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Liutang Gong

Personal Details

First Name:Liutang
Middle Name:
Last Name:Gong
Suffix:
RePEc Short-ID:pgo58
Guanghua School of Management, Peking University Beijing, 100871, China
(8610)62757768
Terminal Degree: (from RePEc Genealogy)

Affiliation

Department of Applied Economics
Guanghua School of Management
Peking University

Beijing, China
http://www.gsm.pku.edu.cn/economics/index.html

:


RePEc:edi:dapkucn (more details at EDIRC)

Research output

as
Jump to: Working papers Articles

Working papers

  1. Liutang Gong & Chan Wang & Heng-fu Zou, 2017. "Optimal Exchange-Rate Policy in a Model of Local-Currency Pricing with Vertical Production and Trade," CEMA Working Papers 603, China Economics and Management Academy, Central University of Finance and Economics.
  2. Liutang Gong & Chan Wang & Fuyang Zhao & Heng-fu Zou, 2017. "Land-price dynamics and macroeconomic fluctuations with nonseparable preferences," CEMA Working Papers 605, China Economics and Management Academy, Central University of Finance and Economics.
  3. Liutang Gong & Chan Wang & Heng-fu Zou, 2016. "Optimal monetary policy with international trade in intermediate inputs," CEMA Working Papers 604, China Economics and Management Academy, Central University of Finance and Economics.
  4. Gong, Liutang & Zou, Heng-fu, 2012. "Foreigh Asset Accumulation and Macroeconomic Policies," MPRA Paper 37431, University Library of Munich, Germany.
  5. Gong, Liutang & Zou, Heng-fu, 2012. "Risk-taking, fiscal policies, asset pricing, and stochastic growth with the spirit of capitalism," MPRA Paper 37426, University Library of Munich, Germany.
  6. Liutang Gong & Ruquan Zhong & Heng-fu Zou, 2012. "On the concavity of the consumption function with the time varying discount rate," CEMA Working Papers 559, China Economics and Management Academy, Central University of Finance and Economics.
  7. Xiaoyong Cui & Liutang Gong & Xiaojun Zhao & Heng-fu Zou, 2012. "The Z-Transform Method for Multidimensional Dynamic Economic Systems," CEMA Working Papers 532, China Economics and Management Academy, Central University of Finance and Economics.
  8. Liutang Gong & Heng-fu Zou, 2011. "Fiscal Federalism, Public Capital Formation, and Endogenous Growth," CEMA Working Papers 488, China Economics and Management Academy, Central University of Finance and Economics.
  9. Liutang Gong & Hongyi Li & Dihai Wang & Heng-fu Zou, 2011. "Health, Taxes, and Growth," CEMA Working Papers 482, China Economics and Management Academy, Central University of Finance and Economics.
  10. Liutang Gong & Heng-fu Zou, 2011. "Effects of Growth and Volatility in Public Expenditures on Economic Growth: Theory and Evidence," CEMA Working Papers 494, China Economics and Management Academy, Central University of Finance and Economics.
  11. Liutang Gong & Heng-fu Zou, 2011. "Public Expenditures, Taxes, Federal Transfers, and Endogenous Growth," CEMA Working Papers 524, China Economics and Management Academy, Central University of Finance and Economics.
  12. Heng-fu Zou & Liutang Gong & Xinsheng Zeng, 2011. "Inflation Aversion," CEMA Working Papers 481, China Economics and Management Academy, Central University of Finance and Economics.
  13. Liutang Gong & William Smith & Heng-fu Zou, 2011. "Asset Prices and Hyperbolic Discounting," CEMA Working Papers 486, China Economics and Management Academy, Central University of Finance and Economics.
  14. Liutang Gong & Xiaojun Zhao & Heng-fu Zou, 2010. "Stochastic Growth with the Social-Status Concern: The Existence of a Unique Stable Distribution," CEMA Working Papers 408, China Economics and Management Academy, Central University of Finance and Economics.
  15. Yulei Luo & Liutang Gong & Heng-fu Zou, 2010. "A Note on Entrepreneurial Risk, Capital Market Imperfections, and Heterogeneity," CEMA Working Papers 409, China Economics and Management Academy, Central University of Finance and Economics.
  16. Liutang Gong & Yulei Luo & Heng-fu Zou, 2009. "Social Status, the Spirit of Capitalism, and the Term Structure of Interest Rates," CEMA Working Papers 371, China Economics and Management Academy, Central University of Finance and Economics.
  17. Liutang Gong & Yulei Luo & Heng-fu Zou, 2009. "Social Status, the Spirit of Capitalism, and the Term Structure of Interest Rates in Stochastic Production Economies," CEMA Working Papers 372, China Economics and Management Academy, Central University of Finance and Economics.
  18. Liutang Gong & Yuzhe Zhang & Heng-fu Zou, 2008. "Foreign Aid, Public Spending, Optimal Fiscal and Monetary Policies, and Long-Run Growth," CEMA Working Papers 309, China Economics and Management Academy, Central University of Finance and Economics.
  19. Liutang Gong & William Smith & Heng-fu Zou, 2007. "Consumption and Risk with hyperbolic discounting," CEMA Working Papers 491, China Economics and Management Academy, Central University of Finance and Economics.
  20. Liutang Gong & Nianqing Liu & Heng-fu Zou, 2006. "A Dynamic Model with Endogenous Retirement: Existence of Multiple Steady States," CEMA Working Papers 561, China Economics and Management Academy, Central University of Finance and Economics.
  21. Liutang Gong & Heng-fu Zou, 2003. "A Fiscal Federalism Approach to Optimal Taxation and Intergovernmental Transfers in a Dynamic Model," CEMA Working Papers 151, China Economics and Management Academy, Central University of Finance and Economics.
  22. Liutang Gong & Heng-fu Zou, 2001. "Money, social status, and capital accumulation in a cash-in-advance model," CEMA Working Papers 55, China Economics and Management Academy, Central University of Finance and Economics.
  23. Liutang Gong & Heng-fu Zou, 2001. "Direct preferences for wealth, the risk premium puzzle, growth, and policy effectiveness," CEMA Working Papers 53, China Economics and Management Academy, Central University of Finance and Economics.
  24. Liutang Gong & Heng-fu Zou, 2001. "Foreign Aid Reduces Labor Supply and Capital Accumulation," CEMA Working Papers 56, China Economics and Management Academy, Central University of Finance and Economics.
  25. Liutang Gong & Heng-fu Zou, 2001. "Optimal taxation and intergovernmental transfer in a dynamic model with multiple levels of government," CEMA Working Papers 54, China Economics and Management Academy, Central University of Finance and Economics.
  26. Liutang Gong & Heng-fu Zou, 2001. "Military spending and stochastic growth," CEMA Working Papers 57, China Economics and Management Academy, Central University of Finance and Economics.
  27. Liutang Gong & Heng-fu Zou, 1999. "Foreign Aid Reduces Domestic Capital Accumulation and Increases Foreign Borrowing: A Theoretical Analysis," CEMA Working Papers 8, China Economics and Management Academy, Central University of Finance and Economics, revised Apr 2000.
  28. Liutang Gong & Heng-fu Zou, 1998. "Fiscal Policies in a Finite Horizon Model with the Spirit of Capitalism," CEMA Working Papers 102, China Economics and Management Academy, Central University of Finance and Economics.
  29. Liutang Gong & Heng-fu Zou, 1998. "Fiscal Policies in a Stochastic Model with Hyperbolic Discounting," CEMA Working Papers 103, China Economics and Management Academy, Central University of Finance and Economics.

