The department of economics, tsinghua university, was founded in 1926. Optimal taxation in a growth model with public consumption and home production, journal of public economics 92 2008, 885896. Corporate governance and market valuation in china citeseerx. Junsen zhang is currently wei lun professor of economics in the department of economics, chinese university of hong kong. Junxi zhang, journal of asian economics 9, 1998, 467485. Jun zhang is an associate professor at university of technology sydney uts and australian research council research fellow decra. The financial and operating performance of chinese familyowned. Any one knows junxi zhang economics job market rumors. On the use of the sample partial autocorrelation for order determination in a pure autoregressive process. Annals of economics and finance, advisory board chinese journal of economics, advisory board.
Junsen zhang and junxi zhang, the effects of social security on population and output growth, southern economic journal. Optimal social security in a dynastic model with human capital externalities, fertility and endogenous growth, journal of public economics 93 2009, 605619. The william davidson institute at the university of michigan business school corporate governance and market valuation in china by. Research results, academic papers, books, and conference papers are. Pdf the effects of inflation on the number of firms and firm size. The nature and scope of economics, the characteristics of the present economic system, the evolution of economic society, the evolution of economic society, the economic development of the united states, elementary concepts, monopoly, business organization and international trade. In recent years, there has been growing interest in studying the relationship between specialization and economic progress. I am especially interested in questions broadly related to how relevant policies affect the decisions and performance of heterogeneous firms and aggregate economy. Investing in human capital for economic development in china. Spam or selfpromotional the list is spam or selfpromotional.
The users guide by hajoon chang bloomsbury press, august 2014. To purchase this ebook for personal use, or in paperback or hardback format, please visit. While the book is certainly not value free, the author is more objective and has less of a political chip on his shoulder than in previous books, 23 things they dont tell you about capitalism 2011 and bad samaritans ch, jan09, 462781. I am a professor of economics at clark university, specializing in urban and regional economics. Wendong zhang is an assistant professor in the department of economics at iowa state university since august 2015. His research program has three distinctive features. Journal of economic dynamics and control vol 22, issue 3. He doesnt know economics despite of his publications.
Two anonymous referees helped us to improve the paper considerably. Conference on econometrics and mathematical economics ceme conference on research in income and wealth criw gender in the economy study group. Curriculum vita the chinese university of hong kong. Analysis of chinese macroeconomy is a book written by fengbo zhang, a leading chinese economist.
D in economics 2017, california institute of technology associate professor of economics, institute for social and economic research, nanjing audit university. Three threats to chinas economy by zhang jun project. The first citizen of the peoples republic of china to receive a ph. This book is a reflection of the current research that explores the mechanism, dynamics and evidence of the impact of human capital on economic development and social wellbeing in modern china. This weeks seminars applied economics econometrics economic theory macroeconomics theory reading group theorymacro brown bag seminars development lunch seminars graduate research workshop ec950 swim. A catalogue record for this book is available from the british library. My research interests cover empirical io, international trade and chinese economy, with a special focus on productivity and firm dynamics.
In the model, firms post vacancies in multiple locations. We construct measures for corporate governance mechanisms and measures of market valuation for all publicly listed firms on the two stock markets in china by using data from the firms annual reports. Summer weekly meetings aea summer program seminar series graduate student seminars graduate student defenses dunaway lecture. The macroeconomic effects of the expected on the south. Corporate governance and market valuation in china chongen bai, qiao liu, joe lu, frank m. Song, and junxi zhang william davidson working paper number 564 may 2003 corporate governance and market valuation in china chongen bai, qiao liu, joe lu, frank m. A theoretical and empirical analysis, journal of political economy, august 1999 107 4. Inappropriate the list including its title or description facilitates illegal activity, or contains hate speech or ad hominem attacks on a fellow goodreads member or author. Free economics books download ebooks online textbooks. This paper develops and estimates a spatial general equilibrium job search model to study the effects of local and universal federal minimum wage policies. Fengbo zhang introduced western economics to china and advised top chinese leaders in policymaking.
In recent years, there has been growing interest in studying the relationship between specialization and. Moodyskmv economics of the bank and of the loan book 4 introduction over the last decade there have been two major developments in commercial banking. Hongsong zhang assistant professor, faculty of business and economics, university of hong kong hku associate director, institute for china and global development icgd, hku phd in economics, penn state university research interest. Abstract and key results while existing studies often use sectorlevel data to explain the phenomenal growth of the chinese private sector, this paper complements the literature by using firmlevel data to conduct a comparative study of performance between familyowned and stateowned firms in china. Corporate governance and firm valuations in china chongen bai, qiao liu, joe lu, frank m. He is particularly interested in developing applied econometric models to answer the realworld environmental and resource policy questions. Junxi zhang is lecturer in economics at the university of dundee. Environmental sustainability, nonlinear dynamics and chaos. Pdf corporate governance and market valuation in china. Associate professor, university of hong kong and chinese academy of finance and development. Junfu zhang professor of economics at clark university. Taking a population comprising listed firms for the period 19992004, we analyze financial. Optimal dividend payouts under jumpdiffusion risk processes with jiezhong zou and zhenzhong zhang.
