Details about Heng-Fu Zou (邹恒甫） (heng-fu zou)

E-mail:
Phone:	86-10-6228-8991
Postal address:	China Economics and Management Academy (CEMA), Central University of Finance and Economics, Beijing, China 100081
Workplace:	China Economics and Management Academy, Central University of Finance and Economics (CUFE), (more information at EDIRC)

Access statistics for papers by Heng-Fu Zou (邹恒甫）.

Last updated 2013-05-11. Update your information in the RePEc Author Service.

Short-id: pzo17

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Working Papers

2013

1. The Effects of Patent Protection: A Growth Model with Status Preference
   CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
2. Why the Kuznets Curve on Income Distribution Dose Not Hold in China
   CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics

2012

3. A Naive Model on the Rise and Decline of Nations and Powers
   CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
4. A Stationary Markov Equilibrium in an OLG Model
   CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
5. A Treaties on Public Finance in China
   CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
6. Capital Accumulation And Present-biased Preference
   CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
7. China's lagging region development and targeted transportation infrastructure investments
   CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
   See also Journal Article in Annals of Economics and Finance (2014)
8. China: Preferential Tax Policy
   CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
9. Competitive Equilibrium in an Overlapping Generations Model with Production Loans
   CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
10. Decentralization in China
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (14)
11. Designing Intergovernmental Transfers in Russia: A Simulation Study
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
12. Economic Globalization, Mercantilism and Economic Growth
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
13. Economic Openness and Educational Expansion
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
14. Economic Theory and Empirics: Selected Economic Papers (Vol. 3)
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
15. Financial Deregulation, Absorptive Capability, Technology Diffusion and Growth: Evidence from Chinese Panel Data
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
16. Foreigh Asset Accumulation and Macroeconomic Policies
    MPRA Paper, University Library of Munich, Germany
17. International Macroeconomic Policy: When Wealth Affects People's Impatience
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
18. Migration, Urbanization and City Growth in China
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
19. On the concavity of the consumption function with the time varying discount rate
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
    See also Journal Article in Economics Letters (2012)
20. On the efficiency of monetary and fiscal policy in open economies
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
    See also Journal Article in Annals of Economics and Finance (2013)
21. Optimal design of intergovernmental grants in a dynamic model
    MPRA Paper, University Library of Munich, Germany
22. Patent Protection, Technological Change and Wage Inequality: Theory
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
23. Regional Differences in China's Urbanization and its Determinants
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
24. Regional Disparity in Health and Health Care in China
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
25. Risk-taking, fiscal policies, asset pricing, and stochastic growth with the spirit of capitalism
    MPRA Paper, University Library of Munich, Germany
26. The Impact of Intergovernmental Grants on Regional Government Finance and Regional Economic Development: The Case of the Russia Federation
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
27. The Z-Transform Method for Multidimensional Dynamic Economic Systems
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
28. When Wealth Affects People's Impatience
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics

