This paper examines lead-lag relationships and the dynamic linkages among cross-border house prices in four Asia countries and cities, including Taiwan, Mainland China, Hong Kong and Singapore. We employ the Johansen (1988) cointegration technique, Toda and Yamamotoís (1995) Granger causality...

Being different from past research of regional housing prices, this paper employs smooth transition regression model, derived in Teräsvirta (1998), to investigate ripple effects among four regional house prices in Taiwan. The aim of this paper is to test whether a smooth transition regression...

In order to explore the effect of China's listed companies' credit on banking system risks, this research employs the network topology method to build a bank–firm credit network of loans between banks and those listed companies and examines the dynamic topology of these network risks to the...

This paper proposes a Nash Bargaining model to show that there exits the inverted U-shaped relationship between state-owned enterprises (SOEs)' corporate social responsibility (CSR) performance and the level of executive compensation received by SOE managers. Based on annual data for...

This paper proposes a new theory so called bilateral rent-seeking to explain the dramatic growth of foreign direct investment (FDI) inflow in China in the past several decades. We construct a Nash bargaining model to illustrate the relevance of how the reciprocal relationship between the local...

This paper constructs a theoretical model to illustrate the inherent dynamics between the trade imbalance and the comparative advantage of factor endowment structure under a two-country setting (South vs North). Our model shows that the shift of comparative advantage of factor endowment...

This paper constructs a dynamic model to explore the intertwined dynamics of the rent-seeking activities that are required to compensate losers in a reform and the adoption of different types of structural reforms in transitional economies. By disaggregating the reforming type into structural...

This paper analyzes the effect of household wealth (including housing and financial wealth) on housing sales and probes their long-run and short-run dynamic relationships. We further examine the short-run effect of financial wealth on housing sales by employing quantile regressions, restricted...

This paper constructed a simple model to illustrate the global supply chain profit sharing and industrial upgrading mechanism, from which it was found that the average profitability distribution in the different supply chain stages was determined by two main factors: (1) the average product of...

The financing method of Chinese listed firms has been studied for a long time, but with inconclusive indications. This paper thus adopts Chinese listed firms' data from 2003 to 2015 to investigate the pecking order theory by testing the relationship between financing deficit and long-term debt...