Details about Heng-Fu Zou

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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.

Last updated 2025-04-24. Update your information in the RePEc Author Service.

Short-id: pzo17

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Working Papers

2025

1. Adam Smith on Wealth and Liberty
   CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
2. Alan Macfarlane: No significant transformation in England between 1400 and 1700
   CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
3. American Anarchy According to Tocqueville's Democracy in America
   CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
4. Ancient Natural Rights to Life, Liberty, and Property
   CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
5. Black Hole Models for Totalitarian Regimes
   CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
6. Chinese Dynastic Cycles of Corruption and Power
   CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
7. Denationalization of Money and the Rise of Cryptocurrencies
   CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
8. Empire Expansion and Corrption: Rome, Britain, America, Russia, and China
   CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
9. England's Unique Historical Trajectory
   CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
10. F. W. Maitland on the Trust and Political, Religious, and Economic Freedom
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
11. Fake Feudalism in England
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
12. Fukuzawa's Contributions to Japan's Modernization: Education, Individualism, and Institutional Reform
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
13. Ideas, Institutions, and Quantum Neuroscience: A Theoretical Framework
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
14. John Locke's Two Treatises of Government Are Just Common Sense
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
15. Liberal Ideas and the Great Enrichment: A Theoretical Model
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
    See also Journal Article Liberal Ideas and the Great Enrichment: A Theoretical Model, Annals of Economics and Finance, Society for AEF (2025) (2025)
16. Maitland's Challenges to New Institutional Economics
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
17. Quantum Neuroscience, Subjective Preferences, and Stock Market Dynamics: A Unified Framework
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
18. Quantus and Inequality: A Quantum Model of Economic Stratification
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
19. The American Revolution: An Expression of Libertarianism
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
20. The Clash of Democracy Waves and Authoritarian Waves
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
21. The English Economic Path: Alan Macfarlane and Deirdre McCloskey
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
22. The Interplay of Liberalism, Conservatism, and Progressivism Has Shaped Economic Growth in the United States
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
23. The Origins of Capitalism
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
24. The Quantum Mechanics of Democracy: A Schrodinger Wave-Particle Perspective
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
25. The Rise of the United States: How Liberal Ideas Rooted in English Traditions Propelled Economic Supremacy
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
26. Trusts, Corporations, and Stateless Society
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
27. Trusts, corporations, and the evolution of English institutions
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
28. Whig Oligarchy, Corruption, Growth, and Challenges to New Institutional Economics
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics

2024

29. A Macroeconomic Model with Property-Rights Capital
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
    See also Journal Article A Macroeconomic Model with Property-Rights Capital, Annals of Economics and Finance, Society for AEF (2025) (2025)
30. Alan Macfarlane's Challenge to Douglass North and New Institutional Economics
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
31. American Dynamism
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
32. Anarchic International System: The World without a Central Government
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
33. Anti-Corruption slows down economic growth in China
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
34. Biological and Cultural Evolution Leads to Industrial Revolution
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
35. Constitutional Democracy as Memes
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
36. Crony capitalism, bureaucratic capitalism, and familial hierarchy
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
37. Deirdre McCloskey against Douglass North
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
38. Economic Man, Memes, Endogenous Preferences
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
39. Endogenous Constitutional Democracy Capital and Economic Development
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
    See also Journal Article Endogenous Constitutional Democracy Capital and Economic Development, Annals of Economics and Finance, Society for AEF (2024) View citations (1) (2024)
40. Fundamentals of Technology Innovations and Business Cycles
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
41. Genes, Memes, and Despotism
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
42. Governance and Stateless Society
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
43. Government Efficiency is a Contradiction in Itself: Bureaucracy and Inefficiency
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
44. Government Is Not a Spontaneous Order
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
45. Hayek's ideas in the "Pretense of Knowledge"
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
46. Heng-fu Zou's Political Economy of Republicanism
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
47. How the memes of constitutional democracy have transmitted and mutated over time
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
48. If Men Are Not Angels, No Government Is Necessary Either
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
49. Industrial Revolution and Mercantilism
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
50. Industrialization, State Control, and the Great Divergence: Jiangnan and England
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
51. Institutions Are a State of Mind
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
52. Liberal Ideas and the Great Enrichment
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
53. Liberty Capital Accumulation and Economic Growth
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
    See also Journal Article Liberty Capital Accumulation and Economic Growth, Annals of Economics and Finance, Society for AEF (2024) View citations (1) (2024)
54. Money, Growth, and Welfare in a Schumpeterian Model with Automation
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
55. Notes on the Nature of Chinese Ancient Political Economy
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
56. Power Corrupts, and Absolute Power Corrupts Absolutely
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
57. Power and Wealth
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
58. Red Genes or Red Memes
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
59. Reflections on Stateless Capitalism and American Intellectuals Today
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
60. Reimagining the Department of Government Efficiency from the Perspective of Stateless Capitalism
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
61. Rothbard and Hoppe versus Classical Liberalists
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
62. Rothbardian Stateless Capitalism
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
63. The Economy as an Enterprise of Knowledge
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
64. The Economy as an Enterprise of Knowledge versus Knowledge Economy
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
65. The Inherent Flaws of Classical Liberalism in Establishing Government
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
66. The Paradox of Civilization and Stateless Capitalism
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
67. The Republic of Science: Its Political and Economic Theory
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
68. The Rule-of-Law Capital, Growth, and Development
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
69. The Separation of Powers: How Checks and Balances Lead to State Expansion
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
70. The Spirit of Capitalism, Endogenous Preferences, Prosperity, and Depression
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
71. The Spirit of Capitalism, Entrepreneurship, and Talent Allocation
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
    See also Journal Article The Spirit of Capitalism, Entrepreneurship, and Talent Allocation, Annals of Economics and Finance, Society for AEF (2024) (2024)
72. The State as a Threat to Life, Liberty, Property, and the Pursuit of Happiness
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
73. The Trinity of Liberty, the Rule of Law, and Private Property
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
74. The right to bear arms, private property, and economic growth
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
    See also Journal Article The Right to Bear Arms, Private Property, and Economic Growth, Annals of Economics and Finance, Society for AEF (2025) (2025)
75. The spirit of capitalism, innovation and long-run growth
    MPRA Paper, University Library of Munich, Germany
76. Why Free Trade Is Ridiculous
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics

2023

77. Ants, Bees, and Humans: Sociobiological Approach to Authoritarianism
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
78. Currency misalignments, international trade in intermediate inputs, and inflation targeting
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
    See also Journal Article Currency misalignments, international trade in intermediate inputs, and inflation targeting, Journal of International Money and Finance, Elsevier (2023) View citations (4) (2023)
79. Deirdre McCloskey's Critique of Institutional Economics
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
80. Karl Marx was right, but he picked the wrong species
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
81. Liberty versus Power
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
82. Memes and Authoritarianiam Regimes
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
83. Passions Dominate Interests in Despotic States
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
84. Power, Transaction Costs, the Firm, and the Market
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
85. Recent Studies on Macro Dynamics and Finance
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
86. Social Sources of Power and Transaction Costs
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics

