The People's Republic of China can become an important and influential player in the world through its overseas investments in developing countries. This article examines and compares the determinants of Chinese and American direct investment around the world. The cross-sectional analysis is...

Although economic opportunity is considered as a latent variable, it can serve as another factor in promoting growth and development. Through the construction of an economic opportunity index, this article identifies the extensity and intensity channels through which economic opportunity is...

This paper employs a fully nonparametric stochastic frontier model with time and individual effects to study technical efficiency in China's post-reform economy. The panel data cover China's thirty provinces for the period of 1985–2008. The empirical results show that the average output...

This paper summarises China's financial liberalisation experience and examines the contributions of financial resources on economic growth during the post-reform period. Financial liberalisation has resulted in the reallocation of the four sources of total investment in fixed assets: state...

This paper constructs China's capital stock, which is used in conjunction with a labor variable to estimate a Cobb-Douglas production function for the Chinese economy. Two panels of data are used one for capital formation and one for sources of investment finance. Both national and provincial...

Evidences from nonparametric and semiparametric unbalanced panel data models with fixed effects show that Kuznet’s inverted-U relationship is confirmed when economic development reaches a threshold. The model tests justify semiparametric specification. The integrated net contribution of...

The paper studies the causality relationship between economic openness and indigenous factors. The construction of the Openness Index and the Indigenous Index provides a measure on the extent of openness and indigenous development among world economies. The two indices are used to study their...

This paper studies the income inequality and economic development relationship by using unbalanced panel data of OECD and non-OECD countries for the period 1962 - 2003. The nonparametric estimation results show that income inequality in OECD countries are almost on the backside of the inverted-U...

This paper empirically uses data from the world economy to show that performance of domestic factors are equally important to external factors when comes to growth. Various external and domestic factors are used to construct two separate indices and the principal component method is applied in...