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...

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...

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 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...

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 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...

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...

This paper is an attempt to revisit the pioneering work of Riazuddin and Khan (2002). A complete business cycle has been elapsed (2002-2010) since their study, so there is need to review the results with additional information. This revisited attempt, based on a theoretically specified...

Motivated by the recent studies on the endogenous growth theories, which suggest that the economic growth driven by human capital accumulated by education has potential to be substantial and more sustainable, this article evaluates the level and growth effects of education on the economic growth...

Two main tasks have been pursued in this article. First, we estimate demand system for six composite goods by employing Almost Ideal Demand System for Pakistan. Second we analyze the welfare implications of tax reforms that replace the existing tax structure by uniform taxes on all goods. The...