The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and … ultimately unsustainable. But largely unnoticed, a shift has taken place. This paper examines the changes in investment patterns … economy-wide data with various breakdown. Significant shifts in investment patterns across sectors and ownership forms have …

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predict that this biased estimation for growth stocks would lower the investment value of their recommendations. As is …

A bottom-up measure of aggregate investment plans, namely, aggregate expected investment growth (AEIG) can negatively …-varying risk premium. These findings lend support to neoclassical models with investment lags …