City University of Hong Kong

Volume Details

Volume 20, No.3, August 2015

  • Christopher Candelaria, Mary Dale, and Galina Hale
    Persistence of Reginal Wage Difference in China
  • Jinzhao Chen
    Interprovincial Competitiveness and Economic Growth: Eviednce from Chinese Provincial Date (1992-2008)
  • Yifeng Yan and Ju'e Guo
    The Sovereign Yield Curve and the Macroeconomy in China
SPECIAL SECTION: CHINA'S FINANCIAL MARKET LIBERALIZATION
  • Iikka Korhonen
    Introduction to Collection of Papers from Conference on China's Financial Market Liberalization
  • Joshua Aizenman
    Internationalization of the RMB, Captial Markets Openness and Financial Reforms in China
  • Riikka Nuutilainen
    Contemporary Monetary Policy in China: An Emprical Assessment
  • Iftekhar Hasan, Nada Kobeissi, Haizhi Wang, and Mingming Zhou
    Banking Structure, Marketization, and Small Business Development: Regional Evidence from China

Volume 20, No.2, May 2015

SPECIAL SECTION: THE MACROECONOMICS OF LOW-INCOME COUNTRIES: NEW PERSPECTIVES
  • Yong Wang
    Introduction: Taxation and Macroeconomics
  • Wai-Hong Ho and Yong Wang
    Captial Income Taxation Revisited: The Roles of Information Friction and External Finance
  • Chengjian Li, Jinlu Li and Shuanglin Lin
    Optimal Income Tax for China
  • Jang-Ting Guo and Sharon G. Harrison
    Indeterminacy with Progressive Taxation and Sector-Specific Externalities
  • Been-Lon Chen, Mei Hsu and Chih-Fnag Lai
    Relative Effects of Labour Taxes and Unemployment Benefits on Hours Worked per Worker and Employment
  • Chi-Chur Chao and Eden S. H. Yu
    Environmental Impacts of Tariff and Tax Reforms Under Origin and Destination Principles
  • Yongzheng Liu and Jorge Martinez-Vazquez
    Growth-Inequality Tradeoff in the Design of Tax Structure: Evidence from a Large Panel of Countries
  • Lixing Li and Guangrong Ma
    Government Size and Tax Evasion: Evidence from China

Volume 20, No.1, February 2015

  • Gregory Chow and Linlin Niu
    Housing Price in Urban China as Determined by Demand and Supply
  • Ohyun Kwon, Simon Chang, and Belton M Fleisher
    Evolution of the Interindustry Wage Structure in China Since the 1980’s
SPECIAL SECTION: THE MACROECONOMICS OF LOW-INCOME COUNTRIES: NEW PERSPECTIVES
  • Galina Hale and Camelia Minoiu
    Macroeconomics of Low-income Countries: New Perspectives
  • Philip R. Lane
    International Financial Flows in Low-Income Countries
  • Franziska Bremus and Claudia M. Buch
    Banking Market Structure and Macroeconomic Stability: Are Low-Income Countries Special?
  • Moazzam Farooq and Sajjad Zaheer1
    Are Islamic Banks More Resilient during Financial Panics?
  • Romain Houssa, Jolan Mohimont, and Christopher Otrok
    Sources of Business Cycles in a Low Income Country
  • Alfredo Baldini, Jaromir Benes, Andrew Berg, Mai C. Dao, Rafael A. Portillo
    Monetary Policy in Low Income Countries in the Face of the Global Crisis: A Structural Analysis
  • Christine Richmond, Irene Yackovlev, Shu-Chun S. Yang
    Investing Volatile Resource Revenues in Capital-Scarce Economies

Volume 19, No.5, December 2014

SPECIAL SECTION: MARKET QUALITY ECONOMICS
  • Krishnendu Ghosh Dastidar and Fumio Dei
    Introduction to the Special Issue of Pacific Economic Review on Market Quality Economics
  • Makoto Yano and Takashi Komatsubara
    Participation of Ordinary Investors and Stock Market Quality: A Comparison between Japanese and US Markets
  • Sarbajit Chaudhuri and Krishnendu Ghosh Dastidar
    Corruption, Efficiency Wage and Union Leadership
  • Tetsuro Mizoguchi and Nguyen Van Quyen
    Corruption in Public Procurement Market
  • Takuma Kunieda and Akihisa Shibata
    Credit Market Imperfections and Macroeconomic Instability
  • Hiroshi Daisaka, Taiji Furusawa and Noriyuki Yanagawa
    Globalization, Financial Development and Income Inequality
  • Yunfang Hu and Kazuo Mino
    Capital Accumulation and Structual Change in a Small Open Economy
  • Noriaki Matsushima and Fumitoshi Mizutani
    How Does Market Size Affect Vertical Structure When Considering Vertical Coordination? Application to the Railway Industry

Volume 19, No.4, October 2014

  • Yinyin Cai and Yew-Kwang Ng
    Part-Peasants: Incomplete Rural-Urban Labor Migration in China
  • Junyi Shen and Xiangdong Qin
    Cooperation, Trust and Economic Development: An Experimental Study in China
  • Jackie M. L. Chan
    Assimilation of Hong Kong Immigrants in Canada
  • Chris Y. Tung and C. C. Yang
    Repeated Protection for Sale
  • Meng-Wen Tsou, Jin-Tan Liu and Kuang-Hsien Wang
    Impact of Low Birth Weight Child on Maternal Labour Force Participation: Evidence from Taiwan
  • Changhui Kang and Myoung-jae Lee
    Estimation of Binary Response Models With Endogenous Regressors

Volume 19, No.3, August 2014

SPECIAL SECTION: EXPERIMENTS ON LEARNING, METHODS, AND VOTING
  • Charles N. Noussair and Jason Shachat
    Experiments on Learning, Methods, and Voting
  • Nick Feltovich and Sobei H. Oda
    Effect of Matching Mechanism on Learning in Games Played under Limited Information
  • Ralph-C. Bayer, Hang Wu and Mickey Chan
    Explaining Price Dispersion and Dynamics in Laboratory Bertrand Markets
  • Yen Nguyen and Charles N. Noussair
    Risk Aversion and Emotions
  • Lijia Tan and Lijia Wei
    Voluntary Contribution Mechanism Played over an Infinite Horizon
  • Adriana Breaban, Juan Carlos Matallín-Sáez, Iván Barreda-Tarrazona, and Mª Rosario Balaguer-Franch
    When Do Structured Funds Become Too Good To Be True? An Experiment
  • Giuseppe Attanasi, Luca Corazzini, Nikolaos Georgantzis and Francesco Passarelli
    Risk Aversion, OverConfidence and Private Information as Determinants of Majority Thresholds
  • Yen Kuo and Joseph Tao-yi Wang
    Use of Strategy Methods in Experimental Pivotal-Voting Game

Volume 19, No.2, May 2014

  • Maria Jesus Herrerias and Javier Ordóñez
    Stochastic Regional Convergence in China: The Role of Regional Clusters in a Nonlinear Perspective (1952-2007)
  • Hailong Jin and E. Kwan Choi
    China's Profits and Losses from Currency Intervention, 1994-2011
  • Mingming Jiang
    Saving-Investment Association and Regional Capital Mobility in China: A Nonparametric Panel Approach
  • Xinpeng Xu and Yu Sheng
    Terms of Trade Shocks and Endogenous Search Unemployment: A Two-sector Model with Non-Traded Goods
  • Prabhath Jayasinghe, Albert K. Tsui and Zhaoyong Zhang
    Exchange Rate Exposure of Sectoral Returns and Volatilities: Further Evidence From Japanese Industrial Sectors
  • Yuan Cheng, John K. Dagsvik and Xuehui Han
    Real Estate Market Policy and Household Demand for Housing

Volume 19, No.1, February 2014

  • Gregory C Chow and Jie Li
    Environmental Kuznets Curve: Conclusive Econometric Evidence for CO2
  • Jang C. Jin and E. Kwan Choi
    Citations of Most Often Cited Economists: Do Scholarly Books Matter More than Quality Journals?
SPECIAL SECTION: CURRENCY ISSUES IN HONG KONG AND IN CHINA: THE DOLLAR PEG AND THE RENMINBI
  • Kenneth S. Chan and David E. Cook
    Introduction: Currency Issues in Hong Kong and in China: the Dollar Peg and the Renminbi
  • Bennett T. McCallum
    Monetary Policy in a Very Open Economy: Some Major Analytical Issues
  • Martin Feldkircher and Iikka Korhonen
    The Rise of China and Its Implications for the Global Economy - Evidence from a GVAR Model
  • Zihui Ma and Leonard K. Cheng
    An Optimal Currency Basket to Minimize Output and Inflation Volatility: Theory and An Application to Hong Kong
  • Risto Herrala and Yin-Wong Cheung
    China's Captial Controls - Through the Prism of Covered Interest Differentials
  • David Cook and James Yetman
    Currency Boards when Interest Rates are Zero

Volume 18, No.5, December 2013

SPECIAL ISSUE ON CAPITAL MOVEMENTS, FRAGMENTATION, AND MARKET QUALITY
  • Makoto Yano and Fumio Dei
    Introduction: Capital Movements, Fragmentation, and Market Quality
  • Ronald W. Jones
    Bubble Diagrams in Trade Theory
  • Sugata Marjit and Saibal Kar
    International Capital Flow, Vanishing Industries and Two-sided Wage Inequality
  • Eden S.H. Yu and Jai-Yong Choi
    Factor Growth and Foreign Investment under Product Market Imperfection in the Harris-Todaro Economy
  • Eric W. Bond and Yan Ma
    Learning by Doing and Fragmentation
  • Wanida Ngienthi
    Offshoring Prompts High Quality Labour Markets
  • Morihiro Yomogida and Nori Tarui
    Emission Taxes and Border Tax Adjustments for Oligopolistic Industries

