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Article
A note on the theory of investment: Hotelling’s rule under process independence
This note shows that the well-known Hotelling rule holds for a wider class of capital investment projects satisfying the property of process independence. Optimality behavior is therefore not a necessary condi...
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Article
Genuine saving under stochastic growth
The concept of genuine saving has in recent years become widely accepted as a dynamic welfare indicator, which first appeared in Weitzman (Q. J. Econ. 99:1–13, 1976) and then formalized by Pearce and Atkinson (Ec...
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Article
Analyzing regional economic development patterns in a fast develo** province of China through geographically weighted principal component analysis
Understanding the spatial structure of regional economic development is of importance for regional planning and provincial development strategy making. Taking Jiangsu Province in the economically richest Yangt...
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Article
Dynamic spillovers between U.S. climate policy uncertainty and global foreign exchange markets: the pass-through effect of crude oil prices
This study aims to investigate the time-varying spillover effects of the U.S. climate policy uncertainty (U.S. CPU) shock on crude oil prices and exchange rates by utilizing the DCC-GARCH connectedness approac...
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Article
Recent advances in China’s sustainable transition studies
The world is confronted with increasing uncertainty and divisive threats to a sustainable global transition. Deglobalization is driving economic decoupling, and the pandemic is further preventing social exchan...
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Article
Open AccessThe role of spillovers when evaluating regional development interventions: evidence from administrative upgrading in China
Direct effects of regional development interventions on targeted areas may be amplified by positive spillovers from elsewhere or offset by negative spillovers. Yet spillovers are often ignored in the applied l...
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Article
Exploring the spatially heterogeneous impact of digital financial inclusion on rural economic development in China using remote sensing data and the MGWR model
Against the deteriorating urban-rural gap background, digital financial inclusion has offered the chance for rural areas to emerge from the economic downturn. Based on the data from 1907 counties in China, thi...