Articles

  1. Gong, Liutang & Wang, Chan & Zhao, Fuyang & Zou, Heng-fu, 2017. "Land-price dynamics and macroeconomic fluctuations with nonseparable preferences," Journal of Economic Dynamics and Control, Elsevier, vol. 83(C), pages 149-161.
  2. Liutang Gong & Chan Wang & Heng-fu Zou, 2017. "Optimal Exchange-Rate Policy in a Model of Local-Currency Pricing with Vertical Production and Trade," Open Economies Review, Springer, vol. 28(1), pages 125-147, February.
  3. Gong, Liutang & Wang, Chan & Zou, Heng-fu, 2016. "Optimal monetary policy with international trade in intermediate inputs," Journal of International Money and Finance, Elsevier, vol. 65(C), pages 140-165.
  4. Xiaoyong Cui & Liutang Gong, 2015. "The Risk-Free Rate In A Finite Horizon Model With Bequests," Bulletin of Economic Research, Wiley Blackwell, vol. 67(2), pages 105-114, April.
  5. Jinkai Li & Jin Zhang & Liutang Gong & Pei Miao, 2015. "The Spatial and Temporal Distribution of Coal Resource and its Utilization in China — Based on Space Exploration Analysis Technique ESDA," Energy & Environment, , vol. 26(6-7), pages 1099-1113, November.
  6. Xiaoyong Cui & Liutang Gong & Xiaojun Zhao & Heng-fu Zou, 2013. "The Z -transform method for multidimensional dynamic economic systems," Applied Economics Letters, Taylor & Francis Journals, vol. 20(11), pages 1081-1088, July.
  7. Gong, Liutang & Wang, Wei, 2013. "The Z-Transform And Comparative Dynamics In Discrete-Time Models," Macroeconomic Dynamics, Cambridge University Press, vol. 17(01), pages 155-171, January.
  8. Gong, Liutang & Li, Hongyi & Wang, Dihai, 2012. "Health investment, physical capital accumulation, and economic growth," China Economic Review, Elsevier, vol. 23(4), pages 1104-1119.
  9. Gong, Liutang & Zhong, Ruquan & Zou, Heng-fu, 2012. "On the concavity of the consumption function with the time varying discount rate," Economics Letters, Elsevier, vol. 117(1), pages 99-101.
  10. Liutang Gong & Nianqing Liu, 2012. "A Note On “A One-Sector Neoclassical Growth Model With Endogenous Retirement”: Existence Of Multiple Steady States," The Japanese Economic Review, Japanese Economic Association, vol. 63(4), pages 557-569, December.
  11. Heng-fu Zou & Liutang Gong & Xinsheng Zeng, 2011. "Inflation Aversion," Annals of Economics and Finance, Society for AEF, vol. 12(1), pages 1-11, May.
  12. Liutang Gong & Heng‐Fu Zou, 2011. "Public Expenditures, Taxes, Federal Transfers, and Endogenous Growth," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 13(6), pages 973-991, December.
  13. Liutang Gong & Hongyi Li & Dihai Wang & Heng-fu Zou, 2010. "Health, Taxes, and Growth," Annals of Economics and Finance, Society for AEF, vol. 11(1), pages 73-94, May.
  14. Luo, Yulei & Gong, Liutang & Zou, Heng-fu, 2010. "A Note On Entrepreneurial Risk, Capital Market Imperfections, And Heterogeneity," Macroeconomic Dynamics, Cambridge University Press, vol. 14(02), pages 269-284, April.
  15. Gong, Liutang & Zhao, Xiaojun & Yang, Yunhong & Hengfu, Zou, 2010. "Stochastic growth with social-status concern: The existence of a unique stable distribution," Journal of Mathematical Economics, Elsevier, vol. 46(4), pages 505-518, July.
  16. Chengliang Yan & Liutang Gong, 2009. "Government expenditure, taxation and long-run growth," Frontiers of Economics in China, Springer;Higher Education Press, vol. 4(4), pages 505-525, December.
  17. Cui, Xiaoyong & Gong, Liutang, 2008. "Foreign aid, domestic capital accumulation, and foreign borrowing," Journal of Macroeconomics, Elsevier, vol. 30(3), pages 1269-1284, September.
  18. Liutang Gong, 2008. "Social status, inflation uncertainty and growth in a cash-in-advance economy," International Economic Journal, Taylor & Francis Journals, vol. 22(3), pages 299-314.
  19. Xiaoyong Cui & Liutang Gong & Ziguan Zhuang, 2008. "Macroeconomic Policies and Foreign Asset Accumulation in a Finite-Horizon Model," Annals of Economics and Finance, Society for AEF, vol. 9(2), pages 293-313, November.
  20. Fang Zhou & Liutang Gong & Yaping Wang, 2008. "Mean Reversion and Consumption Smoothing: A Comment," Annals of Economics and Finance, Society for AEF, vol. 9(2), pages 397-399, November.
  21. Cui, Xiaoyong & Gong, Liutang & Yang, Jianfang & Zou, Heng-fu, 2008. "Marshallian time preferences and monetary non-neutrality," Economic Modelling, Elsevier, vol. 25(6), pages 1196-1205, November.
  22. Liutang Gong & William Smith & Heng-fu Zou, 2007. "Asset Prices and Hyperbolic Discounting," Annals of Economics and Finance, Society for AEF, vol. 8(2), pages 397-414, November.
  23. Gong, Liutang & Smith, William & Zou, Heng-fu, 2007. "Consumption and Risk with hyperbolic discounting," Economics Letters, Elsevier, vol. 96(2), pages 153-160, August.
  24. Gong Liutang & Zhu Shenghao, 2006. "Does observational equivalence always hold in hyperbolic discounting models?," Economics Bulletin, AccessEcon, vol. 5(8), pages 1-8.
  25. Xiaoyong, Cui & Gong, Liutang, 2006. "Laplace transform methods for linearizing multidimensional systems," Economics Letters, Elsevier, vol. 90(2), pages 176-182, February.
  26. Gong Liutang & Xie Danyang, 2006. "Factor Mobility and Dispersion in Marginal Products: A Case on China," Frontiers of Economics in China, Higher Education Press, vol. 1(1), pages 1-13, March.
  27. YIN Heng & GONG Liutang & ZOU Heng-fu, 2006. "Income inequality and economic growth¡ª¡ªthe Kuznets curve revisited," Frontiers of Economics in China, Higher Education Press, vol. 1(2), pages 196-206, June.
  28. Liutang Gong, 2006. "Endogenous Time Preference, Inflation, and Capital Accumulation," Journal of Economics, Springer, vol. 87(3), pages 241-255, April.
  29. Liutang Gong & Heng-fu Zou, 2003. "Fiscal Federalism, Public Capital Formation, and Endogenous Growth," Annals of Economics and Finance, Society for AEF, vol. 4(2), pages 471-490, November.
  30. Gong, Liutang & Zou, Heng-fu, 2003. "Military spending and stochastic growth," Journal of Economic Dynamics and Control, Elsevier, vol. 28(1), pages 153-170, October.
  31. Liutang Gong, 2003. "Comments on `Dynamics of income distribution'," Canadian Journal of Economics, Canadian Economics Association, vol. 36(4), pages 1026-1033, November.
  32. Liutang Gong & Heng-fu Zou, 2002. "Effects of Growth and Volatility in Public Expenditures on Economic Growth: Theory and Evidence," Annals of Economics and Finance, Society for AEF, vol. 3(2), pages 379-406, November.
  33. Gong, Liutang & Zou, Heng-fu, 2002. "Direct preferences for wealth, the risk premium puzzle, growth, and policy effectiveness," Journal of Economic Dynamics and Control, Elsevier, vol. 26(2), pages 247-270, February.
  34. Gong, Liutang & Zou, Heng-fu, 2002. "Optimal taxation and intergovernmental transfer in a dynamic model with multiple levels of government," Journal of Economic Dynamics and Control, Elsevier, vol. 26(12), pages 1975-2003, October.
  35. Gong, Liutang & Zou, Heng-fu, 2001. "Foreign Aid Reduces Labor Supply and Capital Accumulation," Review of Development Economics, Wiley Blackwell, vol. 5(1), pages 105-118, February.
  36. Gong, Liutang & Zou, Heng-Fu, 2001. "Money, Social Status, and Capital Accumulation in a Cash-in-Advance Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 33(2), pages 284-293, May.
  37. Liutang Gong & Heng-fu Zou, 2000. "Foreign Aid Reduces Domestic Capital Accumulation and Increases Foreign Borrowing: A Theoretical Analysis," Annals of Economics and Finance, Society for AEF, vol. 1(1), pages 147-163, May.