Volume 18, No. 4, October 2013

  • Nan-Kuang Chen, Yu-Hsi Chou and Jyh-Lin Wu
    Credit Constraint and the Asymmetric Monetary Policy Effect on House Prices
  • Michael O'Hara and Christopher F. Parmeter
    Nonparametric Generalized Least Squares in Applied Regression Analysis
  • Li-Chen Hsu
    Tax Auditing as a Public Good Game: An Experimental Study on Punishment and Compliance
  • Chen Fang and Po-Sheng Lin
    Traded Bond Denominations, Shock Persistence and Current Account Dynamics: Another Look at the Harberger-Laursen-Metzler Effect
  • Ming-Jen Chang, Chang-Ching Lin and Shou-Yung Yin
    The Behaviour of Real Exchange Rates: The Case of Japan
  • Wen-Chung Guo and Fu-Chuan Lai
    Nesting Horizontal and Vertical Differentiation with Location Choices

Volume 18, No. 3, August 2013

  • Zhong-qin Su and Hung-Gay Fung
    Political Connections and Firm Performance in Chinese Companies
SPECIAL SECTION: ON ASIAN BUSINESS CYCLE SYNCHRONIZATION WITH THE GLOBAL ECONOMY
  • Mark M. Spiegel
    Introduction: Asian Business Cycle Synchronization with the Global Economy
  • Lille Lam and James Yetman
    Asia’s Decoupling: Fact, Fairytale or Forecast?
  • Sylvain Leduc and Mark M. Spiegel
    Is Aisa Decoupling from the United States (Again)?
  • M. Aythan Kose, Prakash Loungani and Marco E. Terrones
    From the Global to the National Cycle: An Intricate Liaison
  • Kwang-Myoung Hwang, Donghyun Park and Kwanho Shin
    Capital Market Openness and Output Volatility

Volume 18, No. 2, May 2013

  • Joshua Aizenman and Rajeswari Sengupta
    The Financial Trilemma in China and a Comparative Analysis with India
  • Peter Tillmann
    Inflation Targeting and Regional Inflation Persistence: Evidence from Korea
SPECIAL SECTION: CONTESTS, MANAGERIAL INCENTIVES, STOCK PRICE MANIPULATION, AND ADVANCE SELLING STRATEGIES
  • Cheng-Zhong Qin
    Introduction: Contests, Managerial Incentives, Stock Price Manipulation, and Advance Selling Strategies
  • Qian Jiao
    On Elimination in Contests: A Perspective on Output Maximization
  • Pinghan Liang
    Exit and Voice: A Game-theoretic Analysis of Customer Complaint Management
  • Junfeng Qiu and Yongli Zhang
    The Effect of Short-Sale Constraints on Stock Price Manipulation
  • Chenhang Zeng
    Optimal Advance Selling Strategy under Price Commitment
  • Baomin Dong, Guixia Guo, Frank Yong Wang
    Dynamic Moral Hazard and Executive Stock Option

Volume 18, No. 1, February 2013

  • Kuang-Liang Chang, Nan-Kuang Chen and Charles Ka Yui Leung
    In the Shadow of the United States: The International Transmission Effect of Asset Returns
  • Tin Cheuk Leung and Kwok Ping Tsang
    Can Anchoring and Loss Aversion Explain the Predictability in the Housing Market?
  • Qichun He
    Price Scissors and Economic Growth: the Role of Openness
  • Sahminan Sahminan and Jakob de Hassn
    Did Oral Interventions by the Indonesian Central bank support the rupiah?
  • Aaron Mehrotra, Riikka Nuutilainen & Jenni Pääkkönen
    Changing Economic Structures and Impacts of Shocks — Evidence from a DSGE Model for China
  • Kankesu Jayanthakumaran & Shao-Wei Lee
    Evidence on the Convergence of Per Capita Income; a Comparison of Founder Members of ASEAN and SAARC

Volume 17, No. 5, December 2012

  • Masahiko Shibamoto and Shigeto Kitano
    Structual Change in Current Account and Real Exchange Rate Dynamics: Evidence from the G7 Countries
  • Xiang Tang
    How "Little" Outsourcing Creates A Large Skill Premium: A Model of North-to-South Manufacturing Outsourcing
  • Joseph S.K. Wu and Chi Pui Ho
    Towards a More Complete Efficiency Wage Theory
  • Yuji Matsuoka and Toru Kikuchi
    Footloose Capital and Comparative Advantage
  • Attila Tasnádi, Trenton G. Smith and Andrew S. Hanks
    Quality Uncertainty as Resolution of the Bertrand Paradox
  • İ. Erdem Seçilmiş and M. Cahit Güran
    Income Heterogeneity in the Voluntary Provision of Dynamic Public Goods
  • Vijay Mohan and Bharat Hazari
    Tax Policy When Countries Compete for Third Market Exports

Volume 17, No. 4, October 2012

  • Oya Pinar Ardic, Nataliya Mylenko, Valentina Saltane
    Access to Finance by Small and Medium Enterprises: a Cross-Country Analysis with A New Data Set
  • Ting Liu and Monic Sun
    Informal payments in Developing Countries' Public Health Sectors
  • Rigoberto A. Lopez and Xenia Matschke
    Home Bias in US Beer Consumption
  • Hsin-Yi Lin and Kuang-Ta Lo
    Tax Incentives and Charitable Contributions: the Evidence from Censored Quantile Regression
  • Hyung-Jai Choi and Jooseop Kim
    Effects of Public Job Training Programmes on the Employment Outcome of Displaced Workers: Results of a Matching Analysis, a Fixed Effects Model and an Instrumental Variable Approach Using Korean Data
  • Wen-Jung Liang, Chao-Cheng Mai and Tzu-Kai Wang
    Symbiotic Production and Optimal Export Policy
  • Hwai-Chung Ho and Chien-Chih Lin
    How do Heterogeneous Beliefs Influence Assest Volatility?

Volume 17, No. 3, August 2012

  • Chi-Chur Chao, Shin-Wen Hu & Lee-Jung Lu
    Price Dynamics, Foreign Exchange, and Anticipated Shocks in a Tourism Economy
SPECIAL SECTION: ON MACRO AND MICRO INTERNATIONAL FLOWS
  • Giorgio Valente
    Introduction: Macro and Micro International Flows
  • Silvio Contessi and Pierangelo De Pace
    The (Non-) Resiliency of Foreign Direct Investment in the United States during the 2007-2009 Financial Crisis
  • Christopher J. Neely and Brett W. Fawley
    Captial Flows and Japanese Assest Volatility
  • Frank Packer and Eli Remolona
    Attracting Foreign Participation in Asian Local-Currency Bond Markets: The Case of the Asian Bond Fund 2 Initiative
  • Dagfinn Rime and Hans Jorgen Tranvag
    The Flows of the Pacific: Asian Foreign Exchange Markets through Tranquility and Turbulence
  • Cedric Tille
    Sailing through this Storm? Capital Flows in Asia during the Crisis

Volume 17, No. 2, May 2012

  • Soyoung Kim, Byung Hee Lee and Soo Kyung Park
    Measuring Price Elasticity of Sectorial Imports
SPECIAL SECTION: ON ASIA-PACIFIC ECONOMIES: A DSGE APPROACH
  • Charles Ka Yui Leung and Thomas A. Lubik
    Introduction: Asia-Pacific Economies: A DSGE Approach
  • Yasuo Hirose and Takushi Kurozumi
    Do Investment-Specific Technological Changes Matter for Business Fluctuations? Evidence from Japan
  • Wing Leong Teo and C. C. Yang
    Ramsey Taxes Meet Price Rigidity
  • Thomas A. Lubik
    Aggregate Labor Market Dynamics in Hong Kong
  • Kenneth S. Chan and Jean-Pierre Laffargue
    Foreign Threats, Technological Progress and the Rise and Decline of Imperial China
  • Paul D. McNelis and G.C. Lim
    Macroeconomic Volatility and Counterfactual Inflation-Targeting in Hong Kong
  • Julien Albertini, Gunes Kamber and Michael Kirker
    An Estimated Small Open Economy Model with Frictional Unemployment

Volume 17, No. 1, February 2012

  • Jacques Jaussaud and Serge Rey
    Long-Run Determinants of Japanese Exports to China and the United States: A Sectoral Analysis
  • Rui Mao & Yang Yao
    Structural Change in an Open Economy: An Application to South Korea
  • Guanglin William Liu
    Song China's Water Transport Revolution Revisited: A Study of the 1077 Commercial Tax Data
  • Aimin Guo
    Growth in Rural Households' Production Capacity & Social Changes: A Comparative Research between England in the Period of Industrialization & the Yangtze River Delta in Modern Times
SPECIAL SECTION: ON ASIA'S REGIONAL BUSINESS CYCLE: IS IT FOR REAL?
  • Mathias Hoffmann
    Introduction: Asia’s Regional Business Cycle: Is it for Real?
  • Dong He and Wei Liao
    Asian Business Cycle Synchronization
  • Ippei Fujiwara and Koji Takahashi
    Asian Financial Linkage: Macro-Finance Dissonance
  • Michael, J. Artis and Toshihiro Okubo
    Business Cycle, Currency and Trade, Revisited

Volume 16, No. 5, December 2011

  • Spiros Bougheas, Richard Kneller and Raymond Riezman
    Optimal Education Policies and Comparative Advantage
  • Toru Kikuchi and Ngo Van Long
    Shift Working and Trade in Labour Services with Time Zone Differences

  • Koyo Miyoshi
    Crime and Local Labor Market Opportunities for Low-Skilled Workers: Evidence Using Japanese Prefectural Panel Data
  • Pablo Agnese and Hector Sala
    The Driving Forces Behind the Falling Labour Share and Persistent Unemployment in Japan

  • Bernd Schnatz
    Global Imbalances and the Pretence of Knowing Fundamental Equilibrium Exchange Rates

  • Cheng-Feng Lee and Ching-Chuan Tsong
    Do Real Interest Rates Really Contain a Unit Root? More Evidence from a Bootstrap Covariate Unit Root Test
  • Jung Hur, Rasyad A. Parinduri and Yohanes E. Riyanto
    Cross-Border M&A Inflows and Quality of Country Governance: Developing Versus Developed Countries

Volume 16, No. 4, October 2011

  • Vladimir Sokolov, Byung-Joo Lee and Nelson C. Mark
    Linkages between Exchange Rate Policy and Macroeconomic Performance
  • Masayuki Hirukawa and Masako Ueda
    Venture Capital and Innovation: Which is First?

