This paper re-examines the current debate on price scissors based on an extended framework, in which the production and trade of industrial consumer goods within the rural sector is incorporated. It confirms that in the economy considered by Preobrazhensky, consumer rationing, especially of...

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...

In China, aggregate investment levels have been high and the cycles of investment growth rate have been remarkable. In order to reveal the mechanisms which drive investment hunger and cycles, this book develops an integrated growth-cycle framework which integrates the standard theory of...