2011

29. Asset Prices and Hyperbolic Discounting
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
    See also Journal Article in Annals of Economics and Finance (2007)
30. Asset pricing and the Modigliani-Miller theorem with the spirit of capitalism
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
31. Canada's and Russia's Experiences with Land Taxation Reform: Lessons for China
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
32. Effects of Growth and Volatility in Public Expenditures on Economic Growth: Theory and Evidence
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
    See also Journal Article in Annals of Economics and Finance (2002)
33. Essays on a positive theory of economic growth
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
34. Finance and Income Inequality: What Do the Data Tell Us?
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (3)
    See also Journal Article in Southern Economic Journal (2006)
35. Fiscal Decentralization and Peasants' Financial Burden in China
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (2)
    See also Journal Article in Annals of Economics and Finance (2012)
36. Fiscal Federalism, Public Capital Formation, and Endogenous Growth
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
    See also Journal Article in Annals of Economics and Finance (2003)
37. Foreign Asset Accumulation and Macroeconomic Policies in a Model of Mercantilism
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
38. Foreign Asset Accumulation, Macroeconomic Policies and Mercantilism
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
39. Health Care System Reform in China: Issues, Challenges and Options
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
40. Health, Taxes, and Growth
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
    See also Journal Article in Annals of Economics and Finance (2010)
41. Inflation Aversion
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (2)
    See also Journal Article in Annals of Economics and Finance (2011)
42. Inflation Aversion and the Optimal Inflation Tax
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (2)
    See also Journal Article in Annals of Economics and Finance (2011)
43. Land Taxation in China: Assessment of Prospects for Politically and Economically Sustainable Reform
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
44. Local Government Tax Effort in China: an Analysis of Provincial Tax Performance
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
    See also Journal Article in Region et Developpement (2009)
45. Mercantilism, Foreign Asset Accumulation and Macroeconomic Policy
    MPRA Paper, University Library of Munich, Germany
46. Poverty and Inequality in Sub-Saharan Africa: Literature Survey and Empirical Assessment
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
    See also Journal Article in Annals of Economics and Finance (2007)
47. Public Expenditures, Taxes, Federal Transfers, and Endogenous Growth
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
    See also Journal Article in Journal of Public Economic Theory (2011)
48. Regional Inequality in Contemporary China
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
    See also Journal Article in Annals of Economics and Finance (2012)
49. Savings and Income Distribution
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
    See also Journal Article in Annals of Economics and Finance (2004)
50. Short-Run Analysis of Income Fluctuation and Optimum Foreign Borrowing in the Bardhan-Pitchford Model
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
51. The Fogel Approach to Health and Growth
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
52. The Spirit of Capitalism and Excess Smoothness
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
    See also Journal Article in Annals of Economics and Finance (2009)
53. The Spirit of Capitalism, Savings, Asset Pricing and Growth
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
54. Water Service Delivery Reform in China: Safeguarding the Interests of the Poor
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
    See also Journal Article in Annals of Economics and Finance (2012)

2010

55. A New Approach to Inflation Aversion
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
56. A Note on Entrepreneurial Risk, Capital Market Imperfections, and Heterogeneity
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
    See also Journal Article in Macroeconomic Dynamics (2010)
57. Directed Technological Change: A Knowledge-Based Model
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
58. Multiple Equilibria and Indeterminacy in an Optimal Growth Model with Endogenous Capital Depreciation
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
59. Patent Protection, Technological Change and Wage Inequality
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
60. Rare-Disasters, the Spitit of Capitalism, Oversaving, and Asset Pricing
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
61. Stochastic Growth with the Social-Status Concern: The Existence of a Unique Stable Distribution
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (3)

2009

62. Optimal Military Spending, Trade and Stochastic Economic Growth
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
63. Social Status, the Spirit of Capitalism, and the Term Structure of Interest Rates
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
64. Social Status, the Spirit of Capitalism, and the Term Structure of Interest Rates in Stochastic Production Economies
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics

2008

65. Expenditure Assignments in China: Challenges and Policy Options, Public Finance
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (3)
66. Fiscal Decentralization and Public Services Provision in China
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
67. Foreign Aid, Public Spending, Optimal Fiscal and Monetary Policies, and Long-Run Growth
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
68. Intertemporal Portfolio Choice under Multiple Types of Event Risks
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
69. Stock Return Dynamics under Earnings Management
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
70. Transfers-based Decentralization, Local Endowment and Public Employment: A theoretical inquiry and empirical evidence from China
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics

2007

71. "Race to the Bottom" Competition by Negotiated Land Leasing: an institutional analysis and empirical evidence from Chinese cities
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
72. China Decentralization Finance Issues
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
    See also Journal Article in Annals of Economics and Finance (2014)
73. Consumption and Risk with hyperbolic discounting
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (4)
    See also Journal Article in Economics Letters (2007)
74. Returns to education, productivity, and economic growth in China
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
75. Technical Choice in Political Perspective: Rethinking How Elites Selected Economic Strategy After WW II
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics

2006

76. A Dynamic Model with Endogenous Retirement: Existence of Multiple Steady States
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
77. China: Regional Disparities In Poverty Distribution
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
    See also Journal Article in Division of Labor & Transaction Costs (DLTC) (2008)
78. Education in the Rural Sector of China
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
79. Fiscal Decentralization in China: History, Impact, Challenges and Next Steps
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (2)
    See also Journal Article in Annals of Economics and Finance (2012)
80. Health Services in Rural China
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
81. Local Public Finance in China: Challenges and Policy Options
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
82. Local Public Finance in China: Expenditure Responsibilities of Local Governments
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
83. Local Public Finance in China: Intergovernmental transfers
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
84. Local Public Finance in China: Policy Options
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
85. Local Public Finance in China: Revenues of Local Governments
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
86. Local Public Finance in China: The performance of China's decentralization system
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
87. Reform of Social Security System in China
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
88. Services for Urban Floating Population in China
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
89. Social Safety Nets in China
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
90. Studies on Macroeconomics
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
91. THE EFFECTS OF FOREIGN AID ON THE CREATION AND DISTRIBUTION OF WEALTH Wenli Cheng, Dingsheng Zhang and Heng-Fu Zou*
    Monash Economics Working Papers, Monash University, Department of Economics
92. The Spirit of Capitalism, Precautionary Savings, and Consumption
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
    See also Journal Article in Journal of Money, Credit and Banking (2009)
93. Urban Health Service in China
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics

2005

94. Education, Worker Productivity, and Income Distribution in China
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
95. Effects of smoking and smoking cessation on productivity in China
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
96. Fiscal decentralization, revenue and expenditure assignments, and growth in China
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (14)
    Also in CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics (2004)
    See also Journal Article in Journal of Asian Economics (2005)
97. Product Innovation, Capital Accumulation, and Endogenous Growth
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
98. Regional Disparities of Educational Attainment in China
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
99. Rural-Urban Education and Health Disparities in China: A Structural Approach
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics

2004

100. Decentralising the public sector: The Impact of Decentralisation on Service Delivery, Corruption, Fiscal Management and Growth in Developing and Emerging Market Economies: A Synthesis of Empirical Evidence
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (2)
     See also Journal Article in CESifo DICE Report (2004)

2003

101. A Fiscal Federalism Approach to Optimal Taxation and Intergovernmental Transfers in a Dynamic Model
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
102. Finance and Income Inequality: Test of Alternative Theories
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (32)
     Also in Policy Research Working Paper Series, The World Bank (2003) View citations (33)
     See also Journal Article in Annals of Economics and Finance (2013)
103. Soft Budget Constraints on Local Government in China
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (9)

2002

104. Dynamics of Income Distribution
     GE, Growth, Math methods, EconWPA View citations (1)
     Also in CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics (1999)
     See also Journal Article in Canadian Journal of Economics (2000)
105. Inflation, Growth, and Income Distribution: A Cross-Country Study
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
     See also Journal Article in Annals of Economics and Finance (2002)
106. Should Public Capital Be Subsidized or Provided?
     Macroeconomics, EconWPA View citations (2)
     Also in CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics (1999) View citations (1)
     See also Journal Article in Journal of Monetary Economics (1998)

2001

107. Direct preferences for wealth, the risk premium puzzle, growth, and policy effectiveness
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (6)
     See also Journal Article in Journal of Economic Dynamics and Control (2002)
108. Fiscal Federalism in a Dynamic Model
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
109. Fiscal decentralization, public spending, and economic growth in China
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (38)
     Also in Policy Research Working Paper Series, The World Bank (1996) View citations (41)
     See also Journal Article in Journal of Public Economics (1998)
110. Foreign Aid Reduces Labor Supply and Capital Accumulation
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (7)
     See also Journal Article in Review of Development Economics (2001)
111. Military spending and stochastic growth
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
     See also Journal Article in Journal of Economic Dynamics and Control (2003)
112. Money, social status, and capital accumulation in a cash-in-advance model
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (25)
     See also Journal Article in Journal of Money, Credit and Banking (2001)
113. Optimal taxation and intergovernmental transfer in a dynamic model with multiple levels of government
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
     See also Journal Article in Journal of Economic Dynamics and Control (2002)

