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...

The accelerated depreciation policy on fixed assets is a representative tax reduction policy in China. However, it is rarely systematically studied on the macro-level. This paper builds a general model for analysing accelerated depreciation. It uses China's input-output data (1987-2015) to test...

The causal relationship between high-speed rails (HSRs) ,which boasts the world’s largest high-speed rail network from 2001 to 2018. and economic growth was empirically examined in this paper. In the empirical analysis of this paper, satellite data on nighttime lights were employed as an...