CEMA Working Papers
From China Economics and Management Academy, Central University of Finance and Economics Contact information at EDIRC. Bibliographic data for series maintained by Qiang Gao (). Access Statistics for this working paper series.
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- 460: Competitive Equilibria of Economies with a Continuum of Consumers and Aggregate Shocks

- Jianjun Miao
- 459: Investment, Consumption, and Hedging under Incomplete Markets

- Jianjun Miao and Neng Wang
- 456: Asset pricing and the Modigliani-Miller theorem with the spirit of capitalism

- Jizheng Huang and Heng-Fu Zou
- 455: Does FDI Promote Human Capital Accumulation? The Role of Gradual Financial Liberalization

- Qichun He
- 452: Endogenous Timing in a Mixed Duopoly with Endogenous Vertical Differentiation

- Lin Liu and Yuanzhu Lu
- 440: Optimal Capital Structure and Industry Dynamics

- Jianjun Miao
- 439: Capital Structure, Credit Risk, and Macroeconomic Conditions

- Dirk Hackbarth, Jianjun Miao and Erwan Morellec
- 438: Ambiguity, Learning, and Asset Returns

- Nengjiu Ju and Jianjun Miao
- 437: Patent Protection, Technological Change and Wage Inequality

- Shiyuan Pan, Heng-Fu Zou and Tailong Li
- 433: Short-Run Analysis of Income Fluctuation and Optimum Foreign Borrowing in the Bardhan-Pitchford Model

- Heng-Fu Zou
- 432: Foreign Asset Accumulation and Macroeconomic Policies in a Model of Mercantilism

- Heng-Fu Zou
- 431: Land Taxation in China: Assessment of Prospects for Politically and Economically Sustainable Reform

- Denis Nitikin, Ashley Chunli Shen, Qian Wang and Heng-Fu Zou
- 430: Water Service Delivery Reform in China: Safeguarding the Interests of the Poor

- Denis Nitikin, Ashley Chunli Shen, Qian Wang and Heng-Fu Zou
- 409: A Note on Entrepreneurial Risk, Capital Market Imperfections, and Heterogeneity

- Yulei Luo, Liutang Gong and Heng-Fu Zou
- 408: Stochastic Growth with the Social-Status Concern: The Existence of a Unique Stable Distribution

- Liutang Gong, Zhao Xiaojun and Heng-Fu Zou
- 392: Multiple Equilibria and Indeterminacy in an Optimal Growth Model with Endogenous Capital Depreciation

- Gaowang Wang and Heng-Fu Zou
- 391: Directed Technological Change: A Knowledge-Based Model

- Shiyuan Pan, Heng-Fu Zou and Tailong Li
- 373: Optimal Military Spending, Trade and Stochastic Economic Growth

- Deng-Shan Wang, Yan Wang, Yifang Liu and Heng-Fu Zou
- 372: Social Status, the Spirit of Capitalism, and the Term Structure of Interest Rates in Stochastic Production Economies

- Liutang Gong, Yulei Luo and Heng-Fu Zou
- 371: Social Status, the Spirit of Capitalism, and the Term Structure of Interest Rates
- Liutang Gong, Yulei Luo and Heng-Fu Zou
- 333: Transfers-based Decentralization, Local Endowment and Public Employment: A theoretical inquiry and empirical evidence from China

- Fei Yuan, Ran Tao, Zhigang Xu, Mingxing Liu, Heng-Fu Zou and Chunli Shen
- 332: Intertemporal Portfolio Choice under Multiple Types of Event Risks

- Du Du and Heng-Fu Zou
- 331: Stock Return Dynamics under Earnings Management

- Xiaotong Wang and Heng-Fu Zou
- 330: Fiscal Decentralization and Public Services Provision in China

- Chunli Shen, Zhao Xiaojun and Heng-Fu Zou
- 329: Expenditure Assignments in China: Challenges and Policy Options, Public Finance

- Jorge Martinez-Vazquez, Baoyun Qiao, Shuilin Wang and Heng-Fu Zou
- 309: Foreign Aid, Public Spending, Optimal Fiscal and Monetary Policies, and Long-Run Growth

- Liutang Gong, Yuzhe Zhang and Heng-Fu Zou
- 294: "Race to the Bottom" Competition by Negotiated Land Leasing: an institutional analysis and empirical evidence from Chinese cities

- Ran Tao, Fei Yuan, Mingxing Liu and Heng-Fu Zou
- 293: Technical Choice in Political Perspective: Rethinking How Elites Selected Economic Strategy After WW II

- Shiyuan Pan, Qi Zhang, Mingxing Liu and Heng-Fu Zou
- 292: Returns to education, productivity, and economic growth in China

- Qinghua Zhang and Heng-Fu Zou
- 278: China Decentralization Finance Issues

- Shuilin Wang, Zhao Xiaojun and Heng-Fu Zou
- 277: International asset pricing with alternative distributional specifications

- Campbell Harvey and Guofu Zhou
- 276: Measuring the Pricing Error of the Arbitrage Pricing Theory

- John Geweke and Guofu Zhou
- 275: Estimating and testing beta pricing models: Alternative methods and their performance in simulations

- Jay Shanken and Guofu Zhou
- 274: The Spirit of Capitalism, Precautionary Savings, and Consumption

- Yulei Luo, William Smith and Heng-Fu Zou
- 273: Fiscal Decentralization in China: History, Impact, Challenges and Next Steps

- Ashley Chunli Shen, Jing Jin and Heng-Fu Zou
- 252: China: Regional Disparities In Poverty Distribution

- Ashley Chunli Shen and Heng-Fu Zou
- 212: Fiscal decentralization, revenue and expenditure assignments, and growth in China

- Jing Jin and Heng-Fu Zou
- 192: Regional Disparities of Educational Attainment in China

- Anwar Shah, Qinghua Zhang and Heng-Fu Zou
- 191: Product Innovation, Capital Accumulation, and Endogenous Growth

- Heng-Fu Zou
- 169: Fiscal decentralization, revenue and expenditure assignments, and growth in China

- Jing Jin and Heng-Fu Zou
- 151: A Fiscal Federalism Approach to Optimal Taxation and Intergovernmental Transfers in a Dynamic Model

- Liutang Gong and Heng-Fu Zou
- 132: Soft Budget Constraints on Local Government in China

- Jing Jin and Heng-Fu Zou
- 109: Fiscal Decentralization and Economic Growth in the United States

- Danyang Xie, Heng-Fu Zou and Hamid Davoodi
- 103: Fiscal Policies in a Stochastic Model with Hyperbolic Discounting

- Liutang Gong and Heng-Fu Zou
- 102: Fiscal Policies in a Finite Horizon Model with the Spirit of Capitalism

- Liutang Gong and Heng-Fu Zou
- 101: Optimal design of federal grants to localities

- Heng-Fu Zou
- 100: Dynamic analysis in the Viner model of mercantilism

- Heng-Fu Zou
- 99: The spirit of capitalism, social status, money, and accumulation

- Heng-Fu Zou
- 98: Fiscal Decentralization and Economic Growth: A Cross-Country Study

- Hamid Davoodi and Heng-Fu Zou
- 97: A note on the Bauer-Kornai investment cycle theory

- Heng-Fu Zou
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