2000

114. A Review on "The Unintended Consequences"
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
115. Corruption, Income Distribution, and Growth
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (30)
     See also Journal Article in Economics and Politics (2000)
116. Explaining the Changes of Income Distribution in China
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (9)
     See also Journal Article in China Economic Review (2000)
117. Foreign Aid Reduces Domestic Capital Accumulation and Increases Foreign Borrowing: A Theoretical Analysis
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (6)
     See also Journal Article in Annals of Economics and Finance (2000)
118. How does fiscal decentralization affect aggregate, national, and subnational government size?
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
     See also Journal Article in Journal of Urban Economics (2002)
119. Power Dynamics: Multiple Equilibria, Cyclical Fluctuations, and Local Stability in Intertemporal General Equilibrium Models
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
120. Public Finance, Growth, and Dynamic Economic Analysis
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
121. The Macroeconomic Impact of Decentralized Spending and Deficits: International Evidence
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (9)
     See also Journal Article in Annals of Economics and Finance (2000)
122. The growth impact of intersectoral and intergovernmental allocation of public expenditure: With applications to China and India
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (6)
     See also Journal Article in China Economic Review (2001)

1999

123. A Data Set on Income Distribution
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
124. Fiscal Decentralization and Economic Growth in the United States
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (52)
     See also Journal Article in Journal of Urban Economics (1999)

1998

125. Decentralized Spending and Central Government Deficits: International Evidence
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (3)
126. Explaining International and Intertemporal Variations in Income Inequality
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (215)
     See also Journal Article in Economic Journal (1998)
127. Fiscal Policies in a Finite Horizon Model with the Spirit of Capitalism
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
128. Fiscal Policies in a Stochastic Model with Hyperbolic Discounting
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (2)
129. Income Inequality Is Not Harmful for Growth: Theory and Evidence
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (86)
     See also Journal Article in Review of Development Economics (1998)
130. The spirit of capitalism, social status, money, and accumulation
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (14)
     See also Journal Article in Journal of Economics (1998)

1997

131. Dynamic analysis in the Viner model of mercantilism
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (8)
     See also Journal Article in Journal of International Money and Finance (1997)
132. Fiscal Decentralization, the Composition of Public Spending, and Regional Growth in India
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (8)

1996

133. Exports, Foreign Technology Imports, and Long-run Growth
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (2)
134. Fiscal Decentralization and Economic Growth: A Cross-Country Study
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (2)
     See also Journal Article in Journal of Urban Economics (1998)
135. The composition of public expenditure and economic growth
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (179)
     See also Journal Article in Journal of Monetary Economics (1996)

1995

136. 'The spirit of capitalism' and long-run growth
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (2)
     Also in Policy Research Working Paper Series, The World Bank (1991) View citations (4)
     See also Journal Article in European Journal of Political Economy (1994)
137. A dynamic model of capital and arms accumulation
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (8)
     See also Journal Article in Journal of Economic Dynamics and Control (1995)
138. A note on the Bauer-Kornai investment cycle theory
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
     See also Journal Article in China Economic Review (1993)
139. A preliminary analysis of intergovernment transfers in Romania
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
140. Dollarization and inflation in a two-country optimization model
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
     See also Journal Article in Journal of International Money and Finance (1993)
141. Dynamic Effects of Federal Grants on Local Spending
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
     See also Journal Article in Journal of Urban Economics (1994)
142. Foreign technology imports and economic growth in developing countries
     Policy Research Working Paper Series, The World Bank
143. On the dynamics of privatization
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
     See also Journal Article in China Economic Review (1994)
144. Short-run analysis of fiscal policy and the current account in a finite horizon model
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
     See also Journal Article in Journal of Macroeconomics (1994)
145. The spirit of capitalism and savings behavior
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (31)
     See also Journal Article in Journal of Economic Behavior & Organization (1995)

1994

146. Intergovernmental fiscal relations in Indonesia: issues and reform options
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (8)
147. Taxes, Federal Grants, Local Public Spending, and Growth
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
     See also Journal Article in Journal of Urban Economics (1996)

1993

148. "The Spirit of Capitalism" and Monetary Growth
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
149. Charity, The Spirit of Capitalism and Wealth Accumulation
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
     See also Journal Article in Annals of Economics and Finance (2001)
150. China: reforming intergovernmental fiscal relations
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
151. Optimal Foreign Asset Accumulation and Wealth Effects
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
152. Optimal Taxation of Foreign Capital Income in a Growing Economy with Different Gevernments
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
153. Optimal design of federal grants to localities
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
154. Taxes, Goverment Spending and Growth
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
155. The Capitalist Spirit and a Resolution of the Savings Puzzle
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
156. The Capitalist-Spirit Approach to Growth: A Perspective from the History of Economic Analysis
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (2)
157. What do governments buy?
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (13)
158. What do governments buy? The composition of public spending and economic performance
     Policy Research Working Paper Series, The World Bank View citations (4)