    RePEc:bla:rdevec:v:5:y:2001:i:1:p:105-118 is not listed on IDEAS

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Author Profile
    1. The REPEC Fantasy League and My Initial Endowment of Economists
      by Matthew Kahn in Environmental and Urban Economics on 2015-07-26 23:22:00

Working papers

  1. Liutang Gong & Chan Wang & Fuyang Zhao & Heng-fu Zou, 2017. "Land-price dynamics and macroeconomic fluctuations with nonseparable preferences," CEMA Working Papers 605, China Economics and Management Academy, Central University of Finance and Economics.

    Cited by:

    1. Jensen, Henrik & Ravn, Søren Hove & Santoro, Emiliano, 2015. "Changing Credit Limits, Changing Business Cycles," CEPR Discussion Papers 10462, C.E.P.R. Discussion Papers.

  2. Liutang Gong & Chan Wang & Heng-fu Zou, 2016. "Optimal monetary policy with international trade in intermediate inputs," CEMA Working Papers 604, China Economics and Management Academy, Central University of Finance and Economics.

    Cited by:

    1. Barnett, William A. & Wang, Chan & Wang, Xue & Wu, Liyuan, 2018. "What inflation measure should a currency union target?," MPRA Paper 87035, University Library of Munich, Germany.
    2. Liutang Gong & Chan Wang & Heng-fu Zou, 2017. "Optimal Exchange-Rate Policy in a Model of Local-Currency Pricing with Vertical Production and Trade," CEMA Working Papers 603, China Economics and Management Academy, Central University of Finance and Economics.
    3. Dieudonné Mignamissi, 2018. "Monnaie unique et intégration par le marché en Afrique: le cas de la CEEAC et de la CEDEAO," African Development Review, African Development Bank, vol. 30(1), pages 71-85, March.
    4. Pierre-Richard Agénor & Pengfei Jia, 2017. "Macroprudential Policy Coordination in a Currency Union'," Centre for Growth and Business Cycle Research Discussion Paper Series 235, Economics, The Univeristy of Manchester.

  3. Liutang Gong & Heng-fu Zou, 2011. "Fiscal Federalism, Public Capital Formation, and Endogenous Growth," CEMA Working Papers 488, China Economics and Management Academy, Central University of Finance and Economics.

    Cited by:

    1. Johannes Fedderke & Željko Bogetic, 2005. "Infrastructure and Growth in South Africa: Direct and Indirect Productivity Impacts of 19 Infrastructure Measures," Working Papers 39, Economic Research Southern Africa.
    2. Jorge Martinez-Vazquez & Santiago Lago-Peñas & Agnese Sacchi, 2015. "The Impact of Fiscal Decentralization: A Survey," Working papers 29, Società Italiana di Economia Pubblica.
    3. Ramiro Gil-Serrate & Julio López-Laborda, "undated". "Modelling Tax Decentralisation And Regional Growth," Working Papers 14-05 Classification-JEL , Instituto de Estudios Fiscales.
    4. Wang, Chan, 2012. "A very preliminary survey on growth and development," MPRA Paper 39037, University Library of Munich, Germany.
    5. Zou, Heng-fu, 2012. "Optimal design of intergovernmental grants in a dynamic model," MPRA Paper 37427, University Library of Munich, Germany.
    6. Dai, Darong, 2011. "Wealth Martingale and Neighborhood Turnpike Property in Dynamically Complete Market with Heterogeneous Investors," MPRA Paper 46416, University Library of Munich, Germany.
    7. Wang, Zhiguo & Ma, Liang, 2012. "New Development of Fiscal Decentralization in China," MPRA Paper 36918, University Library of Munich, Germany.
    8. Zhiguo Wang & Liang Ma, 2014. "Fiscal Decentralization in China: A Literature Review," Annals of Economics and Finance, Society for AEF, vol. 15(1), pages 51-65, May.
    9. Juncheng Feng & Rui Hao & Yang Li & Kezhong Zhang, 2012. "The Effect of Leadership Transition on Government Expenditure: Evidence from China," Annals of Economics and Finance, Society for AEF, vol. 13(1), pages 91-112, May.
    10. Darong Dai, 2012. "Stochastic Versions of Turnpike Theorems in the Sense of Uniform Topology," Annals of Economics and Finance, Society for AEF, vol. 13(2), pages 381-423, November.

  4. Liutang Gong & Hongyi Li & Dihai Wang & Heng-fu Zou, 2011. "Health, Taxes, and Growth," CEMA Working Papers 482, China Economics and Management Academy, Central University of Finance and Economics.

