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There are 58 papers published in subject: since this site started.

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	1. International Structural Growth Model and Its Equilibrium
	LI Wu
	Economics 30 August 2007
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	Abstract:In this paper an international structural growth model is presented to sever as a dynamic analytical tool for international economics. The model is constructed on the basis of behaviors of heterogeneous agents, i.e. households and firms, and comprises the technology adjustment process, exchange process, production process and price adjustment process etc. The model also allows decomposability of commodities. After the establishment of the model, equilibrium is defined and discussed. An equilibrium is defined as a path in which the price vector and technologies are time-invariant. The sufficient and necessary condition for the existence of equilibrium is deduced, that is, there exist equilibria if and only if the excrescent sector subset is empty and the feasible price vector set is nonempty.
	TO cite this article:LI Wu. International Structural Growth Model and Its Equilibrium[OL].[30 August 2007] http://en.paper.edu.cn/en_releasepaper/content/14770


	2. Empirical distributions of Chinese stock returns at different microscopic timescales
	Gao-Feng Gu,Wei Chen,Wei-Xing Zhou
	Economics 28 August 2007
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	Abstract:We study the distributions of event-time returns and clock-time returns at different microscopic timescales using ultra-high-frequency data extracted from the limit-order books of 23 stocks traded in the Chinese stock market in 2003. We find that the returns at the one-trade timescale obey the inverse cubic law. For larger timescales (2-32 trades and 1-5 minutes), the returns follow the Student distribution with power-law tails. With the decrease of timescale, the tail becomes fatter, which is consistent with the vibrational theory.
	TO cite this article:Gao-Feng Gu,Wei Chen,Wei-Xing Zhou. Empirical distributions of Chinese stock returns at different microscopic timescales[OL].[28 August 2007] http://en.paper.edu.cn/en_releasepaper/content/14737

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	3. Nonlinear behavior of the Chinese SSEC index with a unit root: Evidence from threshold unit root tests
	Xi-Yuan Qian,Fu-Tie Song,Wei-Xing Zhou
	Economics 20 July 2007
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	Abstract:We investigate the behavior of the Shanghai Stock Exchange Composite (SSEC) index for the period from 1990:12 to 2007:06 using an unconstrained two-regime threshold autoregressive (TAR) model with an unit root developed by Caner and Hansen. The method allows us to simultaneously consider non-stationarity and nonlinearity in financial time series. Our finding indicates that the Shanghai stock market exhibits nonlinear behavior with two regimes and has unit roots in both regimes. The important implications of the threshold effect in stock markets are also discussed.
	TO cite this article:Xi-Yuan Qian,Fu-Tie Song,Wei-Xing Zhou. Nonlinear behavior of the Chinese SSEC index with a unit root: Evidence from threshold unit root tests[OL].[20 July 2007] http://en.paper.edu.cn/en_releasepaper/content/14166


	4. Evaluation on Overall Relative Efficiency of China’s Traffic and Transportation System Based on Data Envelopment Analysis
	Yu Weifeng,Chen Senfa,Yang Yu
	Economics 26 April 2007
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	Abstract:This paper evaluates the relative efficiency of decade’s development of traffic and transportation system in China and present regional development based on data envelopment analysis. The result concludes that the input and output efficiency of China has not promoted significantly, and the unbalance development between regions exists. Some regions have a relatively low efficiency and little correlation with their developing levels, so great attention should be paid to promote the efficiency of regional traffic and transportation productivity.
	TO cite this article:Yu Weifeng,Chen Senfa,Yang Yu. Evaluation on Overall Relative Efficiency of China’s Traffic and Transportation System Based on Data Envelopment Analysis[OL].[26 April 2007] http://en.paper.edu.cn/en_releasepaper/content/12477


	5. Impact of Privatization on Public Enterprises Case of Tanzania
	Paschal,Ge Jiuyan
	Economics 11 January 2007
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	Abstract:It’s more than a decade now since Tanzania embarked upon comprehensive programme of restructuring public enterprises through privatization. During this period privatization has shown both success and failure to the economy. The success seems to outweigh the failure. Success can be measured by number of enterprises that have already been divested, performance of the firms, particularly those involved in the supply of public utilities which for the time being remain in the public sector domain, and the degree of competition enhanced by privatization in general. Failure seems to hinge primarily on the retrenches. This factor calls for further research to quantify the exact amount of loss job opportunities, since there are cases where divesture led to an increase in job opportunities. Indeed there are also cases where some of the retrenched were redeployed.
	TO cite this article:Paschal,Ge Jiuyan. Impact of Privatization on Public Enterprises Case of Tanzania[OL].[11 January 2007] http://en.paper.edu.cn/en_releasepaper/content/10677


	6. Review on Studies of BSC
	Yang Liang,Yan Wang
	Economics 18 December 2006
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	Abstract:Because of the weakness of the traditional performance measurements, the Balanced Scorecard (BSC) has become one of the most known and most studied models. This thesis introduced the studies on BSC from foreign scholars, about its signification, criticisms and so on.
	TO cite this article:Yang Liang,Yan Wang. Review on Studies of BSC[OL].[18 December 2006] http://en.paper.edu.cn/en_releasepaper/content/10360


	7. Consumer Attitudes toward Genetically Modified Foods: A U.S.-China Risk-Benefit Perception Comparison
	Chen Xi,Robert B. Harris
	Economics 12 June 2006
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	Abstract:Consumer response toward Genetically Modified (GM) foods have been largely negative across the developed world, but studies conducted in the United States show different results. Like other developing countries, studies conducted in China also obtain opposite results from the majority of developed countries. This paper compares consumer attitudes toward GM foods in both countries. We conclude that the positive perception towards GM foods in China stems from more urgent needs for the improvement of food availability and nutrition. Additionally, perceived risk may be smaller due to trust in government, relatively positive attitudes toward health and environment and positive perceptions of science. This is contrary to the smaller perceived risks and benefits found in the US.
	TO cite this article:Chen Xi,Robert B. Harris. Consumer Attitudes toward Genetically Modified Foods: A U.S.-China Risk-Benefit Perception Comparison[OL].[12 June 2006] http://en.paper.edu.cn/en_releasepaper/content/7080


	8. Continuous-Time Evolutionary Finance with Fix-Mix Strategies
	Zhaojun Yang,Christian-Oliver Ewald,Klaus Reiner Schenk-Hoppé
	Economics 30 November 2005
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	Abstract:This paper develops a continuous-time evolutionary model of financial markets with endogenous prices. Investment strategies are fix-mix. Our main goal is to understand the wealth dynamics. In particular we seek to identify evolutionary stable investment strategies, i.e. those strategies that prevent entrants to the fnancial market from gaining wealth in the long run.
	TO cite this article:Zhaojun Yang,Christian-Oliver Ewald,Klaus Reiner Schenk-Hoppé. Continuous-Time Evolutionary Finance with Fix-Mix Strategies[OL].[30 November 2005] http://en.paper.edu.cn/en_releasepaper/content/3938

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