1992

159. Local Government Finance in South Africa
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)

1991

160. Socialist economic growth and political investment cycles
     Policy Research Working Paper Series, The World Bank View citations (6)
     See also Journal Article in European Journal of Political Economy (1991)

Journal Articles

2014

1. An Essay on Public Finance in China
   Annals of Economics and Finance, 2014, 15, (1), 413-519
2. China Decentralization Finance Issues
   Annals of Economics and Finance, 2014, 15, (1), 137-156
   See also Working Paper (2007)
3. China's Lagging Region Development And Targeted Transportation Infrastructure Investments
   Annals of Economics and Finance, 2014, 15, (1), 157-200
   See also Working Paper (2012)

2013

4. Finance and Income Inequality: Test of Alternative Theories
   Annals of Economics and Finance, 2013, 14, (2), 491-516
   See also Working Paper (2003)
5. On the efficiency of monetary and fiscal policy in open economies
   Annals of Economics and Finance, 2013, 14, (1), 191-217
   See also Working Paper (2012)

2012

6. Evaluation of Land Taxation in China
   Annals of Economics and Finance, 2012, 13, (2), 489-528
7. Fiscal Decentralization and Peasants' Financial Burden in China
   Annals of Economics and Finance, 2012, 13, (1), 53-90 View citations (2)
   See also Working Paper (2011)
8. Fiscal Decentralization in China: History, Impact, Challenges and Next Steps
   Annals of Economics and Finance, 2012, 13, (1), 1-51
   See also Working Paper (2006)
9. On the concavity of the consumption function with the time varying discount rate
   Economics Letters, 2012, 117, (1), 99-101
   See also Working Paper (2012)
10. Regional Inequality in Contemporary China
    Annals of Economics and Finance, 2012, 13, (1), 113-137
    See also Working Paper (2011)
11. Water Service Delivery Reform in China: Safeguarding the Interests of the Poor
    Annals of Economics and Finance, 2012, 13, (2), 463-487
    See also Working Paper (2011)

2011

12. Inflation Aversion
    Annals of Economics and Finance, 2011, 12, (1), 1-11 View citations (2)
    See also Working Paper (2011)
13. Inflation Aversion and the Optimal Inflation Tax
    Annals of Economics and Finance, 2011, 12, (1), 13-30 View citations (1)
    See also Working Paper (2011)
14. Inflation aversion and macroeconomic policy in a perfect foresight monetary model
    Economic Modelling, 2011, 28, (4), 1802-1807 View citations (3)
15. Public Expenditures, Taxes, Federal Transfers, and Endogenous Growth
    Journal of Public Economic Theory, 2011, 13, (6), 973-991 View citations (3)
    See also Working Paper (2011)

2010

16. A NOTE ON ENTREPRENEURIAL RISK, CAPITAL MARKET IMPERFECTIONS, AND HETEROGENEITY
    Macroeconomic Dynamics, 2010, 14, (02), 269-284
    See also Working Paper (2010)
17. Health, Taxes, and Growth
    Annals of Economics and Finance, 2010, 11, (1), 73-94 View citations (1)
    See also Working Paper (2011)
18. Stochastic growth with social-status concern: The existence of a unique stable distribution
    Journal of Mathematical Economics, 2010, 46, (4), 505-518 View citations (2)

2009

19. LOCAL GOVERNMENT TAX EFFORT IN CHINA: AN ANALYSIS OF PROVINCIAL TAX PERFORMANCE
    Region et Developpement, 2009, 29, 203-236 View citations (2)
    See also Working Paper (2011)
20. The Spirit of Capitalism and Excess Smoothness
    Annals of Economics and Finance, 2009, 10, (2), 281-301 View citations (2)
    See also Working Paper (2011)
21. The Spirit of Capitalism, Precautionary Savings, and Consumption
    Journal of Money, Credit and Banking, 2009, 41, (2-3), 543-554 View citations (4)
    See also Working Paper (2006)

