The issue of the possible adverse effects of a reduction in pollution on the economy is a very real one for China, given its public commitment to substantial cuts in CO2 emissions by 2020. An important part of this issue is the regional dimension ¨C the pollution reduction is likely to have...

It is well known that the CAPM beta is not stable over time. We investigate the nature of the time-variation in betas using monthly Australian data from 1979 to 1994 for 23 sectors. We discuss beta estimates for sub-periods and tests of the statistical adequacy of the market model used to...

Fiscal decentralisation has played a significant role in the development of China’s economy over the past three decades. Yet there has been only limited analysis of the way in which decentralisation might affect variables such as welfare, output and income at the aggregate level and none at...

Groenewold N., Chen A. and Lee G. Inter-regional spillovers of policy shocks in China, Regional Studies. Inter-regional output spillovers from policy shocks are analysed in a three-region vector-autoregressive (VAR)-based model of China using investment as the policy variable. The...

The relationship between stock prices and exchange rates is an important topic of long standing. But there are still significant gaps in our knowledge of this area, not least, the ambiguity about the sign of the effect of a change in one of these variables on the other. While there are many...

Inter-regional disparities in China have been an important concern for central-government policy-makers for most of the past 60 years. One of the main policy instruments for redressing the balance between the prosperous coastal region and the poorer inland region has been the allocation of...

Using Australian capital city data from 1984Q3--2008Q2, this paper utilizes a dynamic present value model within a VAR framework to construct time series of house prices depicting what aggregate house prices should be given expectations of future real disposable income - the "fundamental price"...

type="main" xml:lang="es" <title type="main">Resumen</title> <p>China ha prometido grandes recortes en las emisiones de CO2 en 2020, lo que es probable que tenga efectos diferentes en las distintas regiones. Se sabe poco acerca de los efectos regionales de la reducción de la contaminación. Contribuimos aquí a cerrar esta...</p>