  • Kuang-Cheng Andy Wang, Chun-Hung A. Lin and Jiunn-Rong Chiou
    Tariff Jumping Foreign Direct Investment Decision in a Quality-Differentiated Market

  • Ya-Chin Wang and Leonard F. S. Wang
    Strategic Trade and Delegated Competitiion with Endogenous Quality Choice: Is Export Policy Needed?

  • Hung-Hao Chang and Steven T. Yen
    Mental Health and Employment of the Elderly in Taiwan: A Simultaneous Equation Approach

  • Wen-Ya Chang, Kuo-Hao Lee and Juin-Jen Chang
    Long-Run Growth and Welfare Effects of Tax Reform

Volume 16, No. 3, August 2011

  • Hung-Ju Chen and Jang-Ting Guo
    Money, Social Status and Endogenous Growth in a Generalized Cash-in-Advance Model
  • Steve Ching, Cheng Hsiao, Shui Ki Wan and Tongsan Wang
    Economic Benefits of Globalization - The Impact of Entry to WTO on China's Growth
  • Paul Evans and Keun-Yeob Oh
    A Test of the Convergence Hypothesis Allowing for Cross-Sectional Dependence
  • Wing Leong Teo and Po Chieh Yang
    Welfare Cost of Inflation in a New Keynesian Model
  • Gregory C. Chow
    Economic Analysis and Policies for Environmental Problems
  • Baozhi Qu and Yifan Zhang
    The Effect of Income Distribution on the Environmental Kuznets Curve
  • Ross Guest
    Population Ageing, Capital Intensity and Labour Productivity
  • Hong Hwang, Chao-Cheng Mai and Yeung-Nan Shieh
    External Economics of Scale and Optimal Plant Location: A Correction

Volume 16, No. 2, May 2011

  • Galina Hale and Cheryl Long
    Are There Productivity Spillovers from Foreign Direct Investment in China?
  • Gab-Je Jo
    Analysis of International Reserve Hoarding in Korea
  • Tatsuyoshi Miyakoshi, Masakatsu Okubo and Junji Shimada
    The Dynamic Welfare Cost of Stagnation: An Alternative Measure to the Lucas-Obstfeld Model
  • Harry Seldadyo and Jakob de Haan
    Is Corruption Really Persistent?
  • Laurent Denant-Boemont, David Masclet and Charles Noussair
    Announcement, Observation, and Honesty in the Voluntary Contributions Game
  • Maurice K.S. Tse and Kit Pong Wong
    Liquidity Risk and Corporate Hedging with Futures
  • Young Hoon Lee and Ming Yu Cheng
    The Catching-Up and Technological Progress of the ASEAN Economies
  • Ida Ferrara
    Illegal Disposal and Waste Collection Frequency

Volume 16, No. 1, February 2011

  • Yin-Wong Cheung, Guonan Ma and Robert N. McCauley
    Renminbising China's Foreign Assets
  • Keen Meng Choy
    Business Cycles in Singapore: Stylized Facts for a Small Open Economy
  • Reza Oladi, John Gilbert & Hamid Beladi
    Foreign Direct Investment, Non-Traded Goods and Real Wages
SPECIAL SECTION: ON AIR TRANSPORT INDUSTRY IN THE ASIA-PACIFIC REGION
  • Kevin Cullinane, Michael Firth , Michael K.Y. Fung, Stephen X.H. Gong, Japhet S. Law and Anming Zhang
    Development of Air Transport Industry in the Asia-Pacific Region
  • Katsuhiro Yamaguchi
    Cross-border Integration in North East Asian Air Transport Market
  • Mikio Takebayashi
    Evaluation of Asian Airports as Gateway: Application of Network Equilibrium Model
  • Andrew C. L. Yuen and Anming Zhang
    Airport Congestion Pricing and its Welfare Implications: The Case of Variable Passenger Time Costs
  • Hideki Murakami
    An Empirical Analysis of Inter-firm Rivalry between Japanese Full-Service and Low-Cost Carriers
  • Clement Kong Wing Chow and Michael Ka Yiu Fung
    A Note on the Productivity Convergence of Airports in China

Volume 15, No. 5, December 2010

  • Tatsuyoshi Miyakoshi, Tatsuhito Kono and Kota Terasawa
    Optimal Adjustment of the Composition of Public Expenditure in Developing Countries

  • Ke Li, Chihning Chu, Derfang Hung, Chauchyun Chang and Songlin Li
    Industrial Cluster, Network and Production Value Chain: A New Framework for Industrial Development Based on Specialization and Division of Labour

  • Jeong-Yoo Kim, Taehun Jung and Nae-Chan Lee
    Standardization in the Wireless Internet Market: Lessons from Japan and Korea

  • Hongsheng Fang and Xiangrong Jin
    Role of Economic Structural Adjustment for Long-Term Economic Stability in China: Estimation Based on Variance Decomposition

  • Mitsuru Mizuno
    Institutional Investors, Corporate Governance and Firm Performance in Japan

  • Jang C. Jin
    Research Publications, Economic Growth and Causlity: Japan's Experience

  • Chih-Ning Chu and Wai-Man Liu
    General Equilibrium Analysis of Hold-up Problem and Non-Exclusive Franchise Contract

  • Carlos Pestana Barros, Shunsuke Managi and Yuichiro Yoshida
    Technical Efficiency, Regulation and Heterogeneity in Japanese Airports

  • Keiko Nosse Hirono
    Housing Policy for Utilization of Existing Housing

  • Makiko Nakano and Shunsuke Managi
    Productivity Analysis with CO2 Emissions in Japan

  • Ke Li, Jie Zhang, Yihua Yu and Zhibiao Liu
    Does Market-Oriented Economic Transition Enhance Enterprise Productivitiy? Evidence from China's Enterprises

  • Sichong Chen
    What Drives the Time-Series and Cross-Sectional Variations in Bank Capital Ratios? Evidence from Japan

Volume 15, No. 4, October 2010

  • Changhui Kang and Myoung-jae Lee
    Performance of Various Estimators for Censored Response Models with Endogenous Regressors
  • Valentina Hartarska, Christopher F. Parmeter, Denis Nadolnyak and Beibei Zhu
    Economies of Scope for Microfinance: Differences Across Output Measures
  • Dennis Tao Yang, Vivian Weijia Chen and Ryan Monarch
    Rising Wages: Has China Lost Its Global Labor Advantage?
  • Hwei-Lin Chuang, Ning Hsieh and Eric S. Lin
    Labor Market Activity of Foreign Spouses in Taiwan: Employment Status and Choice of Employment Sector
  • Cheolsung Park
    How Are Upstream Transfers Determined? New Evidence from South Korea
  • Beomsoo Kim
    Do Doctors Induce Demand?

Volume 15, No. 3, August 2010

  • Fang-yueh Chen and Tsai-Chen Shen
    International Original Equipment Manufacturing and Original Design Manufacturing Contracts with Quality-Differentiated Products
  • Joshua Aizenman and Jaewoo Lee
    Real Exchange Rate, Mercantilism and the Learning by Doing Externality
SPECIAL SECTION: ON CONTAGION
  • Bertrand Candelon
    Introduction to the Special Issue of Pacific Economic Review on Contagion
  • Andrew K. Rose and Mark M. Spiegel
    Cross-Country Causes and Consequences of the 2008 Crisis: International Linkages and American Exposure
  • Hans Manner ad Bertrand Candelon
    Testing for Asset Market Linkages: A New Approach Based on Time-Varying Copulas
  • Jan Piplack and Stefan Straetmans
    Comovements of Different Asset Classes during Market Stress
  • Thomas J. Flavin and Ekaterini Panopoulou
    Detecting Shift and Pure Contagion in East Asian Equity Markets: A Unified Approach
  • Andreas Steiner
    Contagious Policies: An Analysis of Spatial Interactions among Countries' Capital Account Policies

Volume 15, No. 2, May 2010

  • David Parsley and Helen Popper
    Understanding Real Exchange Rate Movements with Trade in Intermediate Products
  • Mark J. Holmes
    Are Asia-Pacific Real Exchange Rates Stationary? A Regime-Switching Perspective
  • Pierre L. Siklos and Yang Zhang
    ldentifying the Shocks Driving Inflation in China
  • Charles Ka Yui Leung and Nan-Kuang Chen
    Stock Price Volatility, Negative Autocorrelation and the Consumption-Wealth Ratio: The Case of Constant Fundamentals
  • Lichao Cheng, Bin Li and Zhixiong Zeng
    Housing in a Neoclassical Growth Model
  • Jimmy Ran, Jan P. Voon and Guangzhong Li
    How do Oil Price Shocks Affect a Small Non-Oil Producing Economy? Evidence from Hong Kong
  • Hongshik Lee
    Decision to Invest Abroad: The Case of South Korean Multinationals

Volume 15, No. 1, February 2010

  • Kyung Soo Kim and Hyoung-Kyu Chey
    Some Salient Issues Raised by the Global Financial Crisis
  • Michael C.M. Leung and Yong Wang
    Endogenous Health Care, Life Expectancy and Economic Growth
  • Hong Hwang, Chao-Cheng Mai and Hiroshi Ohta
    Export Subsidies, Cost Differential and Product Quality
SPECIAL SECTION: DYNAMICS, ECONOMIC GROWTH, AND INTERNATIONAL TRADE: ASIA
  • Sisira Jayasuriya and Bjarne S. Jensen
    Dynamics, Economic Growth, and International Trade: Introduction
  • Charles Yuji Horioka
    Aging and Saving in Asia
  • Henryk Kierzkowski and Lurong Chen
    Outsourcing and Trade Imbalances: The United States-China Case
  • Peter Lloyd
    Global Economic Integration
  • Ross S. Guest and Ian M. McDonald
    Other-Regarding Uzawa Preferences and Living Standard Catch-Up
  • Hayat Khan
    Private Intergenerational Transfers and Their Ability to Offset the Fiscal Burden of Ageing
  • Peter Warr
    Roads and Poverty in Rural Laos: An Econometric Analysis