2008

22. CHINA: REGIONAL DISPARITIES IN POVERTY DISTRIBUTION
    Division of Labor & Transaction Costs (DLTC), 2008, 03, (01), 17-56 View citations (1)
    See also Working Paper (2006)
23. Marshallian time preferences and monetary non-neutrality
    Economic Modelling, 2008, 25, (6), 1196-1205
24. The Effects of Foreign Aid on the Creation and Distribution of Wealth
    Annals of Economics and Finance, 2008, 9, (2), 223-237 View citations (1)

2007

25. Asset Prices and Hyperbolic Discounting
    Annals of Economics and Finance, 2007, 8, (2), 397-414 View citations (1)
    See also Working Paper (2011)
26. Consumption and Risk with hyperbolic discounting
    Economics Letters, 2007, 96, (2), 153-160 View citations (4)
    See also Working Paper (2007)
27. Poverty and Inequality in Sub-Saharan Africa: Literature Survey and Empirical Assessment
    Annals of Economics and Finance, 2007, 8, (2), 251-304
    See also Working Paper (2011)

2006

28. Finance and Income Inequality: What Do the Data Tell Us?
    Southern Economic Journal, 2006, 72, (3), 578-596 View citations (27)
    See also Working Paper (2011)

2005

29. Fiscal decentralization, revenue and expenditure assignments, and growth in China
    Journal of Asian Economics, 2005, 16, (6), 1047-1064 View citations (14)
    See also Working Paper (2005)

2004

30. Decentralising the public sector: The Impact of Decentralisation on Service Delivery, Corruption, Fiscal Management and Growth in Developing and Emerging Market Economies: A Synthesis of Empirical Evidence
    CESifo DICE Report, 2004, 2, (1), 10-14 View citations (2)
    See also Working Paper (2004)
31. Savings and Income Distribution
    Annals of Economics and Finance, 2004, 5, (2), 245-270 View citations (5)
    See also Working Paper (2011)

2003

32. Fiscal Federalism, Public Capital Formation, and Endogenous Growth
    Annals of Economics and Finance, 2003, 4, (2), 471-490 View citations (7)
    See also Working Paper (2011)
33. Military spending and stochastic growth
    Journal of Economic Dynamics and Control, 2003, 28, (1), 153-170 View citations (5)
    See also Working Paper (2001)

2002

34. Direct preferences for wealth, the risk premium puzzle, growth, and policy effectiveness
    Journal of Economic Dynamics and Control, 2002, 26, (2), 247-270 View citations (30)
    See also Working Paper (2001)
35. Effects of Growth and Volatility in Public Expenditures on Economic Growth: Theory and Evidence
    Annals of Economics and Finance, 2002, 3, (2), 379-406 View citations (6)
    See also Working Paper (2011)
36. How does fiscal decentralization affect aggregate, national, and subnational government size?
    Journal of Urban Economics, 2002, 52, (2), 270-293 View citations (23)
    See also Working Paper (2000)
37. Inflation, Growth, and Income Distribution: A Cross-Country Study
    Annals of Economics and Finance, 2002, 3, (1), 85-101 View citations (4)
    See also Working Paper (2002)
38. Optimal taxation and intergovernmental transfer in a dynamic model with multiple levels of government
    Journal of Economic Dynamics and Control, 2002, 26, (12), 1975-2003 View citations (4)
    See also Working Paper (2001)

2001

39. Charity, The Spirit of Capitalism and Wealth Accumulation
    Annals of Economics and Finance, 2001, 2, (2), 519-535
    See also Working Paper (1993)
40. Foreign Aid Reduces Labor Supply and Capital Accumulation
    Review of Development Economics, 2001, 5, (1), 105-18 View citations (9)
    See also Working Paper (2001)
41. Money, Social Status, and Capital Accumulation in a Cash-in-Advance Model
    Journal of Money, Credit and Banking, 2001, 33, (2), 284-93 View citations (9)
    See also Working Paper (2001)
42. The growth impact of intersectoral and intergovernmental allocation of public expenditure: With applications to China and India
    China Economic Review, 2001, 12, (1), 58-81 View citations (15)
    See also Working Paper (2000)

