Purpose – Investigating the characteristics of the transformation of China's agricultural growth and the institutional reforms during the whole transition period in the 1980s will help to understand China's economic and agricultural reform and offer some successful experiences to other...

Extant literatures discuss a firm's security issuance implications of heterogeneous beliefs with explicit assumption that short selling is forbidden. However, it is widely accepted that short sale constraints exist when investors are unable to short stock to the extent they desire. This paper...

The race between industrial robots and human, not only for the developed countries, but also for emerging market countries, especially China, is widely discussed among economists and policy makers. China, as the largest industrial nation, is struggling for structural transformation and...

This paper adopts both one-dimensional and multi-dimensional cluster analysis to analyze China’s HDI data for 1982, 1995, 1999, and 2003, and to classify China’s provinces into four tiers based on the three basic developmental aspects embedded in HDI. The classifications by cluster analysis...

The creation of more jobs for China's massive labor force is the foremost economic development objective for the Chinese government. This paper analyzes the relations between economic growth and employment growth, between capital growth and employment growth, and between wage growth and...

The development of China's iron and steel industry (ISI) is an important indication of China's industrialization. This paper analyses the industry from the perspectives of historical retrospect, international comparison and sustainable development. We find that China's ISI has made huge progress...

The authors use a growth accounting framework to examine growth of the rapidly developing Chinese economy. Their findings support the view that, although feasible in the intermediate term, China's recent pattern of extensive growth is not sustainable in the long run. The authors believe that...