China, like many other countries, is promoting the development of liquid biofuel, including bioethanol and biodiesel. The Chinese government has set biofuel development targets for the coming decade and sanctioned a series of supportive policies. This paper provides a comprehensive overview of...

This paper advocates a spatial dynamic model that introduces technology diffusion, factor mobility, and structural change into the cross-region growth regression. The spatial setting is derived from theory rather than spatial statistical tests. An application of this model to the study of...

Since 1992, China's small and medium-sized enterprises (SMEs) have conducted a series of radical and successful restructuring in their ownership and governance arrangements. This paper focuses on the ownership restructure of township-village enterprises (TVEs) and private-household enterprises...

This paper presents an up-to-date survey of the comparison issue between state-owned enterprises (SOEs) and township-village enterprises (TVEs) in China. Although TVEs are at a disadvantage in areas such as technology, labor skills, education levels of staff, access to bank loans and government...

The existing literature dealing with the equivalence between the Kreps–Scheinkman (KS) game and Cournot competition has focused on the case of a concave demand function. This paper analyzes the equivalence possibilities under the much extended circumstances of strictly decreasing marginal...

Employing monthly data over the period 1999-2010, this paper examines the impact of China's exchange rate regime reform in July 2005 on three major asset markets: house, land, and stocks. We test whether the reform, which switches from a fixed exchange rate regime to a managed floating one, has...

This study assesses the impact of government shareholding on corporate performance using a sample of 643 non-financial companies listed on the Chinese stock exchanges. In view of the controversial empirical findings in the literature and the limitations of the least squares regressions, we adopt...