2000

43. Book reviews
    Journal of Economics, 2000, 72, (1), 99-126
44. Corruption, Income Distribution, and Growth
    Economics and Politics, 2000, 12, (2), 155-182 View citations (49)
    See also Working Paper (2000)
45. Dynamics of income distribution
    Canadian Journal of Economics, 2000, 33, (4), 937-961 View citations (9)
    See also Working Paper (2002)
46. Explaining the changes of income distribution in China
    China Economic Review, 2000, 11, (2), 149-170 View citations (10)
    See also Working Paper (2000)
47. Foreign Aid Reduces Domestic Capital Accumulation and Increases Foreign Borrowing: A Theoretical Analysis
    Annals of Economics and Finance, 2000, 1, (1), 147-163 View citations (7)
    See also Working Paper (2000)
48. The Macroeconomic Impact of Decentralized Spending and Deficits: International Evidence
    Annals of Economics and Finance, 2000, 1, (2), 403-433 View citations (7)
    See also Working Paper (2000)

1999

49. Fiscal Decentralization and Economic Growth in the United States
    Journal of Urban Economics, 1999, 45, (2), 228-239 View citations (54)
    See also Working Paper (1999)

1998

50. Explaining International and Intertemporal Variations in Income Inequality
    Economic Journal, 1998, 108, (446), 26-43 View citations (238)
    See also Working Paper (1998)
51. Fiscal Decentralization and Economic Growth: A Cross-Country Study
    Journal of Urban Economics, 1998, 43, (2), 244-257 View citations (90)
    See also Working Paper (1996)
52. Fiscal decentralization, public spending, and economic growth in China
    Journal of Public Economics, 1998, 67, (2), 221-240 View citations (78)
    See also Working Paper (2001)
53. Income Inequality Is Not Harmful for Growth: Theory and Evidence
    Review of Development Economics, 1998, 2, (3), 318-34 View citations (103)
    See also Working Paper (1998)
54. Should public capital be subsidized or provided?
    Journal of Monetary Economics, 1998, 41, (2), 319-331 View citations (35)
    See also Working Paper (2002)
55. The spirit of capitalism, social status, money, and accumulation
    Journal of Economics, 1998, 68, (3), 219-233 View citations (15)
    See also Working Paper (1998)

1997

56. Dynamic analysis in the Viner model of mercantilism
    Journal of International Money and Finance, 1997, 16, (4), 637-651 View citations (7)
    See also Working Paper (1997)

1996

57. Taxes, Federal Grants, Local Public Spending, and Growth
    Journal of Urban Economics, 1996, 39, (3), 303-317 View citations (11)
    See also Working Paper (1994)
58. The composition of public expenditure and economic growth
    Journal of Monetary Economics, 1996, 37, (2-3), 313-344 View citations (183)
    See also Working Paper (1996)

1995

59. A dynamic model of capital and arms accumulation
    Journal of Economic Dynamics and Control, 1995, 19, (1-2), 371-393 View citations (11)
    See also Working Paper (1995)
60. The spirit of capitalism and savings behavior
    Journal of Economic Behavior & Organization, 1995, 28, (1), 131-143 View citations (41)
    See also Working Paper (1995)

1994

61. 'The spirit of capitalism' and long-run growth
    European Journal of Political Economy, 1994, 10, (2), 279-293 View citations (52)
    See also Working Paper (1995)
62. Dynamic Effects of Federal Grants on Local Spending
    Journal of Urban Economics, 1994, 36, (1), 98-115 View citations (8)
    See also Working Paper (1995)
63. On the dynamics of privatization
    China Economic Review, 1994, 5, (2), 221-233 View citations (1)
    See also Working Paper (1995)
64. Short-run analysis of fiscal policy and the current account in a finite horizon model
    Journal of Macroeconomics, 1994, 16, (2), 347-357 View citations (3)
    See also Working Paper (1995)

1993

65. A note on the Bauer-Kornai investment cycle theory
    China Economic Review, 1993, 4, (1), 75-81 View citations (1)
    See also Working Paper (1995)
66. Dollarization and inflation in a two-country optimization model
    Journal of International Money and Finance, 1993, 12, (2), 209-220
    See also Working Paper (1995)

1991

67. Socialist economic growth and political investment cycles
    European Journal of Political Economy, 1991, 7, (2), 141-157 View citations (6)
    See also Working Paper (1991)

Editor

1. Annals of Economics and Finance
   Society for AEF
2. CEMA Working Papers
   China Economics and Management Academy, Central University of Finance and Economics