Volume 14, No. 5, December 2009

  • Masahiro Hori, Yasuaki Ito and Keiko Murata
    Do Depositors Respond Rationally to Bank Risks? Evidence from Japanese Banks during Crises
  • Hiroshi Ohta, Ke Li and Hidetaka Kawano
    General Equilibrium Analysis of Overlapping Generations with Heterogeneous Time Preferences
  • Tsugio Ide
    How to Rectify Unfair Trade Practices and to Establish Appropriate Supply Chains and Better Business Culture under the Global Market Economy
  • Mitsuru Mizuno and Isaac T. Tabner
    Corporate Governance in Japan and the UK: Codes, Theory and Practice
  • Jaap de Wit, Jan Veldhuis, Guillaume Burghouwt and Hidenobu Matsumoto
    Competitive Position of Primary Airports in the Asia-Pacific Rim
  • Atsumasa Kondo and Koji Kitaura
    Does Deflation Impinge on a Government's Fiscal Standing?
  • Jianjun Sun and Nobuyoshi Yamori
    Regional Disparities and Investment - Cash Flow Sensitivity: Evidence from Chinese Listed Firms
  • Motomichi Ikawa
    Reform of the International Monetary System Based on Special Drawing Rights and Its Implications for Asia
  • Ke Li, Shuntian Yao and Lei Yu
    Community Property Auction, Nash Bidding Rule and China's Rural Economic Reform
  • Keiko Nosse Hirono
    Housing Policy for the Elderly: A Policy to Build Barrier-Free Rental Housing
  • Ruilong Yang and Jidong Yang
    Why has Top Executive Compensation Increased so much in China: A Explanation of Peer-Effects
  • Mitsuko Hirata
    Hidden Entrepreneurship in the Organization of Japanese Firms: The Dynamics of Founder Entrepreneurship
  • Dong He, Zhiwei Zhang and Wenlang Zhang
    How Large will be the Effect of China's Fiscal Stimulus Package on Output and Employment?

Volume 14, No. 4, October 2009

  • Richard A. DePolt, Robert A. Moffitt and David C. Ribar
    Food Stamps, Temporary Assistance for Needy Families and Food Hardships in Three American Cities
  • Fali Huang and Myoung-Jae Lee
    Does Television Viewing Affect Children's Behaviour?
  • Bruce A. Weinberg
    A Model of Overconfidence
  • Jinyoung Kim, Sangjoon John Lee and Gerald Marschke
    Inventor Productivity and Firm Size: Evidence from Panel Data on Inventors
  • Daiji Kawaguchi and Yuko Mori
    Is Minimum Wage an Effective Anti-Poverty Policy in Japan?
  • Chih-Hai Yang and Yi-Ju Huang
    Do Intellectual Property Rights Matter to Taiwan's Exports? A Dynamic Panel Approach

Volume 14, No. 3, August 2009

  • Michael Dooley, David Folkerts-Landau and Peter Garber
    Bretton Woods II Still Defines the International Monetary System
  • Yin-Wong Cheung and Xingwang Qian
    Empirics of China's Outward Direct Investment
SPECIAL SECTION: CHINA'S IMPACT ON THE GLOBAL ECONOMY: A SYMPOSIUM
  • Menzie D. Chinn
    Introduction: The Symposium on "China's Impact on the Global Economy"
  • Jeffrey A. Frankel
    New Estimation of China's Exchange Rate Regime
  • Steven Dunaway, Lamin Leigh and Xiangming Li
    How Robust are Estimates of Equilibrium Real Exchange Rates: The Case of China
  • Charles P. Thomas, Jaime Marquez and Sean Fahle
    Measures of International Relative Prices for China and the USA
  • Willem Thorbecke and Hanjiang Zhang
    The Effect of Exchange Rate Changes on China's Labour-Intensive Manufacturing Exports
  • François Lescaroux and Valérie Mignon
    Measuring the Effects of Oil Prices on China's Economy: A Factor-Augmented Vector Autoregressive Approach
  • Joshua Aizenman and Yothin Jinjarak
    The USA as the "Demander of Last Resort" and the Implications for China's Current Account

Volume 14, No. 2, May 2009

  • Taegi Kim, Keith E. Maskus and Keun-Yeob Oh
    Effects of Patents on Productivity Growth in Korean Manufacturing: A Panel Data Analysis
  • Joonmo Cho and Jaeho Keum
    Dualism in Job Stability of the Korean Labour Market: The Impact of the 1997 Financial Crisis
  • Soyoung Kim, Sunghyun H. Kim and Yunjong Wang
    Fear of Floating in East Asia?
  • Wing Leong Teo
    Estimated Dynamic Stochastic General Equilibrium Model of the Taiwanese Economy
  • Chi-Chur Chao, Bharat R. Hazari, Jean-Pierre Laffargue and Eden S.H. Yu
    A Dynamic Model of Tourism, Employment and Welfare: The Case of Hong Kong
  • Vivian Lei and Filip Vesely
    Market Efficiency: Evidence from a No-Bubble Asset Market Experiment
  • Samarth Vaidya
    Influencing the Public and Efficiency in Bureaucratic Provision
  • Yi Jin and Zhixiong Zeng
    Money, Credit, and Business Cycle Comovement

Volume 14, No. 1, February 2009

  • Ronald A. Edwards
    Federalism and the Balance of Power: China's Han and Tang Dynasties and the Roman Empire
SPECIAL SECTION: JAWAHARLAL NEHRU UNIVERSITY CONFERENCE ON INSTITUTION
  • Manmohan Agarwal, Satish K. Jain and Anjan Mukherji
    2007 JNU Conference on Institutions
  • Subrata Guha
    Neoclassical Growth and the Distribution of Consumption
  • S. Subramanian
    Reckoning Inter-Group Poverty Differentials in the Measurement of Aggregate Poverty
  • Brati Sankar Chakraborty
    Protection and Real Rewards: Some Antinomies
  • Rajendra P. Kundu
    Efficiency of Liability Rules with Interdependent Costs of Care
  • Ram Singh
    Risk, Informational Asymmetry and Product Liability: An Enquiry into Conflicting Objectives
  • Manmohan Agarwal and Bharat R. Hazari
    Kaldorian Demand Functions and the Return to Capital: An Analysis in a Trade Theoretic Framework
  • Satish K. Jain
    Efficiency of Liability Rules with Multiple Victims

Volume 13, No. 5, December 2008

  • Dao Thanh Hong and Quan Vu Le
    Analysis of Policy Changes in the Seafood Processing Industry in Vietnam
  • Innwon Park and Soonchan Park
    Reform Creating Regional Trade Agreements and Foreign Direct Investment: Applications for East Asia
  • Paresh Kumar Narayan and Seema Narayan
    Examining the Asymmetric Behaviour of Macroeconomic Aggregates in Asian Economies
  • Mitsuru Mizuno and Isaac T. Tabner
    Choice, Confusion and Competition in the Market for Markets: Aiming for Aim in Three Junior Asian Stock Exchanges
  • Min Hwan Lee and Mamoru Nagano
    Market Competition Before and After Bank Merger Wave: A Comparative Study of Korea and Japan
  • Jakob B. Madsen, Martin Barner and Christian Farø
    R&D, Technology Spillovers and Stock Prices
  • Shuntian Yao and Ke Li
    Economic Networking and Stability
  • Wenli Cheng and Dingsheng Zhang
    Who Should Be Given More Foreign Aid?
  • Takashi Komatsubara
    Equilibrium Selection in the Yano Model of Price Leadership
  • Paresh Kumar Narayan and Seema Narayan
    Do Permanent Shocks Explain Income Levels? A Common Cycle-Common Trend Analysis of Regional Income Levels for China
  • Koji Wakabayashi
    Relationship Between Business Definition and Corporate Growth: The Effect of Functional Alignment
  • Xiujian Peng
    Demographic Shift, Population Ageing and Economic Growth in China: A Computable General Equilibrium Analysis

Volume 13, No. 4, October 2008

  • Eric W. Bond
    Input Quality, Relational Contracts and International Outsourcing
  • Yu-chin Chen and Pisut Kulthanavit
    Adaptive Learning and Monetary Policy in an Open Economy: Lessons from Japan
  • Ming-Cheng Wu, Erin H.C. Kao and Hung-Gay Fung
    Impact of Dividend-Protected Employee Stock Options on Payout Policies: Evidence from Taiwan
  • Jane-Sue Wang, Jing-Twen Chen and Pin-Huang Chou
    Market Reactions to the Passage of the Financial Holding Company Act in Taiwan
  • Junming Hsu and Hsin-Yi Wang
    Why do Price Spreads Between Domestic Shares and their ADRS Vary Over Time?
  • Shiuh-Shen Chien
    Local Responses to Globalization in China: A Territorial Restructuring Process Perspective

Volume 13, No. 3, August 2008

  • Sharmistha Self and Richard Grabowski
    Examining the Link Between Japan's Development and Education of Females
SPECIAL SECTION: LESSONS FROM CHINESE ECONOMIC HISTORY, A SYMPOSIUM
  • Kent G. Deng
    Introduction
  • R. Bin Wong
    Transformations of China's Post-1949 Political Economy in an Historical Perspective
  • Bozhong Li
    Chinese Economic History in a New Perspective: Focusing on the Late Imperial Rural Economy in Jiangnan
  • Kent G. Deng
    Miracle or Mirage? Foreign Silver, China's Economy and Globalization from the Sixteenth to the Nineteenth Centuries
  • Dennis O. Flynn and Arturo Giráldez 
    Born Again: Globalization's Sixteenth Century Origins (Asian/Global Verus European Dynamics)

Volume 13, No. 2, May 2008

  • Chang Jin Kim and Jong-Wha Lee
    Exchange Rate Regime and Monetary Policy Independence in East Asia
  • Céline Crouzille, Laetitia Lepetit and Carlos Bautista
    How did the Asian Stock Markets React to Bank Mergers After the 1997 Financial Crisis?
  • Julan Du
    Corruption and Corporate Finance Patterns: An International Perspective
  • Hamid Beladi, Fathali Firoozi and Catherine Co
    Link Between Domestic R&D and Inflow of FDI: A Game-Theoretic Analysis
  • Lok Sang Ho and Gary Wong
    Nexus Between Housing and the Macro Economy: The Hong Kong Case
  • Wensheng Peng, Dickson C. Tam and Matthew S. Yiu
    Property Market and the Macroeconomy of Mainland China: A Cross Region Study
  • Terence Tai-Leung Chong and Xin Du
    Hedonic Pricing Models for Vehicle Registration Marks

