CEMA Working Papers

From China Economics and Management Academy, Central University of Finance and Economics
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536: China's lagging region development and targeted transportation infrastructure investments

Xubei Luo, Nong Zhu and Heng-Fu Zou

535: Regional Differences in China's Urbanization and its Determinants

Nong Zhu, Xubei Luo and Heng-Fu Zou

534: On the efficiency of monetary and fiscal policy in open economies

Chan Wang and Heng-Fu Zou

533: A Stationary Markov Equilibrium in an OLG Model

Zhixiang Zhang and Heng-Fu Zou

532: The Z-Transform Method for Multidimensional Dynamic Economic Systems

Xiaoyong Cui, Liutang Gong, Zhao Xiaojun and Heng-Fu Zou

531: Capital Accumulation And Present-biased Preference

Peng Wang and Heng-Fu Zou

530: International Macroeconomic Policy: When Wealth Affects People's Impatience

Peng Wang and Heng-Fu Zou

529: When Wealth Affects People's Impatience

Peng Wang and Heng-Fu Zou

528: A Review on "The Unintended Consequences"

Heng-Fu Zou

527: A preliminary analysis of intergovernment transfers in Romania

Richard Bird and Heng-Fu Zou

526: Local Government Finance in South Africa

William Fox and Heng-Fu Zou

525: Power Dynamics: Multiple Equilibria, Cyclical Fluctuations, and Local Stability in Intertemporal General Equilibrium Models

Gong Guan and Heng-Fu Zou

524: Public Expenditures, Taxes, Federal Transfers, and Endogenous Growth

Liutang Gong and Heng-Fu Zou

523: Studies on Macroeconomics

Heng-Fu Zou

522: Public Finance, Growth, and Dynamic Economic Analysis

Heng-Fu Zou

521: Fiscal Decentralization, the Composition of Public Spending, and Regional Growth in India

Tao Zhang and Heng-Fu Zou

520: The Fogel Approach to Health and Growth

Dihai Wang and Heng-Fu Zou

519: Canada's and Russia's Experiences with Land Taxation Reform: Lessons for China

Denis Nitikin, Ashley Chunli Shen and Heng-Fu Zou

518: Regional Inequality in Contemporary China

Qinghua Zhang and Heng-Fu Zou

517: Health Care System Reform in China: Issues, Challenges and Options

Rong Hu, Ashley Chunli Shen and Heng-Fu Zou

513: What do governments buy?

Shantayanan Devarajan, Vinaya Swaroop and Heng-Fu Zou

512: A New Data Set Measuring Income Inequality

Klaus Deininger and Lyn Squire

511: The Spirit of Capitalism and Stock-Market Prices

Gurdip Bakshi and Zhiwu Chen

510: Impact of Bt Cotton in China

Carl Pray, Danmeng Ma, Jikun Huang and Fangbin Qiao

509: Biotechnology as an alternative to chemical pesticides: a case study of Bt cotton in China

Jikun Huang, Ruifa Hu, Carl Pray, Fangbin Qiao and Scott Rozelle

508: Decentralized Spending and Central Government Deficits: International Evidence

F. Fornasari, Steve B. Webb and Heng-Fu Zou

507: The Choice of Capacity in Mixed Duopoly under Demand Uncertainty

Yuanzhu Lu and Sougata Poddar

506: Endogenous Timing in a Mixed Oligopoly with Foreign Competitors: the Linear Demand Case

Yuanzhu Lu

505: Determinants of Economic Growth in a Panel of Countries

Robert Barro

504: Speculative Trading and Stock Prices: Evidence from Chinese A-B Share Premia

Jianping Mei, Jose Scheinkman and Wei Xiong

503: What Determines Expected International Asset Returns?

Campbell Harvey, Bruno Solnik and Guofu Zhou

502: The Spirit of Capitalism, Savings, Asset Pricing and Growth

Heng-Fu Zou

501: Charity, The Spirit of Capitalism and Wealth Accumulation

Heng-Fu Zou

500: Taxes, Goverment Spending and Growth

Heng-Fu Zou

499: Optimal Taxation of Foreign Capital Income in a Growing Economy with Different Gevernments

Heng-Fu Zou

498: Optimal Foreign Asset Accumulation and Wealth Effects

Heng-Fu Zou

497: "The Spirit of Capitalism" and Monetary Growth

Heng-Fu Zou

496: Optimal Management of Indexed and Nominal Debt

Robert Barro

495: Mixed oligopoly and the choice of capacity

Yuanzhu Lu and Sougata Poddar

494: Effects of Growth and Volatility in Public Expenditures on Economic Growth: Theory and Evidence

Liutang Gong and Heng-Fu Zou

493: Finance and Income Inequality: Test of Alternative Theories

George Clarke, Lixin Xu and Heng-Fu Zou

492: 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

Anwar Shah, Theresa Thompson and Heng-Fu Zou

491: Consumption and Risk with hyperbolic discounting

Liutang Gong, William Smith and Heng-Fu Zou

490: Fiscal Decentralization and Peasants' Financial Burden in China

Jing Jin, Ashley Chunli Shen and Heng-Fu Zou

489: Finance and Income Inequality: What Do the Data Tell Us?

George Clarke, Lixin Xu and Heng-Fu Zou

488: Fiscal Federalism, Public Capital Formation, and Endogenous Growth

Liutang Gong and Heng-Fu Zou

487: Savings and Income Distribution

Hongyi Li and Heng-Fu Zou

486: Asset Prices and Hyperbolic Discounting

Liutang Gong, William Smith and Heng-Fu Zou

485: Poverty and Inequality in Sub-Saharan Africa: Literature Survey and Empirical Assessment

Delfin Go, Denis Nikitin, Xiongjian Wang and Heng-Fu Zou

484: The Spirit of Capitalism and Excess Smoothness

Yulei Luo, William Smith and Heng-Fu Zou