2022

87. A Dynamic Model of Totalitarian Regimes
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
88. A Simple Model of Ideological, Economic, Military, and Political Power
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
89. Adam Smith on Sympathy, Equality, Liberty, Justice, Property Rights, Government
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
90. Deirdre McCloskey's bourgeois ideas and Michael Mann's four powers
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
91. Edmund Phelps on Grassroots Innovation
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
92. Humanomics, Ideas, and the Great Enrichment
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
93. Ideology, Institution, and the State
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
94. Online Appendix to "Money, Growth, and Welfare in a Schumpeterian Model with the Spirit of Capitalism"
    Online Appendices, Review of Economic Dynamics View citations (1)
    See also Journal Article Money, Growth, and Welfare in a Schumpeterian Model with the Spirit of Capitalism, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2023) View citations (8) (2023)
95. Transaction Costs, Violence, and the State
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics

2021

96. A Free Market For Ideas In China
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
97. Armen Alchian on Property Rights
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
98. Memes and the History of Humankind
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
99. Money, Growth, and Welfare in a Schumpeterian Model with the Spirit of Capitalism
    CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
    Also in Research Working Paper, Federal Reserve Bank of Kansas City (2020) View citations (3)
    See also Journal Article Money, Growth, and Welfare in a Schumpeterian Model with the Spirit of Capitalism, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2023) View citations (8) (2023)
100. Ronald Coase on the Lack of the Market for Ideas in China
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
101. The Spirit of Capitalism and Consumption Inequality
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (2)
102. Wealth in the Utility Function and Consumption Inequality
     Research Working Paper, Federal Reserve Bank of Kansas City

2020

103. International trade in intermediate inputs and the welfare gains from monetary policy cooperation
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
104. Optimal fiscal and monetary policy in economies with capital
     MPRA Paper, University Library of Munich, Germany
105. Optimal monetary policy cooperation with a global shock and dollar standard
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
106. Optimal monetary policy in a model of vertical production and trade with reference currency
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
     See also Journal Article Optimal monetary policy in a model of vertical production and trade with reference currency, The B.E. Journal of Macroeconomics, De Gruyter (2020) (2020)
107. The spirit of capitalism and optimal capital taxation
     MPRA Paper, University Library of Munich, Germany View citations (1)
     Also in CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics (2020) View citations (1)
     See also Journal Article The spirit of capitalism and optimal capital taxation, Economics Letters, Elsevier (2020) View citations (1) (2020)

2019

108. A Free Market for Ideas in China: An Unattainable Vision
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
109. Do Ideas, Institutions, Science, Culture all Matter for the Great Enrichment?
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
110. Ideas Determine Institutions
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
111. Ideas Drive Economic Development
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
112. Mokyr on Ideas, Useful Knowledge, and Institutions: "Economic change in all periods depends on what people believe."
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
113. Statecraft and Soulcraft
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
114. The Great Enrichment: Ideas, Innovation, and Institutions
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
115. The Power of Ideas: Liberal Values and the Great Divergence of China and Europe
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics

2018

116. Bureaucracy, Power, and Corruption
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
117. Central Bank Independence and Inflation: Schumpeterian Theory and Evidence
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
     See also Journal Article Central Bank Independence and Inflation: Schumpeterian Theory and Evidence, Annals of Economics and Finance, Society for AEF (2024) (2024)
118. China as an Empire of Bureaucrats
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
119. Controversies on Karl Polanyi's The Great Transformation
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
120. Entrepreneurship: Starting from Richard Cantillon (1755)
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
121. Social Engineering by Liberalism
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
122. Social Engineering of Confucianism and Legalism
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
123. The Beginning of History and the First Man
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
124. The Kuznets Curve on Income Distribution Does Not Hold in China: A Critical Assessment
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
125. The Problems with the Big State in Democracy
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
126. The Republic of Entrepreneurs
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
127. The Republic of Letters, the Republic of Science, and the Republic of Liberty
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
128. The Republic of Politicians and the Republic of Civil Societies
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
129. Theories of Cycles of Political Regimes
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
130. everyone has the potential to be an entrepreneur and innovator
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics

2017

131. Churchill vs. Burke: Contrasting Perspectives on the French Revolution
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
132. Land-price dynamics and macroeconomic fluctuations with nonseparable preferences
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (3)
     See also Journal Article Land-price dynamics and macroeconomic fluctuations with nonseparable preferences, Journal of Economic Dynamics and Control, Elsevier (2017) View citations (4) (2017)
133. Magna Carta and American Revolution
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
134. Maitland on the Interplay between Liberty, Equality, and Wealth in England
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
135. Optimal Exchange-Rate Policy in a Model of Local-Currency Pricing with Vertical Production and Trade
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (5)
     See also Journal Article Optimal Exchange-Rate Policy in a Model of Local-Currency Pricing with Vertical Production and Trade, Open Economies Review, Springer (2017) View citations (6) (2017)

2016

136. Does inflation cause growth in the reform-era China? Theory and evidence
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (25)
     See also Journal Article Does inflation cause growth in the reform-era China? Theory and evidence, International Review of Economics & Finance, Elsevier (2016) View citations (24) (2016)
137. Optimal monetary policy with international trade in intermediate inputs
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (18)
     See also Journal Article Optimal monetary policy with international trade in intermediate inputs, Journal of International Money and Finance, Elsevier (2016) View citations (16) (2016)
138. The Effects of Macroeconomic Policies in a Mercantilist Economy
     MPRA Paper, University Library of Munich, Germany
     See also Journal Article The Effects of Macroeconomic Policies in a Mercantilist Economy, Frontiers of Economics in China-Selected Publications from Chinese Universities, Higher Education Press (2018) (2018)

2015

139. Optimal Monetary Policy Under a Global Dollar Standard: The Effect of Vertical Trade and Production
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (9)
     See also Journal Article Optimal Monetary Policy Under a Global Dollar Standard: The Effect of Vertical Trade and Production, Open Economies Review, Springer (2015) View citations (9) (2015)

2014

140. Consumption Externality and Indeterminacy under Increasing Returns to Scale and Endogenous Capital Depreciation
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
     See also Journal Article Consumption externality and indeterminacy under increasing returns to scale and endogenous capital depreciation, Economic Modelling, Elsevier (2014) (2014)
141. Economic growth
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
142. Macroeconomic Dynamics
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
143. Public finance
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics

2013

144. Creative Destruction with Credit Inflation
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
145. Does Fiscal Decentralization Increase the Investment Rate? Evidence from Chinese Dynamic Panel Data
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
146. Optimal monetary and tariff policy in open economies
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (2)
147. Optimal monetary policy in open economies: the role of reference currency in vertical production and trade
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
148. The Capital Account Cannot be Freed in China
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
149. 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
150. There is No Such Thing as the Soft Budget Constraint
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
151. Why Doesn't the Kuznets Curve on Income Distribution Hold in Ancient China?
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics

2012

152. 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
153. A Stationary Markov Equilibrium in an OLG Model
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
154. A Treaties on Public Finance in China
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
155. Capital Accumulation And Present-biased Preference
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
156. China's lagging region development and targeted transportation infrastructure investments
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
     Also in CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics (2012)
     See also Journal Article China's Lagging Region Development And Targeted Transportation Infrastructure Investments, Annals of Economics and Finance, Society for AEF (2014) View citations (1) (2014)
157. China: Preferential Tax Policy
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
158. Competitive Equilibrium in an Overlapping Generations Model with Production Loans
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
     See also Journal Article Competitive Equilibrium in an Overlapping Generations Model with Production Loans, Frontiers of Economics in China-Selected Publications from Chinese Universities, Higher Education Press (2017) (2017)
159. Decentralization in China
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (93)
160. Designing Intergovernmental Transfers in Russia: A Simulation Study
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
161. Economic Globalization, Mercantilism and Economic Growth
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
162. Economic Openness and Educational Expansion
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
     See also Journal Article Economic Openness and Educational Expansion, Annals of Economics and Finance, Society for AEF (2023) View citations (1) (2023)
163. Economic Theory and Empirics: Selected Economic Papers (Vol. 3)
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
164. 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
     See also Journal Article Financial Deregulation, Absorptive Capability, Technology Diffusion and Growth: Evidence from Chinese Panel Data, Journal of Applied Economics, Taylor & Francis Journals (2013) View citations (6) (2013)
165. Foreigh Asset Accumulation and Macroeconomic Policies
     MPRA Paper, University Library of Munich, Germany
166. International Macroeconomic Policy: When Wealth Affects People's Impatience
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
167. Migration, Urbanization and City Growth in China
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
168. 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 View citations (8)
     See also Journal Article On the concavity of the consumption function with the time varying discount rate, Economics Letters, Elsevier (2012) View citations (8) (2012)
169. 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 View citations (4)
     See also Journal Article On the efficiency of monetary and fiscal policy in open economies, Annals of Economics and Finance, Society for AEF (2013) View citations (8) (2013)
170. Optimal design of intergovernmental grants in a dynamic model
     MPRA Paper, University Library of Munich, Germany View citations (1)
171. Patent Protection, Technological Change and Wage Inequality: Theory
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (3)
172. Regional Differences in China's Urbanization and its Determinants
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (2)
173. Regional Disparity in Health and Health Care in China
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (2)
174. Risk-taking, fiscal policies, asset pricing, and stochastic growth with the spirit of capitalism
     MPRA Paper, University Library of Munich, Germany
175. 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
176. The Z-Transform Method for Multidimensional Dynamic Economic Systems
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
     See also Journal Article The Z -transform method for multidimensional dynamic economic systems, Applied Economics Letters, Taylor & Francis Journals (2013) (2013)
177. When Wealth Affects People's Impatience
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics

2011

178. Asset Prices and Hyperbolic Discounting
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
     See also Journal Article Asset Prices and Hyperbolic Discounting, Annals of Economics and Finance, Society for AEF (2007) View citations (5) (2007)
179. 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
180. 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)
181. 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 Effects of Growth and Volatility in Public Expenditures on Economic Growth: Theory and Evidence, Annals of Economics and Finance, Society for AEF (2002) View citations (14) (2002)
182. Essays on a positive theory of economic growth
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
183. 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 (8)
     See also Journal Article Finance and Income Inequality: What Do the Data Tell Us?, Southern Economic Journal, John Wiley & Sons (2006) View citations (82) (2006)
184. Fiscal Decentralization and Peasants' Financial Burden in China
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
     See also Journal Article Fiscal Decentralization and Peasants' Financial Burden in China, Annals of Economics and Finance, Society for AEF (2012) View citations (4) (2012)
185. 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 Fiscal Federalism, Public Capital Formation, and Endogenous Growth, Annals of Economics and Finance, Society for AEF (2003) View citations (16) (2003)
186. 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
187. Foreign Asset Accumulation, Macroeconomic Policies and Mercantilism
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
188. Health Care System Reform in China: Issues, Challenges and Options
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
189. Health, Taxes, and Growth
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (3)
     See also Journal Article Health, Taxes, and Growth, Annals of Economics and Finance, Society for AEF (2010) View citations (5) (2010)
190. Inflation Aversion
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (2)
     See also Journal Article Inflation Aversion, Annals of Economics and Finance, Society for AEF (2011) View citations (2) (2011)
191. Inflation Aversion and the Optimal Inflation Tax
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (3)
     See also Journal Article Inflation Aversion and the Optimal Inflation Tax, Annals of Economics and Finance, Society for AEF (2011) View citations (2) (2011)
192. 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 View citations (9)
193. 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 LOCAL GOVERNMENT TAX EFFORT IN CHINA: AN ANALYSIS OF PROVINCIAL TAX PERFORMANCE, Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var (2009) View citations (8) (2009)
194. Mercantilism, Foreign Asset Accumulation and Macroeconomic Policy
     MPRA Paper, University Library of Munich, Germany
195. Patent Protection, Financial Development and Economic Growth
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
196. 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 Poverty and Inequality in Sub-Saharan Africa: Literature Survey and Empirical Assessment, Annals of Economics and Finance, Society for AEF (2007) View citations (12) (2007)
197. Public Expenditures, Taxes, Federal Transfers, and Endogenous Growth
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (6)
     See also Journal Article Public Expenditures, Taxes, Federal Transfers, and Endogenous Growth, Journal of Public Economic Theory, Association for Public Economic Theory (2011) View citations (8) (2011)
198. Regional Inequality in Contemporary China
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
     See also Journal Article Regional Inequality in Contemporary China, Annals of Economics and Finance, Society for AEF (2012) View citations (29) (2012)
199. Savings and Income Distribution
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
     See also Journal Article Savings and Income Distribution, Annals of Economics and Finance, Society for AEF (2004) View citations (17) (2004)
200. 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
201. Status Preference and the Effects of Patent Protection: Theory and Evidence
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
     See also Journal Article STATUS PREFERENCE AND THE EFFECTS OF PATENT PROTECTION: THEORY AND EVIDENCE, Macroeconomic Dynamics, Cambridge University Press (2018) View citations (12) (2018)
202. The Fogel Approach to Health and Growth
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
203. 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 The Spirit of Capitalism and Excess Smoothness, Annals of Economics and Finance, Society for AEF (2009) View citations (5) (2009)
204. 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)
205. 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 Water Service Delivery Reform in China: Safeguarding the Interests of the Poor, Annals of Economics and Finance, Society for AEF (2012) View citations (4) (2012)

2010

206. A New Approach to Inflation Aversion
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
207. A Note on Entrepreneurial Risk, Capital Market Imperfections, and Heterogeneity
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (2)
     See also Journal Article A NOTE ON ENTREPRENEURIAL RISK, CAPITAL MARKET IMPERFECTIONS, AND HETEROGENEITY, Macroeconomic Dynamics, Cambridge University Press (2010) View citations (2) (2010)
208. Directed Technological Change: A Knowledge-Based Model
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
     See also Journal Article DIRECTED TECHNOLOGICAL CHANGE: A KNOWLEDGE-BASED MODEL, Macroeconomic Dynamics, Cambridge University Press (2015) View citations (7) (2015)
209. 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
210. Patent Protection, Technological Change and Wage Inequality
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
211. Rare-Disasters, the Spitit of Capitalism, Oversaving, and Asset Pricing
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
212. 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 (6)
     See also Journal Article Stochastic growth with social-status concern: The existence of a unique stable distribution, Journal of Mathematical Economics, Elsevier (2010) View citations (7) (2010)