Volume 13, No. 1, February 2008

  • Hon-Kwong Lui and Wing Suen
    Men, Money, and Medals: An Econometric Analysis of the Olympic Games
  • Rod Tyers, Iain Bain and Yongxiang Bu
    China's Equilibrium Real Exchange Rate: A Counterfactual Analysis
  • George M. von Furstenberg
    Revaluation Pressure and New Exchange Rate Arrangements for East Asia: A Symposium
  • Agnès Bénassy-Quéré and Amina Lahrèche-Révil Valérie Mignon
    Is Asia Responsible for Exchange Rate Misalignments within the G20?
  • Már Gudmundsson
    Near-Term Exchange Rate Flexibility in East Asia: Precursor to Regional Monetary Union?
  • Masahiro Kawai
    Toward a Regional Exchange Rate Regime in East Asia
  • Guonan Ma and Robert N. McCauley
    Efficacy of China's Capital Controls: Evidence from Price and Flow Data
SPECIAL ISSUE: THE ECONOMICS OF THE DOHA ROUND AND THE WTO - PART II
  • K.C. Fung and Alan Siu
    Political Economy of Service Trade Liberalization and the Doha Round
  • Hansung Kim and Kar-Yiu Wong
    Gradual Trade Liberalization with Sluggish Capital Movement

Volume 12, No. 5, December 2007

  • Hiroshi Ohta, Hironobu Nakagawa and Yong Wang
    Economics of Stock-Price Vibrations: Riding Speculative Waves Without Speculation
  • Shiu-Sheng Chen and Kenshi Taketa
    Assessment of Weymark's Measures of Exchange Market Intervention: The Case of Japan
  • Ke Li and Shuntian Yao
    Sales Maximization and Profit Maximization: A Note on the Decision of a Sales Maximizer to the Increase of Per Unit Cost
  • Atsumasa Kondo
    On the Sustainability of Government Borrowing in a Dynamic General Equilibrium
  • Pushkar Maitra, Russell Smyth, Ingrid Nielsen, Chris Nyland and Cherrie Zhu
    Firm Compliance with Social Insurance Obligations Where There is a Weak Surveillance and Enforcement Mechanism: Empirical Evidence from Shanghai
  • Dong He, Wenlang Zhang and Jimmy Shek
    How Efficient has been China's Investment? Empirical Evidence from National and Provincial Data
  • Mita Bhattacharya
    Industrial Performance and Competition: The Case of Japanese Manufacturing
  • Mitsuru Mizuno
    Payout Policy of Japanese Firms: Analysis on the Survey of Four Industries Listed on the Tokyo Stock Exchange
  • Paresh K. Narayan
    Testing Convergence of Fiji's Tourism Markets
  • Liping Zou, Lawrence C. Rose and John F. Pinfold
    Asymmetric Information Impacts: Evidence from the Australian Treasury-Bond Futures Market
  • Ke Li, Yifan Hu and Jing Chi
    Major Sources of Production Improvement and Innovation Growth in Chinese Enterprises
  • Ki Seong Park
    Industrial Relations and Economic Growth in Korea

Volume 12, No. 4, October 2007

  • Bernard Hoekman and Aaditya Mattoo
    Regulatory Cooperation, Aid for Trade and the GATS
  • Hiro Ito and Menzie Chinn
    Price-Based Measurement of Financial Globalization: A Cross-Country Study of Interest Rate Parity By
  • An-Chi Tung and Henry Wan Jr
    Co-Evolution of the Electronics Industry: Policy Interactions Across the Pacific
  • Shih-Ying Wu, Po-Young Chu and Tzu-Yar Liu
    Determinants of a Firm's ISO 14001 Certification: An Empirical Study of Taiwan
  • Roger White and Bedassa Tadesse
    Immigration Policy, Cultural Pluralism and Trade: Evidence from the White Australia Policy
  • Kazunobu Hayakawa
    Growth of Intermediate Goods Trade in East Asia

Volume 12, No. 3, August 2007

SPECIAL ISSUE: THE ECONOMICS OF THE DOHA ROUND AND THE WTO - PART I
Guest Editors: Robert E. Baldwin, K.C. Fung and Alan Siu
  • Robert E. Baldwin, K.C. Fung and Alan Siu
    Introduction
  • Robert E. Baldwin
    Political Economy of the Disappointing Doha Round of Trade Negotiations
  • Bernard Hoekman
    Doha, Development and Discrimination
  • Andrew G. Brown and Robert M. Stern
    Concepts of Fairness in the Global Trading System
  • Kym Anderson and Will Martin
    Agricultural and NAMA Reform under Doha: Implications for Asia-Pacific Economies
  • J. Michael Finger and John S. Wilson
    Implementing a Trade Facilitation Agreement in the WTO: What Makes Sense?
  • Michael O. Moore
    Antidumping Reform in the WTO: A Pessimistic Appraisal
  • Sven W. Arndt
    Doha Development Round: Reaching Beyond Trade Liberalization

Volume 12, No. 2, May 2007

  • Ngo Van Long and Koji Shimomura
    Voluntary Contributions to a Public Good: Non-Neutrality Results
  • Bingyuan Hsiung
    Ronald Coase's Englishness and Steven Cheung's Chineseness
  • James Yetman
    Currency Unions, Trade Flows and Capital Flows
  • Geoffrey Fishburn and Murray C. Kemp
    Impoverishing Technical and Preferential Improvements
  • C. Simon Fan
    Sticky Wage, Efficiency Wage and Keynesian Unemployment
  • Nobuhito Suga
    An Analysis of Transboundary Pollution and the Gains from Trade: Reconsideration
  • Ling Qi
    Sufficiency of the Lens Condition for Factor Price Equalization

Volume 12, No. 1, February 2007

  • Nadeem Ul Haque and M. Ali Khan
    Institutional Development: Skill Transference Through a Reversal of 'Human Capital Flight' or Technical Assistance
  • Jonathan E. Leightner
    Omitted Variables, Confidence Intervals, and the Productivity of Exchange Rates
  • B. Andreosso-O'Callaghan and Denis Kan
    Analysis of the Current Account Position of Four Asian Countries Before the 1997 Crisis
SPECIAL SECTION ON THE ECONOMICS OF ENDOGENOUS SPECIALIZATION
  • Yew-Kwang Ng and Guang-Zhen Sun
    Economics of Endogenous Specialization: Introduction
  • Wai-Man Liu and Xiaokai Yang
    Effects of Political Monopoly on Economic Development
  • Lewis S. Davis
    Market Transaction Costs in Industrialization and Demographic Transition
  • Wen-Li Cheng and Ding-Sheng Zhang
    Can Productivity Progress in China Hurt the USA? Samuelson's Example Extended
  • Christis G. Tombazos
    Specialization, the Intermediate Nature of Traded Products and the Myth of Import Driven Wage Inequality in the United States
  • Guo-Qiang Li and Yew-Kwang Ng
    Indirect Pricing Theory of the Firm: A General-Equilibrium Analysis Involving Production Technology and Management Service

Volume 11, No. 4, December 2006

  • Domenico Depalo
    Japan: The Case for a Taylor Rule? A Simple Approach
  • Michael Funke
    Inflation in China: Modelling a Roller Coaster Ride
  • John G. Greenhut and Dean Howard Smith
    Heterogeneous Space in Regional Economics and Beyond
  • Shuntian Yao and Ke Li
    Specialization and Trade: A Game Theoretical Approach
  • Ingrid Nielsen, Berenice Nyland, Chris Nyland, Russell Smyth and Mingqiong Zhang
    Determinants of School Attendance Among Migrant Children: Survey Evidence from China's Jiangsu Province
  • Kong-Jun Chen and Xiao-Ming Li
    Is Technical Analysis Useful for Stock Traders in China? Evidence from the Szse Component A-Share Index
  • Mitsuru Mizuno
    The Development of Initial Public Offering Markets for Emerging Companies in Japan
  • Dingsheng Zhang and Heling Shi
    A Note on "An Inframarginal Analysis of the Ricardian Model"
  • Jing Chi, Ke Li and Martin Young
    Financial Integration in East Asian Equity Markets
  • Innwon Park
    East Asian Regional Trade Agreements: Do They Promote Global Free Trade?

Volume 11, No. 3, October 2006

  • Gregory C. Chow
    Globalization and China's Economic Development
  • Ronald McKinnon
    China's Exchange Rate Appreciation in the Light of the Earlier Japanese Experience
  • K.C. Fung, Lawrence J. Lau and Yanyan Xiong
    Adjusted Estimates of United States-China Bilateral Trade Balances - An Update
  • Terrie L. Walmsley, Thomas W. Hertel and Elena Ianchovichina
    Assessing the Impact of China's WTO Accession on Investment
  • Harrison Cheng, Cheng Hsiao, Jeffrey B. Nugent and Jicheng Qiu
    Managerial Autonomy, Contractual Incentives and Productivity in a Transition Economy: Some Evidence from China's Town and Village Enterprises
  • Bin Xu
    Infant Industry and Political Economy of Trade Protection
  • Martin J. Beckmann
    Allocation under Increasing and Decreasing Returns
  • E. Kwan Choi and Hamid Beladi
    Factor Accumulation and the Terms of Trade: Applications to the Asian Financial Crisis
  • Akbar Marvasti and David J. Smyth
    Barter's Role in the Money-Income Relationship

Volume 11, No. 2, June 2006

SPECIAL ISSUE: EXPERIMENTAL METHODS IN ECONOMICS AND FINANCE
  • Charles Noussair
    Introduction
  • Werner Güth, Radosveta Ivanova-Stenzel and Sabine Kröger
    Procurement Experiments with Unknown Costs of Quality
  • Neil J. Buckley, Stuart Mestelman and R. Andrew Muller
    Implications of Alternative Emission Trading Plans: Experimental Evidence
  • Charles Noussair and Steven Tucker
    Future Markets and Bubble Formation in Experimental Asset Markets
  • Klaus Abbnik, Elke Renner and Bernd Irlenbusch
    Interest Rates in Group Lending: A Behavioural Investigation
  • Chun-Lei Yang, Joachim Weimann and Atanasios Mitropoulos
    An Alternative Approach to Explaining Bargaining Behaviour in Simple Sequential Games
  • Kenneth S. Chan
    Trust Games, the Moral of the Story
  • Enrique Fatas, Tibor Neugebauer and Javier Perote
    Within-Team Competition in the Minimum Effort Coordination Game

