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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...

    Chuan-Zhong Li, Karl-Gustaf Löfgren in Letters in Spatial and Resource Sciences (2010)

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    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...

    Chuan-Zhong Li, Karl-Gustaf Löfgren in Letters in Spatial and Resource Sciences (2012)

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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...

    Zaijun Li, Jianquan Cheng, Qiyan Wu in Letters in Spatial and Resource Sciences (2016)

  4. 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...

    **n Li in Letters in Spatial and Resource Sciences (2022)

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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...

    Chu Wei, Ying Xu, Chuan-Zhong Li in Letters in Spatial and Resource Sciences (2022)

  6. Article

    Open Access

    The 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...

    **aoxuan Zhang, Chao Li, John Gibson in Letters in Spatial and Resource Sciences (2024)

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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...

    Jiaqi Li in Letters in Spatial and Resource Sciences (2024)