2009

213. Optimal Military Spending, Trade and Stochastic Economic Growth
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
214. 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
215. 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

216. 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 (6)
217. Fiscal Decentralization and Public Services Provision in China
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (5)
     See also Journal Article Fiscal Decentralization and Public Services Provision in China, Annals of Economics and Finance, Society for AEF (2014) View citations (9) (2014)
218. 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 View citations (1)
219. Intertemporal Portfolio Choice under Multiple Types of Event Risks
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
220. Stock Return Dynamics under Earnings Management
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
221. 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
222. Uninsurable Entrepreneurial Risk, Capital Market Imperfections, and Heterogeneity in the Macroeconomy
     MPRA Paper, University Library of Munich, Germany

2007

223. "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 View citations (1)
224. China Decentralization Finance Issues
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
225. Consumption and Risk with hyperbolic discounting
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (17)
     See also Journal Article Consumption and Risk with hyperbolic discounting, Economics Letters, Elsevier (2007) View citations (14) (2007)
226. 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 (5)
227. 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

228. 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
229. China: Regional Disparities In Poverty Distribution
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
     See also Journal Article CHINA: REGIONAL DISPARITIES IN POVERTY DISTRIBUTION, Division of Labor & Transaction Costs (DLTC), World Scientific Publishing Co. Pte. Ltd. (2008) View citations (1) (2008)
230. Education in the Rural Sector of China
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
     See also Journal Article Education in the Rural Sector of China, Annals of Economics and Finance, Society for AEF (2023) (2023)
231. 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 (15)
     See also Journal Article Fiscal Decentralization in China: History, Impact, Challenges and Next Steps, Annals of Economics and Finance, Society for AEF (2012) View citations (83) (2012)
232. Health Services in Rural China
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
233. 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)
234. Local Public Finance in China: Expenditure Responsibilities of Local Governments
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
235. Local Public Finance in China: Intergovernmental transfers
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
236. Local Public Finance in China: Policy Options
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
237. Local Public Finance in China: Revenues of Local Governments
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
238. 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
239. Reform of Social Security System in China
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
240. Services for Urban Floating Population in China
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
241. Social Safety Nets in China
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
242. Studies on Macroeconomics
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (3)
243. 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
244. The Spirit of Capitalism, Precautionary Savings, and Consumption
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
     See also Journal Article The Spirit of Capitalism, Precautionary Savings, and Consumption, Journal of Money, Credit and Banking, Blackwell Publishing (2009) View citations (18) (2009)
245. Urban Health Service in China
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)

2005

246. Education, Worker Productivity, and Income Distribution in China
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
247. Effects of smoking and smoking cessation on productivity in China
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
248. 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 (74)
     Also in CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics (2004)
     See also Journal Article Fiscal decentralization, revenue and expenditure assignments, and growth in China, Journal of Asian Economics, Elsevier (2005) View citations (70) (2005)
249. Product Innovation, Capital Accumulation, and Endogenous Growth
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
250. Regional Disparities of Educational Attainment in China
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (2)
251. 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

252. 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 (6)
     See also Journal Article 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, ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich (2004) View citations (2) (2004)

2003

253. 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
254. Finance and Income Inequality: Test of Alternative Theories
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (76)
     Also in Policy Research Working Paper Series, The World Bank (2003) View citations (73)
255. Soft Budget Constraints on Local Government in China
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (20)

2002

256. Dynamics of Income Distribution
     GE, Growth, Math methods, University Library of Munich, Germany View citations (1)
     Also in CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics (1999) View citations (1)
     See also Journal Article Dynamics of income distribution, Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons (2000) View citations (17) (2000)
257. 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 (40)
     See also Journal Article Inflation, Growth, and Income Distribution: A Cross-Country Study, Annals of Economics and Finance, Society for AEF (2002) View citations (42) (2002)
258. Should Public Capital Be Subsidized or Provided?
     Macroeconomics, University Library of Munich, Germany View citations (2)
     Also in CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics (1999) View citations (2)
     See also Journal Article Should public capital be subsidized or provided?, Journal of Monetary Economics, Elsevier (1998) View citations (54) (1998)

2001

259. 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 (10)
     See also Journal Article Direct preferences for wealth, the risk premium puzzle, growth, and policy effectiveness, Journal of Economic Dynamics and Control, Elsevier (2002) View citations (58) (2002)
260. Fiscal Federalism in a Dynamic Model
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
261. 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 (46)
     Also in Policy Research Working Paper Series, The World Bank (1996) View citations (43)
     See also Journal Article Fiscal decentralization, public spending, and economic growth in China, Journal of Public Economics, Elsevier (1998) View citations (487) (1998)
262. Foreign Aid Reduces Labor Supply and Capital Accumulation
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (27)
     See also Journal Article Foreign Aid Reduces Labor Supply and Capital Accumulation, Review of Development Economics, Wiley Blackwell (2001) View citations (25) (2001)
263. 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 Military spending and stochastic growth, Journal of Economic Dynamics and Control, Elsevier (2003) View citations (14) (2003)
264. 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 (39)
     See also Journal Article Money, Social Status, and Capital Accumulation in a Cash-in-Advance Model, Journal of Money, Credit and Banking, Blackwell Publishing (2001) View citations (39) (2001)
265. 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 Optimal taxation and intergovernmental transfer in a dynamic model with multiple levels of government, Journal of Economic Dynamics and Control, Elsevier (2002) View citations (14) (2002)

2000

266. A Review on "The Unintended Consequences"
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
267. Corruption, Income Distribution, and Growth
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (195)
     See also Journal Article Corruption, Income Distribution, and Growth, Economics and Politics, Wiley Blackwell (2000) View citations (196) (2000)
268. Explaining the Changes of Income Distribution in China
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (38)
     See also Journal Article Explaining the changes of income distribution in China, China Economic Review, Elsevier (2000) View citations (36) (2000)
269. 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 (10)
     See also Journal Article Foreign Aid Reduces Domestic Capital Accumulation and Increases Foreign Borrowing: A Theoretical Analysis, Annals of Economics and Finance, Society for AEF (2000) View citations (10) (2000)
270. 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 View citations (1)
     See also Journal Article How does fiscal decentralization affect aggregate, national, and subnational government size?, Journal of Urban Economics, Elsevier (2002) View citations (128) (2002)
271. 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
272. Public Finance, Growth, and Dynamic Economic Analysis
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
273. 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 (37)
     See also Journal Article The Macroeconomic Impact of Decentralized Spending and Deficits: International Evidence, Annals of Economics and Finance, Society for AEF (2000) View citations (35) (2000)
274. 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 (9)
     See also Journal Article The growth impact of intersectoral and intergovernmental allocation of public expenditure: With applications to China and India, China Economic Review, Elsevier (2001) View citations (78) (2001)

1999

275. A Data Set on Income Distribution
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
276. 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 (188)
     See also Journal Article Fiscal Decentralization and Economic Growth in the United States, Journal of Urban Economics, Elsevier (1999) View citations (183) (1999)