    Cited by:

    1. Lorenz, Olga & Goerke, Laszlo, 2015. "Commuting and Sickness Absence," Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113173, Verein für Socialpolitik / German Economic Association.
    2. Hess, Tim & Andersson, Ulrika & Mena, Carlos & Williams, Adrian, 2015. "The impact of healthier dietary scenarios on the global blue water scarcity footprint of food consumption in the UK," Food Policy, Elsevier, vol. 50(C), pages 1-10.
    3. Alexander Golub & Michael Toman, 2016. "Climate Change, Industrial Transformation, and “Environmental Growth Traps”," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 63(2), pages 249-263, February.
    4. Wang, Chan, 2012. "A very preliminary survey on growth and development," MPRA Paper 39037, University Library of Munich, Germany.
    5. Chakravarty, Sugato & Pylypiv, Mariya I., 2015. "The Role of Subsidization and Organizational Status on Microfinance Borrower Repayment Rates," World Development, Elsevier, vol. 66(C), pages 737-748.
    6. Golub, Alexander & Toman, Michael, 2014. "Climate change, industrial transformation, and"development traps"," Policy Research Working Paper Series 6951, The World Bank.
    7. Barnes, Andrew J. & Unruh, Lynn & Chukmaitov, Askar & van Ginneken, Ewout, 2014. "Accountable care organizations in the USA: Types, developments and challenges," Health Policy, Elsevier, vol. 118(1), pages 1-7.

  5. Liutang Gong & Heng-fu Zou, 2011. "Effects of Growth and Volatility in Public Expenditures on Economic Growth: Theory and Evidence," CEMA Working Papers 494, China Economics and Management Academy, Central University of Finance and Economics.

    Cited by:

    1. Dai, Darong, 2011. "Modeling the minimum time needed to economic maturity," MPRA Paper 40583, University Library of Munich, Germany, revised 08 Aug 2012.
    2. Agnese Sacchi & Simone Salotti, 2014. "The influence of decentralized taxes and intergovernmental grants on local spending volatility," Working Papers. Collection A: Public economics, governance and decentralization 1405, Universidade de Vigo, GEN - Governance and Economics research Network.
    3. Po‐Sheng Lin & Cheng‐Te Lee, 2012. "Military Spending, Threats And Stochastic Growth," Bulletin of Economic Research, Wiley Blackwell, vol. 64(1), pages 8-19, January.
    4. Wang, Chan, 2012. "A very preliminary survey on growth and development," MPRA Paper 39037, University Library of Munich, Germany.
    5. Afonso, António & Furceri, Davide, 2010. "Government size, composition, volatility and economic growth," European Journal of Political Economy, Elsevier, vol. 26(4), pages 517-532, December.
    6. Juncheng Feng & Rui Hao & Yang Li & Kezhong Zhang, 2012. "The Effect of Leadership Transition on Government Expenditure: Evidence from China," Annals of Economics and Finance, Society for AEF, vol. 13(1), pages 91-112, May.

  6. Liutang Gong & Heng-fu Zou, 2011. "Public Expenditures, Taxes, Federal Transfers, and Endogenous Growth," CEMA Working Papers 524, China Economics and Management Academy, Central University of Finance and Economics.

    Cited by:

    1. Liutang Gong & Heng-fu Zou, 2003. "Fiscal Federalism, Public Capital Formation, and Endogenous Growth," Annals of Economics and Finance, Society for AEF, vol. 4(2), pages 471-490, November.
    2. Hsun Chu & Ching-Chong Lai & Chu-Chuan Cheng, 2015. "Tax Havens, Growth, and Welfare," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 17(6), pages 802-823, December.
    3. Liutang Gong & Heng-fu Zou, 1998. "Fiscal Policies in a Finite Horizon Model with the Spirit of Capitalism," CEMA Working Papers 102, China Economics and Management Academy, Central University of Finance and Economics.

  7. Heng-fu Zou & Liutang Gong & Xinsheng Zeng, 2011. "Inflation Aversion," CEMA Working Papers 481, China Economics and Management Academy, Central University of Finance and Economics.

    Cited by:

    1. Gaowang Wang & Heng-fu Zou, 2011. "Inflation Aversion and the Optimal Inflation Tax," CEMA Working Papers 480, China Economics and Management Academy, Central University of Finance and Economics.

  8. Liutang Gong & William Smith & Heng-fu Zou, 2011. "Asset Prices and Hyperbolic Discounting," CEMA Working Papers 486, China Economics and Management Academy, Central University of Finance and Economics.

    Cited by:

    1. Wang, Haijun, 2017. "Robust asset pricing with stochastic hyperbolic discounting," Finance Research Letters, Elsevier, vol. 21(C), pages 178-185.
    2. Palacios Huerta, Ignacio & Pérez Kakabadse, Alonso, 2013. "Consumption and portfolio rules whit stochastic hyperbolic discounting," IKERLANAK Ikerlanak;2013-72, Universidad del País Vasco - Departamento de Fundamentos del Análisis Económico I.
    3. Junfeng Qiu, 2011. "Bank money, aggregate liquidity, and asset prices," Annals of Economics and Finance, Society for AEF, vol. 12(2), pages 295-346, November.

  9. Liutang Gong & Xiaojun Zhao & Heng-fu Zou, 2010. "Stochastic Growth with the Social-Status Concern: The Existence of a Unique Stable Distribution," CEMA Working Papers 408, China Economics and Management Academy, Central University of Finance and Economics.

    Cited by:

    1. Takashi Kamihigashi & John Stachurski, 2011. "Existence, Stability and Computation of Stationary Distributions: An Extension of the Hopenhayn-Prescott Theorem," Discussion Paper Series DP2011-32, Research Institute for Economics & Business Administration, Kobe University.
    2. Kamihigashi, Takashi & Stachurski, John, 2014. "Stochastic stability in monotone economies," Theoretical Economics, Econometric Society, vol. 9(2), May.
    3. Wang, Haijun, 2016. "Precautionary saving demand and consumption dynamics with the spirit of capitalism and regime switching," Journal of Mathematical Economics, Elsevier, vol. 64(C), pages 48-65.

  10. Yulei Luo & Liutang Gong & Heng-fu Zou, 2010. "A Note on Entrepreneurial Risk, Capital Market Imperfections, and Heterogeneity," CEMA Working Papers 409, China Economics and Management Academy, Central University of Finance and Economics.

    Cited by:

    1. Federico Esposito, 2016. "Risk Diversification and International Trade," 2016 Meeting Papers 302, Society for Economic Dynamics.

  11. Liutang Gong & Yuzhe Zhang & Heng-fu Zou, 2008. "Foreign Aid, Public Spending, Optimal Fiscal and Monetary Policies, and Long-Run Growth," CEMA Working Papers 309, China Economics and Management Academy, Central University of Finance and Economics.