This paper studies the relationship between the governance mechanisms and the market valuation of publicly listed firms in china empirically. The macroeconomic effects of the expected on the south african economy. Zhang jun is dean of the school of economics at fudan university and director. Yifan zhang, chinese university of hong kong jockey club school of public health and primary care, new. The financial and operating performance of chinese familyowned listed firms1. Song, and junxi zhang faculty of business and economics the university of hong kong april 2002 first version november 2002 revised version abstract. For both formats the functionality available will depend on how you access the ebook via bookshelf online in your browser or via the bookshelf app on your pc or mobile. Incorrect book the list contains an incorrect book please specify the title of the book. We show that if peoples concerns towards greener preferences and the maintenance efficiency relative to degradation are not sufficiently high, cyclically or chaotically fluctuating equilibria are more. This book develops a new theoretical framework to examine the issues of economic growth and development. Timeseries econometrics, optimal test, financial econometrics primary advisor. Junjie zhang is director of the environmental research center and the international master of environmental policy imep program at duke kunshan university, associate professor of environmental economics in the nicholas school of the environment at duke university. This paper studies the possibility of nonlinear dynamics in a simple overlapping generations model with the environment the johnpecchenino 1994 model.
Pdf the effects of inflation on the number of firms and. Zhang works in the field of environmental and resource economics. Correspondence to ding yuan or zhang hua or zhang junxi. Many economists share the view that the welfare costs of moderate rates of money growthcuminflation are generally modest or small. In an endogenous growth model endogenous fertility, a neomalthusian relation emerges only when all exogenous variables are controlled for. Further results on the finitesample distribution of montis portmanteau test for the. His research both theoretical and empirical has focused on the economics of family behaviour, including crime, fertility, marriage, education, intergenerational transfers, marital transfers, gender bias, and oldage support pensions.
A typical money and growth model generally incorporates an implicit assumption that the number of firms or the set of. My research interests include urbanization in china, regional development, entrepreneurship and job creation, hightech industrial clusters, and racial housing segregation. Junxi zhang associate professor, university of hong kong and chinese academy of finance and development, central university of finance and economics, hong kong, china. Junxi zhang on the other hand is more like a traditional chinese government official. Song, and junxi zhang faculty of business and economics the university of hong kong april 2002 first version april 2003 revised version abstract this paper studies the relationship between the governance mechanisms and the market. He is a very good scholar, despite in an administrative position. Johannes van biesebroeck professor economics, ku leuven verified email at kuleuven. Junsen zhang and junxi zhang, social security, intergenerational transfers, and endogenous growth, canadian journal of economics, november 1998 315. When we used the markettobook ratio in our empirical work, results were similar. Yipa, junxi zhangb department of economics, the chinese university of hong kong, shatin, n. Elsevier economics letters 52 1996 319324 economic letters population growth and economic growth. Zhang is currently wei lun professor of economics in the department of economics, the chinese university of hong kong. Zhang is also affiliated with center for agricultural and rural development card.
Distributional effects of local minimum wage hikes. Hongsong zhangdepartment of economics, pennsylvania state university. A monte carlo study and empirical example with andy kwan, applied economics letters 12, 2005, 39. The financial and operating performance of chinese family. Hua zhang lecturer of finance, chinaeurope international business school, shanghai, china. This line of research, as exemplified in the pioneering work of yang and ng 1993, is a revival and formal extension of adam smiths 1776 and allyn youngs 1928 proposition that increases in the division of labour will create economic growth. Economic growth theory capital, knowledge, and economic. Song and junxi zhang the university of hong kong school of economics and finance, the university of hong kong school of economics and finance, the university of hong kong school of business, the university of hong kong school of economics and finance and the university of hong kong school. Investing in human capital for economic development in china liu, gordon guoen, zhang, shufang, zhang, zongyi on.
Modeling indonesian agriculture for policy analysis. Fixed investment and economic growth in china with andy kwan and junxi zhang, economics of planning 31, 1999, 6779. Junxi zhang this paper introduces monopolistic competition and increasing returns to scale into a monetary real business cycle rbc model to reestimate the welfare costs of inflation. Policy analysis in a dynamic model with endogenous. My primary research interests are in the areas of microeconometrics, applied econometrics, and network economics. Phd thesis entitled applied game theory and optimal mechanism design. Policy analysis in a dynamic model with endogenous specialization, in. Professor lei zhangs research focuses on economics of education, public economics. Before joining uts, he was an associate professor at shanghai university of finance and economics.
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