1998

277. Decentralized Spending and Central Government Deficits: International Evidence
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (4)
278. Explaining International and Intertemporal Variations in Income Inequality
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (499)
     See also Journal Article Explaining International and Intertemporal Variations in Income Inequality, Economic Journal, Royal Economic Society (1998) View citations (510) (1998)
279. 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
280. 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)
281. 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 (359)
     See also Journal Article Income Inequality is not Harmful for Growth: Theory and Evidence, Review of Development Economics, Wiley Blackwell (1998) View citations (349) (1998)
282. 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 (28)
     See also Journal Article The spirit of capitalism, social status, money, and accumulation, Journal of Economics, Springer (1998) View citations (31) (1998)

1997

283. Dynamic analysis in the Viner model of mercantilism
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (10)
     See also Journal Article Dynamic analysis in the Viner model of mercantilism, Journal of International Money and Finance, Elsevier (1997) View citations (10) (1997)
284. 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 (11)

1996

285. Exports, Foreign Technology Imports, and Long-run Growth
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (3)
286. 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 Fiscal Decentralization and Economic Growth: A Cross-Country Study, Journal of Urban Economics, Elsevier (1998) View citations (357) (1998)
287. The composition of public expenditure and economic growth
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (658)
     See also Journal Article The composition of public expenditure and economic growth, Journal of Monetary Economics, Elsevier (1996) View citations (624) (1996)

1995

288. 'The spirit of capitalism' and long-run growth
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (16)
     Also in Policy Research Working Paper Series, The World Bank (1991) View citations (5)
     See also Journal Article 'The spirit of capitalism' and long-run growth, European Journal of Political Economy, Elsevier (1994) View citations (144) (1994)
289. A dynamic model of capital and arms accumulation
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (23)
     See also Journal Article A dynamic model of capital and arms accumulation, Journal of Economic Dynamics and Control, Elsevier (1995) View citations (23) (1995)
290. 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 A note on the Bauer-Kornai investment cycle theory, China Economic Review, Elsevier (1993) View citations (1) (1993)
291. A preliminary analysis of intergovernment transfers in Romania
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
292. 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 (3)
     See also Journal Article Dollarization and inflation in a two-country optimization model, Journal of International Money and Finance, Elsevier (1993) (1993)
293. 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 Dynamic Effects of Federal Grants on Local Spending, Journal of Urban Economics, Elsevier (1994) View citations (13) (1994)
294. Foreign technology imports and economic growth in developing countries
     Policy Research Working Paper Series, The World Bank View citations (9)
295. On the dynamics of privatization
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
     See also Journal Article On the dynamics of privatization, China Economic Review, Elsevier (1994) View citations (2) (1994)
296. 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 Short-run analysis of fiscal policy and the current account in a finite horizon model, Journal of Macroeconomics, Elsevier (1994) View citations (6) (1994)
297. The spirit of capitalism and savings behavior
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (95)
     See also Journal Article The spirit of capitalism and savings behavior, Journal of Economic Behavior & Organization, Elsevier (1995) View citations (96) (1995)

1994

298. 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 (29)
299. 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 Taxes, Federal Grants, Local Public Spending, and Growth, Journal of Urban Economics, Elsevier (1996) View citations (28) (1996)

1993

300. "The Spirit of Capitalism" and Monetary Growth
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
301. Charity, The Spirit of Capitalism and Wealth Accumulation
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
302. China: reforming intergovernmental fiscal relations
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
303. Optimal Foreign Asset Accumulation and Wealth Effects
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
304. 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
305. Optimal design of federal grants to localities
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (1)
306. Taxes, Goverment Spending and Growth
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics
307. 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)
308. 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)
309. What do governments buy?
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (33)
310. What do governments buy? The composition of public spending and economic performance
     Policy Research Working Paper Series, The World Bank View citations (22)

1992

311. Local Government Finance in South Africa
     CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics View citations (2)

1991

312. Socialist economic growth and political investment cycles
     Policy Research Working Paper Series, The World Bank View citations (9)
     See also Journal Article Socialist economic growth and political investment cycles, European Journal of Political Economy, Elsevier (1991) View citations (11) (1991)

Journal Articles

2025

1. A Macroeconomic Model with Property-Rights Capital
   Annals of Economics and Finance, 2025, 26, (1), 213-246
   See also Working Paper A Macroeconomic Model with Property-Rights Capital, CEMA Working Papers (2024) (2024)
2. Liberal Ideas and the Great Enrichment: A Theoretical Model
   Annals of Economics and Finance, 2025, 26, (1), 1-175
   See also Working Paper Liberal Ideas and the Great Enrichment: A Theoretical Model, CEMA Working Papers (2025) (2025)
3. The Right to Bear Arms, Private Property, and Economic Growth
   Annals of Economics and Finance, 2025, 26, (1), 281-309
   See also Working Paper The right to bear arms, private property, and economic growth, CEMA Working Papers (2024) (2024)

2024

4. Central Bank Independence and Inflation: Schumpeterian Theory and Evidence
   Annals of Economics and Finance, 2024, 25, (2), 463-500
   See also Working Paper Central Bank Independence and Inflation: Schumpeterian Theory and Evidence, CEMA Working Papers (2018) (2018)
5. Endogenous Constitutional Democracy Capital and Economic Development
   Annals of Economics and Finance, 2024, 25, (2), 501-549 View citations (1)
   See also Working Paper Endogenous Constitutional Democracy Capital and Economic Development, CEMA Working Papers (2024) View citations (1) (2024)
6. Liberty Capital Accumulation and Economic Growth
   Annals of Economics and Finance, 2024, 25, (1), 63-116 View citations (1)
   See also Working Paper Liberty Capital Accumulation and Economic Growth, CEMA Working Papers (2024) View citations (1) (2024)
7. The Spirit of Capitalism, Entrepreneurship, and Talent Allocation
   Annals of Economics and Finance, 2024, 25, (1), 1-29
   See also Working Paper The Spirit of Capitalism, Entrepreneurship, and Talent Allocation, CEMA Working Papers (2024) (2024)

2023

8. Currency misalignments, international trade in intermediate inputs, and inflation targeting
   Journal of International Money and Finance, 2023, 134, (C) View citations (4)
   See also Working Paper Currency misalignments, international trade in intermediate inputs, and inflation targeting, CEMA Working Papers (2023) (2023)
9. Economic Openness and Educational Expansion
   Annals of Economics and Finance, 2023, 24, (2), 213-235 View citations (1)
   See also Working Paper Economic Openness and Educational Expansion, CEMA Working Papers (2012) (2012)
10. Education in the Rural Sector of China
    Annals of Economics and Finance, 2023, 24, (1), 171-191
    See also Working Paper Education in the Rural Sector of China, CEMA Working Papers (2006) (2006)
11. Money, Growth, and Welfare in a Schumpeterian Model with the Spirit of Capitalism
    Review of Economic Dynamics, 2023, 47, 346-372 View citations (8)
    See also Software Item Code and data files for "Money, Growth, and Welfare in a Schumpeterian Model with the Spirit of Capitalism", Computer Codes (2022) (2022)
    Working Paper Online Appendix to "Money, Growth, and Welfare in a Schumpeterian Model with the Spirit of Capitalism", Online Appendices (2022) View citations (1) (2022)
    Working Paper Money, Growth, and Welfare in a Schumpeterian Model with the Spirit of Capitalism, CEMA Working Papers (2021) View citations (1) (2021)

