We explore the roles of subsidies in the Matsuyama model (1999) of growth through cycles alternating perpetually between two phases featuring neoclassical investment and neo-Schumpeterian innovation respectively. Subsidies to R&D investment or to the purchase of newly invented intermediate goods...

This paper investigates whether exporting firms in Chinese manufacturing sector pay higher average wages than non-exporting firms by analyzing a large firm-level dataset derived from the Chinese Industrial Census in 2004. Through rigorous exercises involving robust regressions, quantile...

This paper empirically investigates the reasonability of assuming subjective wellbeing (SWB) data are cardinal. The inability or reluctance to assume cardinality implies limitations to use of data and methodology, which has been demonstrated to yield potentially biased results. This analysis...

The Shann Memorial Lecture is an annual public lecture organised jointly by the University of Western Australia (Business School) and the Economic Society of Australia (WA branch).

The performance of the Chinese economy since Deng Xiaoping’s and Jiang Zemin’s changes to the core philosophy of the Chinese Communist Party (CCP) is unprecedented for a country so large and could be seen as contrary to Popper’s central idea that liberal democracy is essential to peaceful...

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...

This paper presents a critical review of trends and prospects in China’s research and development (R&D). Specifically it discusses the main achievements and the role of major players in China’s R&D sector. It also highlights the potential challenges which Chinese policy makers have to face...

Electricity market reform has been implemented in many countries and regions in the world. There is no doubt that electricity consumption continues to increase in East Asia. Electricity market integration in East Asia is thus an important component of the energy market integration (EMI)...

Textual material relevant to the history of economic thought is today readily available in various digitised forms. This raises the possibility of exegesis being undertaken with the aid of software designed for the purpose of textual analysis. This paper provides an exploratory test of...