It becomes apparent that growing disparity in China is highly associated with regional variation of productivity, and that productivity is significantly impacted by financial deepening process. After identifying and estimating the share of bank lending to non-state sector, this paper finds a...

At the end of the 1980s and beginning of the 1990s 26 countries in Eastern Europe, the former Soviet Union and Mongolia initiated market reform policies. During the 1980's the average annual growth in real GDP for these countries was about 2.9%, while for the period 1990-1997, the average growth...

The financial intermediation-growth nexus is a widely studied topic in the literature of development economics. Deepening financial intermediation may promote economic growth by mobilizing more investments, and lifting returns to financial resources, which raises productivity. Relying on...

Rumor dissemination will induce emergencies. Authorities’ information is an essential factor for avoiding rumor dissemination when emergencies occur. The credibility of authorities’ media and audience rating of authorities’ information greatly influence the evolution of emergencies which...

With popularization and development of mobile commerce, the security of mobile commerce has drawn more and more attentions. Identity authentication is the first safety barrier, as communication security almost starts from its handshake process. Authentication protocol based on ciper technology...

In this article, a novel adaptive estimation is proposed for varying coefficient models. Unlike the traditional least squares based methods, the proposed approach can adapt to different error distributions. An efficient EM algorithm is provided to implement the proposed estimation. The...

In this article, for the regression mean function of Y on , where Y is a scalar, is a px1 vector and W is a categorical variable, we propose a method, partial sparse MAVE, to achieve sufficient dimension reduction and variable selection on simultaneously. The method relaxes any particular...