2020

12. Optimal monetary policy in a model of vertical production and trade with reference currency
    The B.E. Journal of Macroeconomics, 2020, 20, (1), 21
    See also Working Paper Optimal monetary policy in a model of vertical production and trade with reference currency, CEMA Working Papers (2020) (2020)
13. The spirit of capitalism and optimal capital taxation
    Economics Letters, 2020, 192, (C) View citations (1)
    See also Working Paper The spirit of capitalism and optimal capital taxation, MPRA Paper (2020) View citations (1) (2020)

2018

14. STATUS PREFERENCE AND THE EFFECTS OF PATENT PROTECTION: THEORY AND EVIDENCE
    Macroeconomic Dynamics, 2018, 22, (4), 837-863 View citations (12)
    See also Working Paper Status Preference and the Effects of Patent Protection: Theory and Evidence, CEMA Working Papers (2011) (2011)
15. The Effects of Macroeconomic Policies in a Mercantilist Economy
    Frontiers of Economics in China-Selected Publications from Chinese Universities, 2018, 13, (2), 171-195
    See also Working Paper The Effects of Macroeconomic Policies in a Mercantilist Economy, MPRA Paper (2016) (2016)

2017

16. Competitive Equilibrium in an Overlapping Generations Model with Production Loans
    Frontiers of Economics in China-Selected Publications from Chinese Universities, 2017, 12, (2), 268-279
    See also Working Paper Competitive Equilibrium in an Overlapping Generations Model with Production Loans, CEMA Working Papers (2012) (2012)
17. Land-price dynamics and macroeconomic fluctuations with nonseparable preferences
    Journal of Economic Dynamics and Control, 2017, 83, (C), 149-161 View citations (4)
    See also Working Paper Land-price dynamics and macroeconomic fluctuations with nonseparable preferences, CEMA Working Papers (2017) View citations (3) (2017)
18. Optimal Exchange-Rate Policy in a Model of Local-Currency Pricing with Vertical Production and Trade
    Open Economies Review, 2017, 28, (1), 125-147 View citations (6)
    See also Working Paper Optimal Exchange-Rate Policy in a Model of Local-Currency Pricing with Vertical Production and Trade, CEMA Working Papers (2017) View citations (5) (2017)

2016

19. Does inflation cause growth in the reform-era China? Theory and evidence
    International Review of Economics & Finance, 2016, 45, (C), 470-484 View citations (24)
    See also Working Paper Does inflation cause growth in the reform-era China? Theory and evidence, CEMA Working Papers (2016) View citations (25) (2016)
20. Optimal monetary policy with international trade in intermediate inputs
    Journal of International Money and Finance, 2016, 65, (C), 140-165 View citations (16)
    See also Working Paper Optimal monetary policy with international trade in intermediate inputs, CEMA Working Papers (2016) View citations (18) (2016)

2015

21. DIRECTED TECHNOLOGICAL CHANGE: A KNOWLEDGE-BASED MODEL
    Macroeconomic Dynamics, 2015, 19, (1), 116-143 View citations (7)
    See also Working Paper Directed Technological Change: A Knowledge-Based Model, CEMA Working Papers (2010) View citations (1) (2010)
22. Optimal Monetary Policy Under a Global Dollar Standard: The Effect of Vertical Trade and Production
    Open Economies Review, 2015, 26, (1), 121-137 View citations (9)
    See also Working Paper Optimal Monetary Policy Under a Global Dollar Standard: The Effect of Vertical Trade and Production, CEMA Working Papers (2015) View citations (9) (2015)

2014

23. An Essay on Public Finance in China
    Annals of Economics and Finance, 2014, 15, (1), 413-519 View citations (4)
24. China's Lagging Region Development And Targeted Transportation Infrastructure Investments
    Annals of Economics and Finance, 2014, 15, (1), 157-200 View citations (1)
    See also Working Paper China's lagging region development and targeted transportation infrastructure investments, CEMA Working Papers (2012) (2012)
25. Consumption externality and indeterminacy under increasing returns to scale and endogenous capital depreciation
    Economic Modelling, 2014, 38, (C), 282-287
    See also Working Paper Consumption Externality and Indeterminacy under Increasing Returns to Scale and Endogenous Capital Depreciation, CEMA Working Papers (2014) (2014)
26. Fiscal Decentralization and Public Services Provision in China
    Annals of Economics and Finance, 2014, 15, (1), 521-547 View citations (9)
    See also Working Paper Fiscal Decentralization and Public Services Provision in China, CEMA Working Papers (2008) View citations (5) (2008)

2013

27. Asset Pricing, Capital Structure and the Spirit of Capitalism in a Production Economy
    Annals of Economics and Finance, 2013, 14, (2), 367-384 View citations (1)
28. Financial Deregulation, Absorptive Capability, Technology Diffusion and Growth: Evidence from Chinese Panel Data
    Journal of Applied Economics, 2013, 16, (2), 275-301 View citations (6)
    Also in Journal of Applied Economics, 2013, 16, 275-302 (2013) View citations (7)
    See also Working Paper Financial Deregulation, Absorptive Capability, Technology Diffusion and Growth: Evidence from Chinese Panel Data, CEMA Working Papers (2012) (2012)
29. On the efficiency of monetary and fiscal policy in open economies
    Annals of Economics and Finance, 2013, 14, (1), 179-206 View citations (8)
    See also Working Paper On the efficiency of monetary and fiscal policy in open economies, CEMA Working Papers (2012) View citations (4) (2012)
30. The Z -transform method for multidimensional dynamic economic systems
    Applied Economics Letters, 2013, 20, (11), 1081-1088
    See also Working Paper The Z-Transform Method for Multidimensional Dynamic Economic Systems, CEMA Working Papers (2012) (2012)

2012

31. Evaluation of Land Taxation in China
    Annals of Economics and Finance, 2012, 13, (2), 489-528
32. Fiscal Decentralization and Peasants' Financial Burden in China
    Annals of Economics and Finance, 2012, 13, (1), 53-90 View citations (4)
    See also Working Paper Fiscal Decentralization and Peasants' Financial Burden in China, CEMA Working Papers (2011) View citations (1) (2011)
33. Fiscal Decentralization in China: History, Impact, Challenges and Next Steps
    Annals of Economics and Finance, 2012, 13, (1), 1-51 View citations (83)
    See also Working Paper Fiscal Decentralization in China: History, Impact, Challenges and Next Steps, CEMA Working Papers (2006) View citations (15) (2006)
34. On the concavity of the consumption function with the time varying discount rate
    Economics Letters, 2012, 117, (1), 99-101 View citations (8)
    See also Working Paper On the concavity of the consumption function with the time varying discount rate, CEMA Working Papers (2012) View citations (8) (2012)
35. Regional Inequality in Contemporary China
    Annals of Economics and Finance, 2012, 13, (1), 113-137 View citations (29)
    See also Working Paper Regional Inequality in Contemporary China, CEMA Working Papers (2011) (2011)
36. Water Service Delivery Reform in China: Safeguarding the Interests of the Poor
    Annals of Economics and Finance, 2012, 13, (2), 463-487 View citations (4)
    See also Working Paper Water Service Delivery Reform in China: Safeguarding the Interests of the Poor, CEMA Working Papers (2011) (2011)