    Cited by:

    1. Olufemi Saibu & Felix Obioesio, 2017. "Foreign Aid, Fiscal Optimality and Economic Growth in Nigeria," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 67(4), pages 85-99, October-D.

  12. Liutang Gong & William Smith & Heng-fu Zou, 2007. "Consumption and Risk with hyperbolic discounting," CEMA Working Papers 491, China Economics and Management Academy, Central University of Finance and Economics.

    Cited by:

    1. Lukasz Balbus & Kevin Reffett & Lukasz Wozny, 2016. "On uniqueness of time-consistent Markov policies for quasi-hyperbolic consumers under uncertainty," Working Papers 2016-020, Warsaw School of Economics, Collegium of Economic Analysis.
    2. Y. Hossein Farzin & Ronald Wendner, 2013. "Saving Rate Dynamics in the Neoclassical Growth Model – Hyperbolic Discounting and Observational Equivalence," Working Papers 2013.42, Fondazione Eni Enrico Mattei.
    3. Palacios Huerta, Ignacio & Pérez Kakabadse, Alonso, 2013. "Consumption and portfolio rules whit stochastic hyperbolic discounting," IKERLANAK Ikerlanak;2013-72, Universidad del País Vasco - Departamento de Fundamentos del Análisis Económico I.
    4. Łukasz Balbus & Kevin Reffett & Łukasz Woźny, 2015. "Time consistent Markov policies in dynamic economies with quasi-hyperbolic consumers," International Journal of Game Theory, Springer;Game Theory Society, vol. 44(1), pages 83-112, February.
    5. Orlando Gomes & Alexandra Ferreira-Lopes & Tiago Sequeira, 2014. "Exponential discounting bias," Journal of Economics, Springer, vol. 113(1), pages 31-57, September.
    6. Liutang Gong & William Smith & Heng-fu Zou, 2007. "Asset Prices and Hyperbolic Discounting," Annals of Economics and Finance, Society for AEF, vol. 8(2), pages 397-414, November.
    7. Amanda King & John King, 2011. "Golden eggs versus plastic eggs: hyperbolic preferences and the persistence of debit," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 35(1), pages 93-103, January.
    8. Zou, Ziran & Chen, Shou & Wedge, Lei, 2014. "Finite horizon consumption and portfolio decisions with stochastic hyperbolic discounting," Journal of Mathematical Economics, Elsevier, vol. 52(C), pages 70-80.
    9. Greene, David L., 2011. "Uncertainty, loss aversion, and markets for energy efficiency," Energy Economics, Elsevier, vol. 33(4), pages 608-616, July.

  13. Liutang Gong & Heng-fu Zou, 2001. "Money, social status, and capital accumulation in a cash-in-advance model," CEMA Working Papers 55, China Economics and Management Academy, Central University of Finance and Economics.

    Cited by:

    1. Richard M. H. Suen, 2012. "Time Preference and the Distribution of Wealth and Income," Working papers 2012-01, University of Connecticut, Department of Economics.
    2. Yulei Luo & William T. Smith & Heng-fu Zou, 2006. "The Spirit of Capitalism, Precautionary Savings, and Consumption," CEMA Working Papers 274, China Economics and Management Academy, Central University of Finance and Economics.
    3. Ryu‐ichiro Murota & Yoshiyasu Ono, 2011. "Growth, Stagnation And Status Preference," Metroeconomica, Wiley Blackwell, vol. 62(1), pages 122-149, February.
    4. Qian Yang & Kaiping Peng & Xueya Zhou & Ruoqiao Zheng & Wanhua Peng, 2013. "The Monetary Effect of Power: How Perception of Power Affects Monetary Value Judgments in China and US," Annals of Economics and Finance, Society for AEF, vol. 14(1), pages 69-83, May.
    5. Yulei Luo & William T. Smith & Heng-fu Zou, 2009. "The Spirit of Capitalism and Excess Smoothness," Annals of Economics and Finance, Society for AEF, vol. 10(2), pages 281-301, November.
    6. Dimitrios Varvarigos & Nikolaos Kontogiannis, 2017. "Entrepreneurial Status, Social Norms, and Economic Growth," Discussion Papers in Economics 17/05, Department of Economics, University of Leicester.
    7. Been-Lon Chen & Mei Hsu & Chia-Hui Lu, 2007. "Status and Multiple Growth Regimes," IEAS Working Paper : academic research 07-A010, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    8. Shu-Hua Chen, 2012. "On the Growth and Stability Effects of Habit Formation and Durability in Consumption," Annals of Economics and Finance, Society for AEF, vol. 13(2), pages 283-298, November.
    9. Smith, William & Son, Young Seob, 2005. "Can the desire to conserve our natural resources be self-defeating?," Journal of Environmental Economics and Management, Elsevier, vol. 49(1), pages 52-67, January.
    10. Aristotelis Boukouras, 2016. "Capitalist Spirit and the Markets: Why Income Inequality Matters," Discussion Papers in Economics 16/16, Department of Economics, University of Leicester.
    11. Wang, Peng-fei & Wen, Yi, 2006. "Another look at sticky prices and output persistence," Journal of Economic Dynamics and Control, Elsevier, vol. 30(12), pages 2533-2552, December.
    12. Kawagishi, Taketo & Kaminoyama, Ken-ichi, 2014. "Cash-in-advance constraint with status and endogenous growth," MPRA Paper 55946, University Library of Munich, Germany.
    13. Liutang Gong & William Smith & Heng-fu Zou, 2007. "Asset Prices and Hyperbolic Discounting," Annals of Economics and Finance, Society for AEF, vol. 8(2), pages 397-414, November.
    14. Kaminoyama, Ken-ichi & Kawagishi, Taketo, 2012. "Cash-in-advance constraint with status in a neoclassical growth model," MPRA Paper 38382, University Library of Munich, Germany.
    15. Been-Lon Chen & Mei Hsu & Chia-Hui Lu, 2007. "Inflation and Growth: Impatience and a Qualitative Equivalence," IEAS Working Paper : academic research 07-A007, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    16. Jin, Ye & Li, Hongbin & Wu, Binzhen, 2011. "Income inequality, consumption, and social-status seeking," Journal of Comparative Economics, Elsevier, vol. 39(2), pages 191-204, June.
    17. Chen, Hung-Ju, 2011. "Social Status, Human Capital Formation and the Long-run Effects of Money," MPRA Paper 30253, University Library of Munich, Germany.
    18. Liutang Gong & Yulei Luo & Heng-fu Zou, 2009. "Social Status, the Spirit of Capitalism, and the Term Structure of Interest Rates in Stochastic Production Economies," CEMA Working Papers 372, China Economics and Management Academy, Central University of Finance and Economics.
    19. Chen, Hung-Ju, 2011. "Social status and long-run effects of monetary policy in a two-sector monetary economy of endogenous growth," Mathematical Social Sciences, Elsevier, vol. 61(1), pages 71-79, January.
    20. Heng-fu Zou & Liutang Gong & Xinsheng Zeng, 2011. "Inflation Aversion," Annals of Economics and Finance, Society for AEF, vol. 12(1), pages 1-11, May.
    21. Kenc, Turalay & Dibooglu, Sel, 2007. "The spirit of capitalism, asset pricing and growth in a small open economy," Journal of International Money and Finance, Elsevier, vol. 26(8), pages 1378-1402, December.
    22. Cui, Xiaoyong & Gong, Liutang & Yang, Jianfang & Zou, Heng-fu, 2008. "Marshallian time preferences and monetary non-neutrality," Economic Modelling, Elsevier, vol. 25(6), pages 1196-1205, November.
    23. Hung-Ju Chen & Jang-Ting Guo, 2009. "Social Status And The Growth Effect Of Money," The Japanese Economic Review, Japanese Economic Association, vol. 60(1), pages 133-141.
    24. Chen, Hung- Ju, 2011. "Social status, human capital formation and super-neutrality in a two-sector monetary economy," Economic Modelling, Elsevier, vol. 28(3), pages 785-794, May.
    25. Hung-Ju Chen & Jang-Ting Guo, 2009. "Money and Endogenous Growth in a Cash-in-Advance Model with Social Status," Working Papers 200906, University of California at Riverside, Department of Economics, revised Jun 2009.
    26. Liutang Gong, 2008. "Social status, inflation uncertainty and growth in a cash-in-advance economy," International Economic Journal, Taylor & Francis Journals, vol. 22(3), pages 299-314.
    27. Liutang Gong & Heng-fu Zou, 1998. "Fiscal Policies in a Finite Horizon Model with the Spirit of Capitalism," CEMA Working Papers 102, China Economics and Management Academy, Central University of Finance and Economics.

