Recent anecdotal reports suggest that dropout rates may be higher and actually increasing over time in poor rural areas. There are many reasons not to be surprised that there is a dropout problem, given the fact that China has a high level of poverty among the rural population, a highly...

In the late 1990s and early 2000s, China’s Ministry of Education embarked on an ambitious program of elementary school mergers by shutting down small village schools and opening up larger centralized schools in towns and county seats. The goal of the program was to improve the teacher and...

Global warming, while increasing human demand for water, is reducing water availability by reducing runoff flows and the effective amount of water between seasons, making water scarcity a growing problem globally. Water management plays an important role in mitigating global warming, improving...

Enormous capital inflows into the emerging commodity futures markets in China raised concerns about the impact of speculation. Using a broad sample of 30 commodities across sectors, this paper investigates whether the increased presence of speculators in recent years destabilizes the commodities...

In the late 1990s and early 2000s, China’s Ministry of Education embarked on an ambitious program of elementary school mergers by shutting down small village schools and opening up larger centralized schools in towns and county seats. The goal of the program was to improve the teacher and...

Aiming to provide better education facilities and improve the educational attainment of poor rural students, China’s government has been merging remote rural primary schools into centralized village, town, or county schools since the late 1990s. To accompany the policy, boarding facilities...

This paper examines the role of portfolio concentration at the stock level in generating abnormal returns and tries to reveal the factors behind the relationship between security concentration and fund performance. Our study finds that security-concentrated funds underperform...