2011

37. Inflation Aversion
    Annals of Economics and Finance, 2011, 12, (1), 1-11 View citations (2)
    See also Working Paper Inflation Aversion, CEMA Working Papers (2011) View citations (2) (2011)
38. Inflation Aversion and the Optimal Inflation Tax
    Annals of Economics and Finance, 2011, 12, (1), 13-30 View citations (2)
    See also Working Paper Inflation Aversion and the Optimal Inflation Tax, CEMA Working Papers (2011) View citations (3) (2011)
39. Inflation aversion and macroeconomic policy in a perfect foresight monetary model
    Economic Modelling, 2011, 28, (4), 1802-1807 View citations (4)
40. Public Expenditures, Taxes, Federal Transfers, and Endogenous Growth
    Journal of Public Economic Theory, 2011, 13, (6), 973-991 View citations (8)
    See also Working Paper Public Expenditures, Taxes, Federal Transfers, and Endogenous Growth, CEMA Working Papers (2011) View citations (6) (2011)

2010

41. A NOTE ON ENTREPRENEURIAL RISK, CAPITAL MARKET IMPERFECTIONS, AND HETEROGENEITY
    Macroeconomic Dynamics, 2010, 14, (2), 269-284 View citations (2)
    See also Working Paper A Note on Entrepreneurial Risk, Capital Market Imperfections, and Heterogeneity, CEMA Working Papers (2010) View citations (2) (2010)
42. Health, Taxes, and Growth
    Annals of Economics and Finance, 2010, 11, (1), 73-94 View citations (5)
    See also Working Paper Health, Taxes, and Growth, CEMA Working Papers (2011) View citations (3) (2011)
43. Stochastic growth with social-status concern: The existence of a unique stable distribution
    Journal of Mathematical Economics, 2010, 46, (4), 505-518 View citations (7)
    See also Working Paper Stochastic Growth with the Social-Status Concern: The Existence of a Unique Stable Distribution, CEMA Working Papers (2010) View citations (6) (2010)

2009

44. LOCAL GOVERNMENT TAX EFFORT IN CHINA: AN ANALYSIS OF PROVINCIAL TAX PERFORMANCE
    Region et Developpement, 2009, 29, 203-236 View citations (8)
    See also Working Paper Local Government Tax Effort in China: an Analysis of Provincial Tax Performance, CEMA Working Papers (2011) (2011)
45. The Spirit of Capitalism and Excess Smoothness
    Annals of Economics and Finance, 2009, 10, (2), 281-301 View citations (5)
    See also Working Paper The Spirit of Capitalism and Excess Smoothness, CEMA Working Papers (2011) (2011)
46. The Spirit of Capitalism, Precautionary Savings, and Consumption
    Journal of Money, Credit and Banking, 2009, 41, (2-3), 543-554 View citations (18)
    Also in Journal of Money, Credit and Banking, 2009, 41, (2‐3), 543-554 (2009) View citations (6)
    See also Working Paper The Spirit of Capitalism, Precautionary Savings, and Consumption, CEMA Working Papers (2006) View citations (1) (2006)

2008

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

2007

50. Asset Prices and Hyperbolic Discounting
    Annals of Economics and Finance, 2007, 8, (2), 397-414 View citations (5)
    See also Working Paper Asset Prices and Hyperbolic Discounting, CEMA Working Papers (2011) View citations (1) (2011)
51. Consumption and Risk with hyperbolic discounting
    Economics Letters, 2007, 96, (2), 153-160 View citations (14)
    See also Working Paper Consumption and Risk with hyperbolic discounting, CEMA Working Papers (2007) View citations (17) (2007)
52. Poverty and Inequality in Sub-Saharan Africa: Literature Survey and Empirical Assessment
    Annals of Economics and Finance, 2007, 8, (2), 251-304 View citations (12)
    See also Working Paper Poverty and Inequality in Sub-Saharan Africa: Literature Survey and Empirical Assessment, CEMA Working Papers (2011) (2011)

2006

53. Finance and Income Inequality: What Do the Data Tell Us?
    Southern Economic Journal, 2006, 72, (3), 578-596 View citations (82)
    See also Working Paper Finance and Income Inequality: What Do the Data Tell Us?, CEMA Working Papers (2011) View citations (8) (2011)
54. Income inequality and economic growth¡ª¡ªthe Kuznets curve revisited
    Frontiers of Economics in China-Selected Publications from Chinese Universities, 2006, 1, (2), 196-206 View citations (2)

2005

55. Fiscal decentralization, revenue and expenditure assignments, and growth in China
    Journal of Asian Economics, 2005, 16, (6), 1047-1064 View citations (70)
    See also Working Paper Fiscal decentralization, revenue and expenditure assignments, and growth in China, CEMA Working Papers (2005) View citations (74) (2005)

2004

56. 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
    ifo DICE Report, 2004, 2, (01), 10-14 View citations (2)
    See also Working Paper 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 (2004) View citations (6) (2004)
57. Savings and Income Distribution
    Annals of Economics and Finance, 2004, 5, (2), 245-270 View citations (17)
    See also Working Paper Savings and Income Distribution, CEMA Working Papers (2011) View citations (1) (2011)

2003

58. Fiscal Federalism, Public Capital Formation, and Endogenous Growth
    Annals of Economics and Finance, 2003, 4, (2), 471-490 View citations (16)
    See also Working Paper Fiscal Federalism, Public Capital Formation, and Endogenous Growth, CEMA Working Papers (2011) View citations (1) (2011)
59. Military spending and stochastic growth
    Journal of Economic Dynamics and Control, 2003, 28, (1), 153-170 View citations (14)
    See also Working Paper Military spending and stochastic growth, CEMA Working Papers (2001) View citations (1) (2001)

2002

60. 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 (58)
    See also Working Paper Direct preferences for wealth, the risk premium puzzle, growth, and policy effectiveness, CEMA Working Papers (2001) View citations (10) (2001)
61. 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 (14)
    See also Working Paper Effects of Growth and Volatility in Public Expenditures on Economic Growth: Theory and Evidence, CEMA Working Papers (2011) View citations (1) (2011)
62. How does fiscal decentralization affect aggregate, national, and subnational government size?
    Journal of Urban Economics, 2002, 52, (2), 270-293 View citations (128)
    See also Working Paper How does fiscal decentralization affect aggregate, national, and subnational government size?, CEMA Working Papers (2000) View citations (1) (2000)
63. Inflation, Growth, and Income Distribution: A Cross-Country Study
    Annals of Economics and Finance, 2002, 3, (1), 85-101 View citations (42)
    See also Working Paper Inflation, Growth, and Income Distribution: A Cross-Country Study, CEMA Working Papers (2002) View citations (40) (2002)
64. 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 (14)
    See also Working Paper Optimal taxation and intergovernmental transfer in a dynamic model with multiple levels of government, CEMA Working Papers (2001) View citations (1) (2001)