Volume 11, No. 1, February 2006

  • Furio Camillo Rosati and Zafiris Tzannatos
    Child Labour in Vietnam
  • Hamid Beladi, Sugata Marjit and Reza Oladi
    Uniform Technical Progress: Can it be Harmful?
  • Shawna Grosskopf and Sharmistha Self
    Factor Accumulation or TFP? A Reassessment of Growth in Southeast Asia
  • Yong He and Guang-Zhen Sun
    Income Dispersion and Price Discrimination
  • Yasuhiro Takarada
    Welfare Effects of Technology Transfer
  • Sarbajit Chaudhuri, Shigemi Yabuuchi and Ujjaini Mukhopadhyay
    Inflow of Foreign Capital and Trade Liberalization in a Model with an Informal Sector and Urban Unemployment
  • Nobuhiro Takahashi
    Intra-Industry Trade and National Entry Policy
  • Lok Sang Ho
    Role of Fiscal and Monetary Policy

Volume 10, No. 4, December 2005

  • Hiroshi Ohta, Yan-Shu Lin and Masa K. Naito
    Spatial Perfect Competition: A Uniform Delivered Pricing Model
  • Paresh Kumar Narayan and Russell Smyth
    Structural Breaks and Unit Roots in Australian Macroeconomic Time Series
  • Ke Li, Jan Whitwell and Shuntian Yao
    A Growth Model for China's Special Economic Zone
  • Jing Chi and Carol Padgett
    The Performance and Long-Run Characteristics of the Chinese IPO Market
  • Chunrong Ai and Mei Wen
    Ownership and Sector Performance in Present-Day China: A Regional Study
  • Mitsuru Mizuno
    Development of the Service Sector in Japan and its Implications for the Economy
  • Motomichi Ikawa
    Where is the Japanese Economy Headed?
  • Po-Ting Liu and Guang-Zhen Sun
    The International Demonstration Effect and the Domestic Division of Labour: A Simple Model
  • Shuntian Yao and Ke Li
    Pricing Superior Goods: Utility Generated by Scarcity
  • Tohru Wako and Hiroshi Ohta
    Who Benefits from Corroding Keiretsu?
  • Keiko Nosse Hirono
    A VAR Analysis of the Effect of Housing Loan Policy
  • Koji Wakabayashi
    Relationship Between Business Definition and the Long-Term Growth of Companies: Is Levitt Right?
  • Kegang You and Seiichi Katayama
    Intellectual Property Rights Protection and Imitation: An Empirical Examination of Japanese F.D.I. in China

Volume 10, No. 3, October 2005

  • Lawrence J. Lau and Isabel K. Yan
    Predicting Currency Crises with a Nested Logit Model
  • Murray C. Kemp
    Aid Tied to the Donor's Exports
  • Yin-Wong Cheung
    An Analysis of Hong Kong Export Performance
  • Ke Li, Russell Smyth and Shuntian Yao
    Institutionalized Corruption and Privilege in China's Socialist Market Economy: A General Equilibrium Analysis
  • Jimmy Ran
    Is There Long-Run Money Neutrality under Different Exchange Rate Regimes?
  • Koji Okuguchi and Ferenc Szidarovszky
    Changes in Demand Function in Cournot Oligopoly
  • Christopher Bajada and Friedrich Schneider
    The Shadow Economies of the Asia-Pacific

Volume 10, No. 2, June 2005

  • Ting Gao
    Foreign Direct Investment in China: How Big are the Roles of Culture and Geography ?
  • Mikhail M. Klimenko
    The 'Thick Market' Effect and Agglomeration in High-Growth Industries
SPECIAL SECTION ON DEFLATION AND MACROECONOMIC ISSUES IN HONG KONG
  • Kenneth S. Chan and Stefan Gerlach
    Introduction
  • Hans Genberg and Laurent Pauwels
    Wage-Price Dynamics and Deflation in Hong Kong
  • Joanne Cutler
    The Relationship between Consumption, Income and Wealth in Hong Kong
  • Philip Schellekens
    Deflation in Hong Kong SAR
  • Hans Genberg and Laurent L. Pauwels
    An Open-Economy New Keynesian Phillips Curve: Evidence from Hong Kong
  • Stefan Gerlach and Matthew S. Yiu
    A Dynamic Factor Model of Economic Activity in Hong Kong

Volume 10, No. 1, February 2005

SPECIAL ISSUE: RECENT ADVANCES IN INTERNATIONAL FINANCE
  • Yin-Wong Cheung
    Introduction
  • Robert P. Flood and Andrew K. Rose
    A New Approach to Asset Integration: Methodology and Mystery
  • Ronald MacDonald and Luca Antonio Ricci
    The Real Exchange Rate and the Balassa-Samuelson Effect: The Role of the Distribution Sector
  • Shiu-Sheng Chen and Charles Engel
    Does "Aggregation Bias" Explain the PPP Puzzle?
  • Mark P. Taylor
    Official Foreign Exchange Intervention as a Coordinating Signal in the Dollar-Yen Market
  • Yin-Wong Cheung and Jude Yuen
    The Suitability of a Greater China Currency Union
  • Paul De Grauwe and Magdalena Polan
    Globalization and Social Spending
  • Michael K.Y. Fung, Wai-Ming Ho and Lijing Zhu
    Financial Liberalization and Economic Growth: A Theoretical Analysis of the Transforming Chinese Economy

Volume 9, No. 4, December 2004

  • Xin Deng and Yew-Kwang Ng
    Optimal Taxation on Mixed Diamond Goods: Implications for Private Car Ownership in China
  • Ke Li and Russell Smyth
    Divisions of Labour, Specialization and the Enforcement of a System of Property Rights: A General Equilibrium Analysis
  • Paresh Kumar Narayan
    Are Output Fluctuations Transitory? New Evidence from 24 Chinese Provinces
  • Keiko Nosse Hirono
    Imperfect Information and Differences in Home Ownership Investment
  • Ke Li and Shuntian Yao
    A Mixed Nash-Walrasian Equilibrium Model with Endogenous Stealing and Endogenous Specialization
  • Mitsuru Mizuno
    The Impact of New Accounting Standards on Japanese Companies
  • Hirokazu Ishimatsu, Yoshio Sugasawa and Keizo Sakurai
    Understanding Innovation as a Complex Adaptive System: Case Studies from Shimadzu and NEC
  • Ke Li and Tongliang An
    Chinese Industrial Policy and the Reduction of State-Owned Shares in China's Listed Companies

Volume 9, No. 3, October 2004

SPECIAL ISSUE

THE CHINESE LABOR MARKET: NEW QUANTITATIVE STUDIES
Introduction by Guest Editors: Orley Ashenfelter and Junsen Zhang

  • James J. Heckman and Xuesong Li
    Selection Bias, Comparative Advantage and Heterogeneous Returns to Education: Evidence from China in 2000
  • Margaret Maurer-Fazio and Ngan Dinh
    Differential Rewards to, and Contributions of, Education in Urban China's Segmented Labor Markets
  • Haizheng Li and Yi Luo
    Reporting Errors, Ability Heterogeneity, and Returns to Schooling in China
  • Hongbin Li, Scott Rozelle and Linxiu Zhang
    Micro-Credit Programs and Off-Farm Migration in China
  • Minquan Liu, Luodan Xu and Liu Liu
    Wage-Related Labour Standards and FDI in China: Some Survey Findings from Guangdong Province
  • Paul T. Schultz
    Human Resources in China: The Birth Quota, Returns to Schooling, and Migration
  • Dennis Tao Yang and Dandan Chen
    Transformations in China's Population Policies and Demographic Structure

Volume 9, No. 2, June 2004

  • Bennett T. McCallum
    Monetary Policy in Economies with Little or No Money
  • Gerhard Glomm
    Inequality, Majority Voting and the Redistributive Effects of Public Education Funding
  • Tsung-Ping Chung
    The Returns to Education and Training: Evidence from the Malaysian Family Life Surveys
  • Wen Shwo Fang and Henry Thompson
    Exchange Rate Risk and Export Revenue in Taiwan
  • Simon C. Fan and Kui-Yin Cheung
    Trade and Wage Inequality: The Hong Kong Case
  • Donald Lien
    State-Dependent Preferences and Futures Hedging: The Effects of Basis Risk

Volume 9, No. 1, February 2004

  • Kenji Kondoh
    International Immigration and Economic Welfare in an Efficiency Wage Model: The Co-Existence Case of Both Legal and Illegal Foreign Workers
  • Marc-André Letendre
    Effect of Restricting Asset Trade in Dynamic Equilibrium Models
  • Zhiqi Chen and Ying Kong
    Price Dispersion in a Model of Identical Agents with Perfect Information
  • Nicolaas Groenewold and Sam Hak Kan Tang
    The Asian Financial Crisis and the Natural Rate of Unemployment: Estimates from a Structural VAR for the Newly Industrializing Economies of Asia
  • Stephen Ching, Clement Yuk-Pang Wong and Anming Zhang
    Non-Tariff Barriers to Trade in the Pacific Rim
  • James M. Holmes, David J. Smyth and Patricia A. Hutton
    Monetary Effects of a Consumption Tax

Volume 8, No. 3, October 2003

  • Hong Hwang, Yan-Shu Lin and Chao-Cheng Mai
    Alternative Optimal Trade Policies in the Presence of Foreign Input Monopoly
  • Yutaka Kurihara
    APEC: International Trade and Output
  • Guang-Zhen Sun and Monchi Lio
    The Division of Labor and Roundabout Production: Allyn Young Revisited
SPECIAL SECTION ON TOURISM AND INTERNATIONAL TRADE
  • Giovanni Ferro Luzzi and Yves Flückiger
    Introduction
  • Jean-Jacques Nowak, Mondher Sahli and Pasquale M. Sgro
    Tourism, Trade and Domestic Welfare
  • Marc Chesney and Bharat R. Hazari
    Illegal Migrants, Tourism and Welfare: A Trade Theoretic Approach
  • Bharat R. Hazari, J.J. Nowak, M. Sahli and D. Zdravevski
    Tourism and Regional Immiserization
  • Bharat R. Hazari and J.J. Nowak
    Tourism, Taxes and Immiserization: A Trade Theoretic Analysis
  • Giovanni Ferro Luzzi and Yves Flückiger
    An Econometric Estimation of the Demand for Tourism: The Case of Switzerland
  • BOOK REVIEWS
    by Charles Ka Yui Leung and Teresa Fung