  14. Liutang Gong & Heng-fu Zou, 2001. "Direct preferences for wealth, the risk premium puzzle, growth, and policy effectiveness," CEMA Working Papers 53, China Economics and Management Academy, Central University of Finance and Economics.

    Cited by:

    1. Richard M. H. Suen, 2012. "Time Preference and the Distribution of Wealth and Income," Working papers 2012-01, University of Connecticut, Department of Economics.
    2. Yulei Luo & William T. Smith & Heng-fu Zou, 2006. "The Spirit of Capitalism, Precautionary Savings, and Consumption," CEMA Working Papers 274, China Economics and Management Academy, Central University of Finance and Economics.
    3. Martin Boileau & Michel Normandin, 2005. "Closing International Real Business Cycle Models with Restricted Financial Markets," Cahiers de recherche 0506, CIRPEE.
    4. Qiang Zhang, 2006. "The Spirit of Capitalism and Asset Pricing: an Empirical Investigation (Subsequently published in "The B.E. Journal of Macroeconomics (Topics in Macroeconomics)", 2006, Vol. 6, Issue 3, Arti," CARF F-Series CARF-F-069, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    5. Eric R. Young, 2004. "The Wealth Distribution and the Demand for Status," Macroeconomics 0410008, University Library of Munich, Germany.
    6. Louis Kaplow, 2009. "Utility from Accumulation," NBER Working Papers 15595, National Bureau of Economic Research, Inc.
    7. Qiang Zhang, 2006. "The Spirit of Capitalism and Asset Pricing: an Empirical Investigation," CIRJE F-Series CIRJE-F-428, CIRJE, Faculty of Economics, University of Tokyo.
    8. Qian Yang & Kaiping Peng & Xueya Zhou & Ruoqiao Zheng & Wanhua Peng, 2013. "The Monetary Effect of Power: How Perception of Power Affects Monetary Value Judgments in China and US," Annals of Economics and Finance, Society for AEF, vol. 14(1), pages 69-83, May.
    9. Christian Bayer & Klaus Waelde, 2011. "Existence, Uniqueness and Stability of Invariant Distributions in Continuous-Time Stochastic Models," Working Papers 1111, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz, revised 21 Jul 2011.
    10. Danyang Xie, 2002. "Explicit Transitional Dynamics in Growth Models," GE, Growth, Math methods 0207003, University Library of Munich, Germany.
    11. Dreyer, Johannes K. & Schneider, Johannes & Smith, William T., 2013. "Saving-based asset-pricing," Journal of Banking & Finance, Elsevier, vol. 37(9), pages 3704-3715.
    12. Yulei Luo & William T. Smith & Heng-fu Zou, 2009. "The Spirit of Capitalism and Excess Smoothness," Annals of Economics and Finance, Society for AEF, vol. 10(2), pages 281-301, November.
    13. Haijun Wang & L. Steven Hou, 2015. "Robust Consumption and Portfolio Choice with Habit Formation, the Spirit of Capitalism and Recursive Utility," Annals of Economics and Finance, Society for AEF, vol. 16(2), pages 393-416, November.
    14. Pascal St-Amour, 2005. "Direct Preference Wealth in Aggregate Household Portfolios," FAME Research Paper Series rp136, International Center for Financial Asset Management and Engineering.
    15. Smith, William & Son, Young Seob, 2005. "Can the desire to conserve our natural resources be self-defeating?," Journal of Environmental Economics and Management, Elsevier, vol. 49(1), pages 52-67, January.
    16. Takashi Kamihigashi, 2008. "The spirit of capitalism, stock market bubbles and output fluctuations," International Journal of Economic Theory, The International Society for Economic Theory, vol. 4(1), pages 3-28.
    17. Pascal St-Amour, 2005. "Direct Preference for Wealth in Aggregate Household Portfolio," Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP) 05.04, Université de Lausanne, Faculté des HEC, DEEP.
    18. Marco Airaudo, 2017. "Complex stock price dynamics under Max Weber’s spirit of capitalism hypothesis," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 64(1), pages 47-73, June.
    19. Liutang Gong & Xiaojun Zhao & Heng-fu Zou, 2010. "Stochastic Growth with the Social-Status Concern: The Existence of a Unique Stable Distribution," CEMA Working Papers 408, China Economics and Management Academy, Central University of Finance and Economics.
    20. Panayiotis Petrakis & Stylianos Kotsios, 2005. "The dynamics of structural change under risk influence," Economics Bulletin, AccessEcon, vol. 15(7), pages 1-8.
    21. Wang, Haijun, 2016. "Precautionary saving demand and consumption dynamics with the spirit of capitalism and regime switching," Journal of Mathematical Economics, Elsevier, vol. 64(C), pages 48-65.
    22. Pascal St-Amour, 2004. "Ratchet vs Blasé Investors and Asset Markets," CIRANO Working Papers 2004s-11, CIRANO.
    23. Liutang Gong & William Smith & Heng-fu Zou, 2007. "Asset Prices and Hyperbolic Discounting," Annals of Economics and Finance, Society for AEF, vol. 8(2), pages 397-414, November.
    24. Liutang Gong & Yulei Luo & Heng-fu Zou, 2009. "Social Status, the Spirit of Capitalism, and the Term Structure of Interest Rates in Stochastic Production Economies," CEMA Working Papers 372, China Economics and Management Academy, Central University of Finance and Economics.
    25. Thi Kim Cuong PHAM, 2004. "Wealth distribution, endogenous fiscal policy and growth: status-seeking implications," Working Papers of BETA 2004-11, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    26. Kenc, Turalay & Dibooglu, Sel, 2007. "The spirit of capitalism, asset pricing and growth in a small open economy," Journal of International Money and Finance, Elsevier, vol. 26(8), pages 1378-1402, December.
    27. Pham, Thi Kim Cuong, 2005. "Economic growth and status-seeking through personal wealth," European Journal of Political Economy, Elsevier, vol. 21(2), pages 407-427, June.
    28. Klaus Wälde, 2009. "Production Technologies in Stochastic Continuous Time Models," CESifo Working Paper Series 2831, CESifo Group Munich.
    29. Gong, Liutang & Zhao, Xiaojun & Yang, Yunhong & Hengfu, Zou, 2010. "Stochastic growth with social-status concern: The existence of a unique stable distribution," Journal of Mathematical Economics, Elsevier, vol. 46(4), pages 505-518, July.
    30. Gong, Liutang & Zou, Heng-fu, 2012. "Risk-taking, fiscal policies, asset pricing, and stochastic growth with the spirit of capitalism," MPRA Paper 37426, University Library of Munich, Germany.
    31. Qin Wang & Yiheng Zou & Yu Ren & Zhuo Huang, 2015. "The Spirit of Capitalism and the Equity Premium," Annals of Economics and Finance, Society for AEF, vol. 16(2), pages 493-513, November.
    32. Liutang Gong & Heng-fu Zou, 1998. "Fiscal Policies in a Finite Horizon Model with the Spirit of Capitalism," CEMA Working Papers 102, China Economics and Management Academy, Central University of Finance and Economics.

