In this paper, we investigate binary response models for heterogeneous panel data with interactive fixed effects by allowing both the cross sectional dimension and the temporal dimension to diverge. From a practical point of view, the proposed framework can be applied to predict the probability...

This article decodes the political and economic intention of leading official scholars of Chinese government based on the debt deflation theory Irving Fisher developed and how this theory help rescue the Chinese economy from the verge of turmoil. Then by excavating the annual reports of the...

We review inventories in mainland China by evaluating the trajectory of aggregate inventories in recent decades, and then modelling the relationship of inventories in some 300,000 manufacturers with respect to volume (using cost of goods sold), industry (using SIC codes), and geographical...

Since reform and open to the outside world, foxtail millet planting area in Hebei Province has constantly reduced, and its planting region has changed from the whole province into some regions, with obvious changes. In this paper, by using qualitative and quantitative approaches like chart...

In this paper, we used the production function method and the Van Norden method to estimate China's output gap (and potential output) from 1985 to 2009 year,and comparise the two methods. The results showed that: (1) the results of different methods are basically consistent with our economic...