Through the use of a multivariate cointegration and error-correction model, this study investigates the short- and long-run relationship over the past two decades between fiscal expenditure policy and non?oil real GDP growth in member countries of the Gulf Cooperation Council (GCC). Despite the...

Through the use of a multivariate cointegration and error-correction model, this study investigates the short- and long-run relationship over the past two decades between fiscal expenditure policy and non-oil real GDP growth in member countries of the Gulf Cooperation Council (GCC). Despite the...

This paper constructs a two-stage sequential game model to investigate the spillover effect of inward FDI on improving the efficiency of domestic firms in host countries. Our model shows that, given the optimal joint-venture policy made by foreign firms, the impact of spillover effect of inward...

China implemented the world's largest ecological compensation program, the National Key Ecological Function Area (NKEFA) policy, aimed at breaking the vicious cycle of poverty and the environment. However, previous studies have often failed to consider the poverty and environmental effects of...

According to data of per capita net income of rural households and the per capita regional gross output from 1978 to 2008 provided by the Henan Statistical Yearbook , we know that both of the time series obey the unit root process, so they belong to non-stationary time series. The results of the...