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.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

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