Indirect tax such as sales tax collection is difficult as the government has difficulty monitoring the actual economic dealings. To bring out private information on transaction only known to a firm and a consumer, China's government has set up a lottery receipt system which has been tried out in...

type="main" xml:id="twec12250-abs-0001" <title type="main">Abstract</title> <p>Using Phillips et al. (2012, ‘Testing for Multiple Bubbles’, Yale University) bubble test and the ratio of monthly housing price to rent in China, we cannot find that there were bubbles in the housing market for all provinces including urban...</p>

In this paper, we conduct a dynamic panel analysis of the determinants of the household saving rate in China using a life cycle model and panel data on Chinese provinces for the 1995-2004 period from China's household survey. We find that China's household saving rate has been high and rising...

The hypotheses of non-addiction, myopia and rational addiction are tested using annual, quarterly and monthly data. Changes in the prices of Japanese cigarettes can be viewed as exogenous from the point of view of consumer behaviour, because the Japanese government controls cigarette prices. The...

We estimate the stocks of patents and their growth rates in the Italian textile and chemical industries between 1904 and 1937. The stocks and growth rates by nationality are estimated for Italy, France, Germany, the UK, Switzerland, and the USA. The Italian patent stock in the textile industry...

We overcome the problems of data availability and investigate the fiscal multipliers in autonomous prefectures in China. We first estimate the long-run elasticity of gross regional production with respect to fiscal expenditure in autonomous prefectures, using autoregressive distributed lag...