Targeted Poverty Alleviation (TPA) is an important leverage for China to overcome poverty. While its economic effects are well studied, less is known about the social impact of TPA. Based on trial documents data from the China Judgments Online, we use DID method and find the growth rate of...

Based on a unique dataset of carbon emissions in China’s 2527 counties during 2008-2019 and 1.5 million firms’ energy use from National Tax Survey Dataset, we take advantage of the two rounds of accelerated depreciation policy for fixed assets in 2014 and 2015 in China as natural experiments...

Let , i=1,2, be two independent sub-fractional Brownian motions with respective indices Hi[set membership, variant](0,1). We consider the so-called collision local time where [delta] denotes the Dirac delta function. By an elementary method we show that lT is smooth in the sense of Meyer and...

We define a stochastic integral with respect to sub-fractional Brownian motion SH with index H∈(0,12) that extends the divergence integral from Malliavin calculus. For this extended divergence integral, we establish versions of the formulas of Itô and Tanaka that hold for all H∈(0,12).