Volume 8, No. 2, June 2003

SPECIAL SECTION ON CHINA AND THE WTO
  • Joseph Francois and Shunli Yao
    Introduction
  • Gregory C. Chow
    Impact of Joining the WTO on China’s Economic, Legal and Political Institutions
  • Eric W. Bond, Stephen Ching and Edwin Lai
    Game-Theoretic Analysis of China’s WTO Accession
  • Jie Li and Anming Zhang
    WTO Accession and China’s Domestic Regional Liberalization: A Theoretical Analysis
  • Jikun Huang and Scott Rozelle
    Trade Reform, the WTO and China’s Food Economy in the 21st Century
  • Kym Anderson and Shunli Yao
    China, GMOs and World Trade in Agricultural and Textile Products
  • Pak Hung Mo
    Land Distribution Inequality and Economic Growth: Transmission Channels and Effects
  • Charles Ka Yui Leung
    Economic Growth and Increasing House Prices

Volume 8, No. 1, January 2003

  • Sajal Lahiri and Yoshiyasu Ono
    Export-Oriented Foreign Direct Investment and Local Content Requirement
  • Yanrui Wu
    Has Productivity Contributed to China's Growth?
  • Francis K. Cheung, Shawn Ni and Alan Siu
    Consumption, Housing Rents and Housing Price: A Test of a Real Estate Pricing Model Using Hong Kong Data
  • Bharat R. Hazari and Ajar Kumar
    Basic Needs, Property Rights and Degradation of Commons
  • K.C. Fung
    How Labour Markets Affect Trade Policies and Trade: The Case of the Foreign Labour Union
  • Gu Wei and Shigemi Yabuuchi
    Land and Urban Unemployment
  • William Chan and Wing Suen
    The Long-Term Effectiveness of the Hong Kong Employees Retraining Programme

Volume 7, No. 3, October 2002

  • Robin Pope and Reinhard Selten
    Local Manufacturing Hurt by Depreciations in a Theoretical Model Reflecting the Australian Experience
  • Yin-Wong Cheung
    Hong Kong Output Dynamics: An Empirical Analysis
  • Ravi Batra
    Neutrality and Non-Neutrality of Money in a Classical-Type Model
  • Kul B. Luintel
    Exogeneity of Money and its Policy Implications for Price Control: Evidence from South Asia
  • Xinshen Diao, Wenli Li and Erinc Yeldan
    On the Differential Impact of the Asian Crisis on the World Economy: A General Equilibrium Perspective
  • Gerald E. Shively, Elmer Martinez and William A. Masters
    Testing the Link between Public Intervention and Food Price Variability: Evidence from Rice Markets in the Philippines
  • Chi-Chur Chao and Eden S.H. Yu
    Public Sector Pricing, Capital Mobility and National Income: A Two-Sector General-Equilibrium Analysis
  • Chih-Hsu Wang and Ching-Chong Lai
    Efficiency Wages and Nominal Income Targeting in an Open Economy

Volume 7, No. 2, June 2002

  • Martin J. Beckmann
    Speculation under the Random Walk Hypothesis
  • Kit-Chun Lam and Pak-Wai Liu
    Relative Returns to Skills and Assimilation of Immigrants in Hong Kong
  • Sucharita Ghosh and Donald Lien
    Fertility and Economic Growth: Do Immigrant Maids Play a Role?
  • Peter E. Robertson
    Why the Tigers Roared: Capital Accumulation and the East Asian Miracle
SPECIAL SECTION ON THE WTO AND WORLD TRADE
  • Kar-Yiu Wong
    Introduction
  • M. Ayhan Kose and Raymond Riezman
    Small Countries and Preferential Trade Agreements: How Severe is the Innocent Bystander Problem?
  • Carsten Kowalczyk
    Reforming Tariffs and Subsidies in International Trade
  • Keith E. Maskus and Yongmin Chen
    Parallel Imports in a Model of Vertical Distribution: Theory, Evidence and Policy
  • Earl L. Grinols and Roberto Perrelli
    Politics, the WTO and Trade Disputes: Evidence from US Cases
  • Anming Zhang and Hongmin Chen
    Horizontal Mergers in a Liberalizing World Economy
  • Kar-Yiu Wong
    Direct Investment Liberalization, Commodity Trade and Income Distribution: What Can the WTO Do?

Volume 7, No. 1, February 2002

SELECTED PAPERS FROM THE FIRST HKEA BIENNIAL CONFERENCE
  • Lok Sang Ho and Chi Wah Yuen
    Introduction
  • Robert Mundell
    Does Asia Need a Common Currency?
  • Joseph Stiglitz
    Financial Market Stability and Monetary Policy
  • Charles Adams
    Remarks on Stiglitz's Speech
  • Kenneth Chan
    Currency Substitution Between the Hong Kong Dollar and the Renminbi in South China
  • Yew Kwang Ng
    East-Asian Happiness Gap
  • Alessandro Cigno and Furio C. Rosati
    Child Labour, Education and Nutrition in Rural India
  • Lawrence Lai and Ben T. Yu
    The Hong Kong Fish Marketing Organization
  • David E.A. Giles and Betty J. Johnson
    Taxes, Risk Aversion, and the Size of the Underground Economy
  • Oded Stark
    On a Variation in the Economic Performance of Migrants by their Home Country's Wage
  • Donald Lien
    Rent Seeking and Allocative Efficiency
SYMPOSIUM ON LABOR MARKETS AND EARNINGS GAPS IN CHINA
  • Kenneth S. Chan
    Introduction
  • James Hughes and Margaret Maurer-Fazio
    Effects of Marriage, Education and Occupation on the Female/Male Wage Gap in China
  • Scott Rozelle, Xiao-Yuan Dong, Linxiu Zhang and Andrew Mason
    Gender Wage Gaps in Post-Reform Rural China
  • Yaohui Zhao
    Earnings Differentials Between State and Non-State Enterprises in Urban China
  • Calla Wiemer
    "One Household/Two Systems"

Volume 6, No. 3, October 2001

  • Win Lin Chou and Kar-Yiu Wong
    Economic Growth and International Trade
  • Paul Oslington
    Migration, Jobs and Welfare
  • Yun-Wing Sung, Junsen Zhang and Chi-Shing Chan
    Gender Wage Differentials
  • Kim-Lian Lim
    Implications of Singapore's CPF Scheme
  • Anthony Bende-Nabende, Jim Ford and Jim Slater
    FDI, Regional Economic Integration and Endogenous Growth
  • Ying Chu Ng
    Overeducation and Undereducation and Their Effect on Earnings
  • Peter C.Y. Chow, Francis C. Tuan and Zhi Wang
    The Impacts of WTO Membership

Volume 6, No. 2, June 2001

SPECIAL SECTION IN HONOR OF PROFESSOR AMARTYA SEN
  • Yew-Kwang Ng
    Fairness and Welfare: An Introduction
  • Amartya Sen
    Economic Development and Capability Expansion
  • John P. Formby, Hoseong Kim and Buhong Zheng
    Sen Measures of Poverty in the United States
  • Reiko Gotoh
    The Capability Theory and Welfare Reform
  • Christian List
    A "Zero-Line" of Welfare
  • Henri Patrice Nzitat
    From Equality to Inequality
  • Christian Seidl and Stefan Traub
    Taxpayers' Attitudes, Behavior and Perception of Fairness
  • Marcelo Bianconi and Theodore Palivos
    Optimal Fiscal Policy
  • Ira Horowitz
    Kyou-sou in the Nippon Baseball Leagues
  • Manfred J.M. Neumann
    Major Policy Implications

Volume 6, No. 1, February 2001

  • Satya P. Das
    Trade and Personal Distribution of Wealth
  • Koji Okuguchi
    International Competition in One Country
  • Chi Fai Leung and Wing Suen
    Hong Kong Business Cycles
  • Michael K.Y. Fung, Wai-Ming Ho and Lijing Zhu
    Macroeconomic Control in the Transforming Chinese Economy
  • Pierre L. Siklos and Patrick Ng
    Integration among Asia-Pacific and International Stock Markets
  • Edward H. Chow, Ping Hsiao and Yu-Jane Liu
    Trading Behavior and Asset Returns
  • Hirofumi Fukuyama and William L. Weber
    Non-life Insurance Companies in Japan
  • Jaleel Ahmad
    Causality Between Exports and Economic Growth

Volume 5, No. 3, October 2000

  • Martin J. Beckmann
    Allocation of Effort among Risky Research Projects
  • Siang Ng and Yew-Kwang Ng
    Enrichment of a Sector Benefits Others
  • Bharat R. Hazari and Yves Fluckiger
    Trade Model with Partial Factor Mobility
SPECIAL SECTION ON EXPERIMENTAL ECONOMICS
  • Stuart Mestelman
    Experimental Economics is Here to Stay
  • Steven R. Backerman, Stephen J. Rassenti and Vernon L. Smith
    Efficiency and Income Shares
  • Robert Godby
    Market Power and Emissions Trading
  • Eric O'N. Fisher and Frank S. Kelly
    Experimental Foreign Exchange Markets
  • Douglas D. Davis and Robert J. Reilly
    Observed Social Costs of Monopoly
  • Shinya Kinukawa, Tatsuyoshi Saijo and Masashi Une
    A Voluntary-Contribution-Mechanism Experiment
  • Steven Stewart, Michael McKee, Robert P. Berrens, Alok K. Bohara and David Brookshire
    Parallelism in the Lab and the Field

Volume 5, No. 2, June 2000

  • James E. Anderson
    Why Do Nations Trade (So Little)?
  • Klaus Conrad and Dieter Wastl
    The Catching-Up of Japanese with German Industries
  • Dianqing Xu and Gene H. Chang
    Impact of Tariff Reduction on Structural Employment in China
SPECIAL SECTION ON HONG KONG'S ECONOMY
  • Leonard K. Cheng and Lawrence J. Lau
    Introduction
  • Kai-Sun Kwong, Lawrence J. Lau and Tzong-Biau Lin
    Total Factor Productivity
  • Yun-Wing Sung and Kar-Yiu Wong
    Growth of Hong Kong
  • Zhi Wang and G. Edward Schuh
    Economic Integration
  • Mary Bumgarner and Penelope B. Prime
    Capital Mobility and Investor Confidence
  • Leonard K. Cheng and Changqi Wu
    Competition and Competition Policy

