This article re-examines the finance-growth nexus in China using principal components analysis and ARDL bounds testing approach to cointegration. The results suggest that principal components have an effective role in examining the links between growth and financial development and, that...

The strong economic growth in China is difficult to reconcile with its inefficient financial system. The puzzle of China's financial development and growth can be explained through a dynamic criterion of adaptive efficiency, rather than through allocative efficiency. Using the framework of an...

In this paper, we use China’s 1986-2008 data to make an empirical analysis on the interrelationship between trade openness, economic growth and the structural change of labor-intensive industries by using simultaneous equation models and a VAR model. Our empirical study leads to the three...

The development of water-conserving and sustainable agricultural management practices is essential and significant to alleviate the rapid depletion of groundwater resources in the North China Plain (NCP). Estimating drainage out of the root zone and improving water use efficiency could provide a...

This paper tries to integrate the new paradigm of the vertical specialisation with the driving forces of international trade, which have been testified by different paradigms of international trade theory, so as to build up an econometric model. Then, by this model, we use China's 1992-2009...

The building sector is responsible for significant energy demands. An understanding of where this occurs across the building life cycle is critical for optimal targeting of energy reduction efforts. The energy embodied in a building can be significant, yet is not well understood, especially the...

Using monthly data on foreign exchange reserves from June 1995 through June 2005, we find that in line with other country-specific studies the opportunity cost of holding reserves played a greater role than reserve volatility in determining the level of reserves in Pakistan. Our finding is in...

This article uses the panel methods for energy exporting and importing countries that discuss the heterogeneity and cross sectional dependence in investigating the linkages between energy consumption and economic growth. The findings of the study suggest that the energy consumption is an...

This paper provides empirical evidence of an environmental Kuznets curve (EKC) hypothesis for Portugal by applying autoregressive distributed lag bounds testing approach from 1971 to 2008. In order to capture Portugal’s historical experience, demographic changes and international trade on...

Leeper (1991), Sims (1994) and Woodford (2001) point out that price level is not independently determined by monetary policy rather it is the result of inter dependence of fiscal and monetary policies. This article aims to test the fiscal theory of price level for Pakistan using an...