The paper considers time series GMM models where a subset of the parameters are time varying. The magnitude of the time variation in the unstable parameters is such that efficient tests detect the instability with (possibly high) probability smaller than one, even in the limit. We show that for...

There has been renewed empirical work recently on testing the neoclassical model of economic growth using data on various groups of countries. But none of the cross-country regressions includes China, the largest developing economy in the world. This study utilises both cross-sectional and panel...

This study attempts to examine the growth pattern of China's economy during 1978-98 from the perspective of income distribution dynamics. Motivated by the model of dynamic distribution, a transition matrix is derived from a panel of ratios of provincial real incomes to national averages across...

The viability of local government-sponsored community development of poor ethnic enclaves hinges on the perceptions of residents. If residents view the enclave in which they live as their "community of choice," they will be more likely to join with local government to coproduce community...

This paper considers time series Generalized Method of Moments (GMM) models where a subset of the parameters are time varying. We focus on an empirically relevant case with moderately large instabilities, which are well approximated by a local asymptotic embedding that does not allow the...

Taking Daxing District, Beijing, China as a example, benefit evaluation index system of small-town land comprehensive consolidation is established from four aspects of resource benefit, economic benefit, social benefit and ecological benefit. Weight of evaluation index is determined by analytic...

This paper presents the evaluation results of conventional solar water heater (SWH) systems and solar assisted heat pump (SAHP) systems for hot water production in Hong Kong. An economic comparison and global warming impact analysis are conducted among the two kinds of solar thermal systems and...

This paper develops a Cournot model to study how environmental regulatory policies affect the international competitiveness of firms. The tradable baseline-and-credit emission permit is employed as the primary means of environmental regulation. It provides a theoretical support for the...