  15. Liutang Gong & Heng-fu Zou, 2001. "Foreign Aid Reduces Labor Supply and Capital Accumulation," CEMA Working Papers 56, China Economics and Management Academy, Central University of Finance and Economics.

    Cited by:

    1. Xuan Changyong & Sun Jun & Yan Chen, 2012. "Foreign debt, economic growth and economic crisis," Journal of Chinese Economic and Foreign Trade Studies, Emerald Group Publishing, vol. 5(2), pages 157-167, June.
    2. James, Ang, 2009. "Financial Liberalization and the Aid-Growth Relationship in India," MPRA Paper 14411, University Library of Munich, Germany.
    3. Xayavong, Vilaphonh & Gounder, Rukmani & Obben, James, 2005. "Theoretical Analysis Of Foreign Aid, Policies And State Institutions," Discussion Papers 23704, Massey University, Department of Applied and International Economics.
    4. Cui, Xiaoyong & Gong, Liutang, 2008. "Foreign aid, domestic capital accumulation, and foreign borrowing," Journal of Macroeconomics, Elsevier, vol. 30(3), pages 1269-1284, September.
    5. Tiwari Aviral Kumar, 2011. "Foreign Aid, FDI, Economic Freedom and Economic Growth in Asian Countries," Global Economy Journal, De Gruyter, vol. 11(3), pages 1-28, September.
    6. Puja Guha, 2014. "Economics of Migration and Remittances: A Review Article," Working Papers id:5618, eSocialSciences.
    7. Wenli Cheng & Dingsheng Zhang & Heng-fu Zou, 2008. "The Effects of Foreign Aid on the Creation and Distribution of Wealth," Annals of Economics and Finance, Society for AEF, vol. 9(2), pages 223-237, November.
    8. Philip Ifeakachukwu Nwosa & Temidayo Oladiran Akinbobola, 2016. "Capital Inflows and Economic Growth in Nigeria: The Role of Macroeconomic Policies," African Development Review, African Development Bank, vol. 28(3), pages 277-290, September.
    9. Ojiambo Elphas & Jacob Oduor & Mburu Tom & Wawire Nelson, 2015. "Working Paper 226 - Aid Unpredictability and Economic Growth in Kenya," Working Paper Series 2169, African Development Bank.
    10. James McHugh & Theodora Kosma & Dimitri G Demekas, 2002. "The Economics of Post Conflict Aid," IMF Working Papers 02/198, International Monetary Fund.
    11. Wenli Cheng & Dingsheng Zhang & Heng-Fu Zou, 2006. "THE EFFECTS OF FOREIGN AID ON THE CREATION AND DISTRIBUTION OF WEALTH Wenli Cheng, Dingsheng Zhang and Heng-Fu Zou," Monash Economics Working Papers 10/06, Monash University, Department of Economics.
    12. Liutang Gong & Heng-fu Zou, 2000. "Foreign Aid Reduces Domestic Capital Accumulation and Increases Foreign Borrowing: A Theoretical Analysis," Annals of Economics and Finance, Society for AEF, vol. 1(1), pages 147-163, May.
    13. Limodio, Nicola, 2011. "The impact of pro-vulnerable income transfers : Leisure, dependency and a distribution hypothesis," Policy Research Working Paper Series 5881, The World Bank.
    14. James B. Ang, 2010. "Does Foreign Aid Promote Growth? Exploring the Role of Financial Liberalization," Review of Development Economics, Wiley Blackwell, vol. 14(2), pages 197-212, May.

  16. Liutang Gong & Heng-fu Zou, 2001. "Optimal taxation and intergovernmental transfer in a dynamic model with multiple levels of government," CEMA Working Papers 54, China Economics and Management Academy, Central University of Finance and Economics.

    Cited by:

    1. Liutang Gong & Heng-fu Zou, 2003. "Fiscal Federalism, Public Capital Formation, and Endogenous Growth," Annals of Economics and Finance, Society for AEF, vol. 4(2), pages 471-490, November.
    2. Ramiro Gil-Serrate & Julio López-Laborda, "undated". "Modelling Tax Decentralisation And Regional Growth," Working Papers 14-05 Classification-JEL , Instituto de Estudios Fiscales.
    3. Zou, Heng-fu, 2012. "Optimal design of intergovernmental grants in a dynamic model," MPRA Paper 37427, University Library of Munich, Germany.
    4. Raúl A. Ponce Rodríguez & Ikuho Kochi & Luis E. Gutiérrez Casas, 2015. "The structure of political power and redistribution in economies with multiple governments," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 30(2), pages 269-303.
    5. Yutao Han & Zhen Song, 2017. "On regional integration, fiscal income, and GDP per capita," CEMA Working Papers 600, China Economics and Management Academy, Central University of Finance and Economics.
    6. Liutang Gong & Heng-fu Zou, 1998. "Fiscal Policies in a Finite Horizon Model with the Spirit of Capitalism," CEMA Working Papers 102, China Economics and Management Academy, Central University of Finance and Economics.

  17. Liutang Gong & Heng-fu Zou, 2001. "Military spending and stochastic growth," CEMA Working Papers 57, China Economics and Management Academy, Central University of Finance and Economics.

