We derive a number of semi-structural equations from national accounting principle and the principle that external balances for the world as a whole must sum to zero. The resulting equations...