2001

65. Foreign Aid Reduces Labor Supply and Capital Accumulation
    Review of Development Economics, 2001, 5, (1), 105-118 View citations (25)
    See also Working Paper Foreign Aid Reduces Labor Supply and Capital Accumulation, CEMA Working Papers (2001) View citations (27) (2001)
66. 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 (39)
    See also Working Paper Money, social status, and capital accumulation in a cash-in-advance model, CEMA Working Papers (2001) View citations (39) (2001)
67. 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 (78)
    See also Working Paper The growth impact of intersectoral and intergovernmental allocation of public expenditure: With applications to China and India, CEMA Working Papers (2000) View citations (9) (2000)

2000

68. Book reviews
    Journal of Economics, 2000, 72, (1), 99-126
69. Corruption, Income Distribution, and Growth
    Economics and Politics, 2000, 12, (2), 155-182 View citations (196)
    See also Working Paper Corruption, Income Distribution, and Growth, CEMA Working Papers (2000) View citations (195) (2000)
70. Dynamics of income distribution
    Canadian Journal of Economics/Revue canadienne d'économique, 2000, 33, (4), 937-961 View citations (17)
    Also in Canadian Journal of Economics, 2000, 33, (4), 937-961 (2000) View citations (24)
    See also Working Paper Dynamics of Income Distribution, GE, Growth, Math methods (2002) View citations (1) (2002)
71. Explaining the changes of income distribution in China
    China Economic Review, 2000, 11, (2), 149-170 View citations (36)
    See also Working Paper Explaining the Changes of Income Distribution in China, CEMA Working Papers (2000) View citations (38) (2000)
72. 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 (10)
    See also Working Paper Foreign Aid Reduces Domestic Capital Accumulation and Increases Foreign Borrowing: A Theoretical Analysis, CEMA Working Papers (2000) View citations (10) (2000)
73. The Macroeconomic Impact of Decentralized Spending and Deficits: International Evidence
    Annals of Economics and Finance, 2000, 1, (2), 403-433 View citations (35)
    See also Working Paper The Macroeconomic Impact of Decentralized Spending and Deficits: International Evidence, CEMA Working Papers (2000) View citations (37) (2000)

1999

74. Fiscal Decentralization and Economic Growth in the United States
    Journal of Urban Economics, 1999, 45, (2), 228-239 View citations (183)
    See also Working Paper Fiscal Decentralization and Economic Growth in the United States, CEMA Working Papers (1999) View citations (188) (1999)

1998

75. Explaining International and Intertemporal Variations in Income Inequality
    Economic Journal, 1998, 108, (446), 26-43 View citations (510)
    See also Working Paper Explaining International and Intertemporal Variations in Income Inequality, CEMA Working Papers (1998) View citations (499) (1998)
76. Fiscal Decentralization and Economic Growth: A Cross-Country Study
    Journal of Urban Economics, 1998, 43, (2), 244-257 View citations (357)
    See also Working Paper Fiscal Decentralization and Economic Growth: A Cross-Country Study, CEMA Working Papers (1996) View citations (2) (1996)
77. Fiscal decentralization, public spending, and economic growth in China
    Journal of Public Economics, 1998, 67, (2), 221-240 View citations (487)
    See also Working Paper Fiscal decentralization, public spending, and economic growth in China, CEMA Working Papers (2001) View citations (46) (2001)
78. Income Inequality is not Harmful for Growth: Theory and Evidence
    Review of Development Economics, 1998, 2, (3), 318-334 View citations (349)
    See also Working Paper Income Inequality Is Not Harmful for Growth: Theory and Evidence, CEMA Working Papers (1998) View citations (359) (1998)
79. Should public capital be subsidized or provided?
    Journal of Monetary Economics, 1998, 41, (2), 319-331 View citations (54)
    See also Working Paper Should Public Capital Be Subsidized or Provided?, Macroeconomics (2002) View citations (2) (2002)
80. The spirit of capitalism, social status, money, and accumulation
    Journal of Economics, 1998, 68, (3), 219-233 View citations (31)
    See also Working Paper The spirit of capitalism, social status, money, and accumulation, CEMA Working Papers (1998) View citations (28) (1998)

1997

81. Dynamic analysis in the Viner model of mercantilism
    Journal of International Money and Finance, 1997, 16, (4), 637-651 View citations (10)
    See also Working Paper Dynamic analysis in the Viner model of mercantilism, CEMA Working Papers (1997) View citations (10) (1997)

1996

82. Taxes, Federal Grants, Local Public Spending, and Growth
    Journal of Urban Economics, 1996, 39, (3), 303-317 View citations (28)
    See also Working Paper Taxes, Federal Grants, Local Public Spending, and Growth, CEMA Working Papers (1994) (1994)
83. The composition of public expenditure and economic growth
    Journal of Monetary Economics, 1996, 37, (2-3), 313-344 View citations (624)
    See also Working Paper The composition of public expenditure and economic growth, CEMA Working Papers (1996) View citations (658) (1996)

1995

84. A dynamic model of capital and arms accumulation
    Journal of Economic Dynamics and Control, 1995, 19, (1-2), 371-393 View citations (23)
    See also Working Paper A dynamic model of capital and arms accumulation, CEMA Working Papers (1995) View citations (23) (1995)
85. The spirit of capitalism and savings behavior
    Journal of Economic Behavior & Organization, 1995, 28, (1), 131-143 View citations (96)
    See also Working Paper The spirit of capitalism and savings behavior, CEMA Working Papers (1995) View citations (95) (1995)

1994

86. 'The spirit of capitalism' and long-run growth
    European Journal of Political Economy, 1994, 10, (2), 279-293 View citations (144)
    See also Working Paper 'The spirit of capitalism' and long-run growth, CEMA Working Papers (1995) View citations (16) (1995)
87. Dynamic Effects of Federal Grants on Local Spending
    Journal of Urban Economics, 1994, 36, (1), 98-115 View citations (13)
    See also Working Paper Dynamic Effects of Federal Grants on Local Spending, CEMA Working Papers (1995) (1995)
88. On the dynamics of privatization
    China Economic Review, 1994, 5, (2), 221-233 View citations (2)
    See also Working Paper On the dynamics of privatization, CEMA Working Papers (1995) (1995)
89. 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 (6)
    See also Working Paper Short-run analysis of fiscal policy and the current account in a finite horizon model, CEMA Working Papers (1995) (1995)

1993

90. A note on the Bauer-Kornai investment cycle theory
    China Economic Review, 1993, 4, (1), 75-81 View citations (1)
    See also Working Paper A note on the Bauer-Kornai investment cycle theory, CEMA Working Papers (1995) (1995)
91. Dollarization and inflation in a two-country optimization model
    Journal of International Money and Finance, 1993, 12, (2), 209-220
    See also Working Paper Dollarization and inflation in a two-country optimization model, CEMA Working Papers (1995) View citations (3) (1995)

1991

92. Socialist economic growth and political investment cycles
    European Journal of Political Economy, 1991, 7, (2), 141-157 View citations (11)
    See also Working Paper Socialist economic growth and political investment cycles, Policy Research Working Paper Series (1991) View citations (9) (1991)

Software Items

2022

1. Code and data files for "Money, Growth, and Welfare in a Schumpeterian Model with the Spirit of Capitalism"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Money, Growth, and Welfare in a Schumpeterian Model with the Spirit of Capitalism, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2023) View citations (8) (2023)

Editor

1. Annals of Economics and Finance
   Society for AEF