Volume 5, No. 1, February 2000

  • Murray C. Kemp
    Welfare Comparisons of Customs Unions
  • James C. Hartigan
    An Antidumping Law can be Procompetitive
  • Philip D. Adams, Mark Horridge, Brian R. Parmenter and Xiao-Guang Zhang
    Long-Run Effects on China of APEC Trade
  • Nancy Benjamin and Xinshen Diao
    Liberalizing Services Trade in APEC
  • Sugata Marjit, Tarun Kabiraj and Arijit Mukherjee
    Technology Transfer and Horizon Merger
  • Peter E. Kennedy
    On Measuring the Growth-Maximizing Tax Rate
  • Gerald W. Scully
    The Growth-Maximizing Tax Rate
PERSPECTIVES ON PUBLIC POLICY
  • Gregory C. Chow
    China's Economic Policy
  • Hai-Chin Yu
    The Liquid Asset - Policy Implication of Taiwan

Volume 4, No. 3, October 1999

SEPCIAL ISSUE: LINGNAN CONFERENCE ON FINANCIAL ECONOMICS SELECTED PAPERS
  • Gregory C. Chow and Larry Lang
    Preface
  • Shige Peng and Feng Yang
    Contingent Claims in Incomplete Markets
  • Situ Rong
    Optimization for a Financial Market with Jumps
  • Gregory C. Chow
    Duplicating Contingent Claims
  • Shige Peng
    A Linear Approximation Algorithm Using BSDE
  • Dahai Yu
    Pricing of New Assets
  • Ray Chou, Jin-Lung Lin and Chung-Shu Wu
    Taiwan Stock Market and International Linkages
  • Crocker H. Liu and Jianping (J.P.) Mei
    Real Estate Markets in the US and Japan
  • In-Mu Haw, Daqing Qi and Woody Wu
    Value Relevance of Earnings

Volume 4, No. 2, June 1999

  • Jeffrey B. Nugent, Isabelle M. Perrigne and Jicheng Qiu
    Competition, Incentives, and Productivity in Chinese Township and Village Enterprises
  • Lap-Kei Chow, Michael Ka-Yiu Fung and Lijing Zhu
    Distributional Effects of Tariff Reduction in the Transforming Chinese Economy
SPECIAL SECTION ON CURRENCY BOARDS AND EXCHANGE RATE ARRANGEMENTS: THEORIES AND ISSUES - PART II
  • Kenneth S. Chan and Francis T. Lui
    Foreword
  • Carlos E.J.M. Zarazaga
    Building a Case for Currency Boards
  • Tony S. Wirjanto
    Empirical Indicators of Currency Crises in East Asia
  • Ying Wu
    Macroeconomic Coordination of Exchange Rate and Wage Movements under Quasi-Sterilization: Singapore Experience
  • Tony Makin and Alex Robson
    Comparing Capital- and Trade-Weighted Measures of Australia's Effective Exchange Rate
PERSPECTIVES ON PUBLIC POLICY
  • Alex Chan and Nai-Fu Chen
    An Intertemporal Currency Board

Volume 4, No. 1, February 1999

  • Huan Nguyen-Dinh and David H. Feeny
    Are Parental Characteristics Important for Child Survival? The Case of Vietnam
  • Chao-Cheng Mai and Hong Hwang
    Technology Choice under Duopoly
  • Zhiqi Chen
    Adoption of New Technology by a Lagging Country: Leapfrogging or No Leapfrogging?
  • David J. Smyth
    The Effect of Hysteresis on Fluctuations in Unemployment and Inflation When Inflation Expectations are Adaptive
  • Shuanglin Lin
    Export Expansion and Economic Growth: Evidence from Chinese Provinces
  • Stephen Y. Chiu and Ryh-Song Yeh
    Adam Smith versus Sima Qian: Comment on the Tao of Markets
  • Ken McCormick
    Sima Qian and Adam Smith

Volume 3, No. 3, October 1998

  • Herschel I. Grossman
    Producers and Predators
  • Hamid Beladi, Bharat R. Hazari and Pasquale M. Sgro
    Equilibrium Unemployment Rate and Customs Union
SPECIAL SECTION ON CURRENCY BOARDS AND EXCHANGE RATE ARRANGEMENTS: THEORIES AND ISSUES - PART I
  • Kenneth S. Chan and Francis T. Lui
    Foreword
  • N.M. Hung and N.V. Quyen
    Collapsing Exchange Rate Regime under Optimal Monetary Control
  • Y.C. Jao
    The Working of the Currency Board: The Experience of Hong Kong 1935-1997
  • Kenneth S. Chan and Kee-Jin Ngiam
    Currency Crises and the Modified Currency Board System in Singapore
PERSPECTIVES ON PUBLIC POLICY
  • Shu-Ki Tsang
    The Case for Adopting the Convertible Reserves System in Hong Kong

Volume 3, No. 2, June 1998

  • Kaz Miyagiwa and Yuka Ohno
    Planting Disinformation Through Voluntary Export Restraints
  • Ngo Van Long and Antoine Soubeyran
    R&D Spillovers and Location Choice under Cournot Rivalry
  • Ravi Batra and Hamid Beladi
    Manufacturing and the Trade Balance
  • Ulrich Kohli and Augustin Werner
    Accounting for South Korean GDP Growth: Index-Number and Econometric Estimates
  • Somdeb Lahiri
    The Supporting Line Property and the Additive Choice Function for Two-Dimensional Choice Problems

    PERSPECTIVES ON PUBLIC POLICY
  • Lok Sang Ho
    Country-of-Origin Rules: Its Origin, Nature, and Directions for Reform

Volume 3, No. 1, February 1998

SPECIAL ISSUE : PACIFIC RIM ECONOMIC CONFERENCE SELECTED PAPERS
  • Chyau Tuan and Linda F.Y. Ng
    Preface
  • Farhad Rassekh and Henry Thompson
    Micro Convergence and Macro Convergence: Factor Price Equalization and Per Capita Income
  • Patrick Conway and Daxin Wang
    Managing Foreign Direct Investment: Commitment, Deterrence, and Diversion
  • K.C. Fung and Lawrence J. Lau
    The China-United States Bilateral Trade Balance: How Big is it Really?
  • Tain-Jy Chen and Meng-Chun Liu
    Production Networks and Patterns of Trade: Evidence from Taiwan
  • Jen-Chi Cheng and Cliff J. Huang
    A Monetary Target Model: The Case of Taiwan

Volume 2, No. 3, October 1997

  • Gregory C. Chow and Yum K. Kwan
    Rational Expectations is not Generally Valid for Econometric Models
  • John F. Helliwell
    National Borders, Trade and Migration
  • Hamid Beladi, Ronald W. Jones and Sugata Marjit
    Technology for Sale
  • Michihiro Ohyama
    Monopolistic Competition, Increasing Returns and International Coordination of Entry Policy
  • Kaz Miyagiwa and Leslie Young
    Licensing of New Technology Versus Direct Foreign Investment: A General Equilibrium Analysis

Volume 2, No. 2, June 1997

  • Ravi Batra
    Wage Stagnation in Japan
  • Emily N. Johnson and Gregory C. Chow
    Rates of Return to Schooling in China
  • Chao-Cheng Mai and Hong Hwang
    External Economies of Scale and Optimal Plant Location
  • Hugo Mena
    On the Contemporary Commodity Structure of World Trade Patterns: An Empirical Assessment
  • Shigemi Yabuuchi
    Direct Investment, Monopoly and Welfare

Volume 2, No. 1, February 1997

  • Dani Rodrik
    Trade Strategy, Investment and Exports: Another Look at East Asia
  • J.C.K. Ash, David J. Smyth and S.M. Heravi
    The Accuracy of OECD Forecasts for Japan
  • John M. Hartwick and David W.K. Yeung
    The Tragedy of the Commons Revisited
  • Chi-Chur Chao and Saowanee Pakotiprapha
    Intra-Competition Between the Asian Four Little Dragons in US Markets
  • Harutaka Takahashi
    Capital Movements, Intersectoral Resource Shifts, and the Trade Balance with Recursive Preferences

Volume 1, No. 3, December 1996

  • R.G. Chambers, Rolf Färe and S. Grosskopf
    Productivity Growth in APEC Countries
  • Peter Kuhn
    In Search of the Best Bundle: Hill-Climbing Consumers and Microdynamics of Consumer Choice
  • Xiaokai Yang
    A New Theory of Demand and Supply and Emergence of International Trade from Domestic Trade
  • Bharat R. Hazari and Pasquale M. Sgro
    International Trade and Regional Development
  • Gregory C. Chow
    Comment on "The Irreducible Role of Derived Marginal Utility in Dynamic Stochastic Programming"

Volume 1, No. 2, September 1996

  • Yew-Kwang Ng
    The Enrichment of a Sector (Individual, Region or Country) Benefits Others: The Third Welfare Theorem?
  • Theodore C. Bergstrom
    Nonsubstitution Theorems for a Small Trading Country
  • Leslie Young
    The Tao of Markets: Sima Qian and the Invisible Hand
  • Jun Li and Wolfgang Mayer
    Age as a Determinant of Labor's Trade Policy Interests
  • Gerald W. Scully
    Taxation and Economic Growth in New Zealand

Volume 1, No. 1, June 1996

  • Editorial Note
  • Paul A. Samuelson
    The Irreducible Role of Derived Marginal Utility in Dynamic Stochastic Programming
  • Gregory C. Chow and Yum K. Kwan
    Economic Effects of Political Movements in China: Lower Bound Estimates
  • Alan S. Blinder and Alan B. Krueger
    Labor Turnover in the USA and Japan: A Tale of Two Countries
  • Xiao-Yuan Dong and Louis Putterman
    China's Rural Industry and Monopsony: An Exploration
  • Chi-Keung Woo, Peter Chow and Ira Horowitz
    Optional Real-Time Pricing of Electricity for Industrial Firms