    Cited by:

    1. Deng-Shan Wang & Yan Wang & Yifang Liu & Heng-fu Zou, 2009. "Optimal Military Spending, Trade and Stochastic Economic Growth," CEMA Working Papers 373, China Economics and Management Academy, Central University of Finance and Economics.
    2. Li, Anpeng, 2012. "Nuclear Arms Race and Environment," MPRA Paper 43883, University Library of Munich, Germany.
    3. Po‐Sheng Lin & Cheng‐Te Lee, 2012. "Military Spending, Threats And Stochastic Growth," Bulletin of Economic Research, Wiley Blackwell, vol. 64(1), pages 8-19, January.
    4. J Paul Dunne & Ron Smith & Dirk Willenbockel, 2004. "Models of Military Expenditure and Growth: A Critical Review," Working Papers 0408, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
    5. Janmaat, John A & Ruijs, Arjan, 2006. "Investing in Arms to Secure Water," MPRA Paper 10667, University Library of Munich, Germany.
    6. Kwamie Dunbar, 2009. "Stochastic Business Cycle Volatilities, Capital Accumulation and Economic Growth: Lessons from the Global Credit Market Crisis," Working papers 2009-36, University of Connecticut, Department of Economics.
    7. Cheng-te Lee & Shang-fen Wu, 2015. "Military Spending and Stochastic Growth: A Small Open Economy," Economics Bulletin, AccessEcon, vol. 35(4), pages 2026-2036.
    8. Klaus Wälde, 2009. "Production Technologies in Stochastic Continuous Time Models," CESifo Working Paper Series 2831, CESifo Group Munich.

  18. Liutang Gong & Heng-fu Zou, 1999. "Foreign Aid Reduces Domestic Capital Accumulation and Increases Foreign Borrowing: A Theoretical Analysis," CEMA Working Papers 8, China Economics and Management Academy, Central University of Finance and Economics, revised Apr 2000.

    Cited by:

    1. Cui, Xiaoyong & Gong, Liutang, 2008. "Foreign aid, domestic capital accumulation, and foreign borrowing," Journal of Macroeconomics, Elsevier, vol. 30(3), pages 1269-1284, September.
    2. Wenli Cheng & Dingsheng Zhang & Heng-fu Zou, 2008. "The Effects of Foreign Aid on the Creation and Distribution of Wealth," Annals of Economics and Finance, Society for AEF, vol. 9(2), pages 223-237, November.
    3. Dai, Darong, 2011. "Stochastic Versions of Turnpike Theorems in the Sense of Uniform Topology," MPRA Paper 40216, University Library of Munich, Germany.
    4. Darong Dai, 2013. "Wealth Martingale and Neighborhood Turnpike Property In Dynamically Complete Market With Heterogeneous Investors," Economic Research Guardian, Weissberg Publishing, vol. 3(2), pages 86-110, December.
    5. Dai, Darong, 2011. "Wealth Martingale and Neighborhood Turnpike Property in Dynamically Complete Market with Heterogeneous Investors," MPRA Paper 46416, University Library of Munich, Germany.
    6. Wenli Cheng & Dingsheng Zhang & Heng-Fu Zou, 2006. "THE EFFECTS OF FOREIGN AID ON THE CREATION AND DISTRIBUTION OF WEALTH Wenli Cheng, Dingsheng Zhang and Heng-Fu Zou," Monash Economics Working Papers 10/06, Monash University, Department of Economics.
    7. Heng-fu Zou, 2011. "Foreign Asset Accumulation and Macroeconomic Policies in a Model of Mercantilism," CEMA Working Papers 432, China Economics and Management Academy, Central University of Finance and Economics.
    8. Mayr, Karin, 2010. "Optimal Deficit and Debt in the Presence of Foreign Aid," World Development, Elsevier, vol. 38(1), pages 19-27, January.
    9. Darong Dai, 2012. "Stochastic Versions of Turnpike Theorems in the Sense of Uniform Topology," Annals of Economics and Finance, Society for AEF, vol. 13(2), pages 381-423, November.

  19. Liutang Gong & Heng-fu Zou, 1998. "Fiscal Policies in a Stochastic Model with Hyperbolic Discounting," CEMA Working Papers 103, China Economics and Management Academy, Central University of Finance and Economics.

    Cited by:

    1. Liutang Gong & William Smith & Heng-fu Zou, 2007. "Asset Prices and Hyperbolic Discounting," Annals of Economics and Finance, Society for AEF, vol. 8(2), pages 397-414, November.

Articles

  1. Gong, Liutang & Wang, Chan & Zhao, Fuyang & Zou, Heng-fu, 2017. "Land-price dynamics and macroeconomic fluctuations with nonseparable preferences," Journal of Economic Dynamics and Control, Elsevier, vol. 83(C), pages 149-161.
    See citations under working paper version above.
  2. Gong, Liutang & Wang, Chan & Zou, Heng-fu, 2016. "Optimal monetary policy with international trade in intermediate inputs," Journal of International Money and Finance, Elsevier, vol. 65(C), pages 140-165.
    See citations under working paper version above.
  3. Gong, Liutang & Li, Hongyi & Wang, Dihai, 2012. "Health investment, physical capital accumulation, and economic growth," China Economic Review, Elsevier, vol. 23(4), pages 1104-1119.

    Cited by:

    1. Chiara Canta & Pierre Pestieau & Emmanuel Thibault, 2016. "Long-term care and capital accumulation: the impact of the State, the market and the family," Post-Print hal-01343357, HAL.
    2. Gang Chen & Brett Inder & Bruce Hollingsworth, 2014. "Health Investment And Economic Output In Regional China," Contemporary Economic Policy, Western Economic Association International, vol. 32(2), pages 261-274, April.
    3. Alper Aslan & Angeliki Menegaki & Can Tugcu, 2016. "Health and economic growth in high-income countries revisited: evidence from an augmented production function for the period 1980–2009," Quality & Quantity: International Journal of Methodology, Springer, vol. 50(2), pages 937-953, March.
    4. Nadide Sevil Halıcı-Tülüce & İbrahim Doğan & Cüneyt Dumrul, 2016. "Is income relevant for health expenditure and economic growth nexus?," International Journal of Health Economics and Management, Springer, vol. 16(1), pages 23-49, March.

  4. Liutang Gong & Nianqing Liu, 2012. "A Note On “A One-Sector Neoclassical Growth Model With Endogenous Retirement”: Existence Of Multiple Steady States," The Japanese Economic Review, Japanese Economic Association, vol. 63(4), pages 557-569, December.

    Cited by:

    1. Mizuno, Masakatsu & Yakita, Akira, 2013. "Elderly labor supply and fertility decisions in aging-population economies," Economics Letters, Elsevier, vol. 121(3), pages 395-399.
    2. Hirazawa, Makoto & Yakita, Akira, 2017. "Labor supply of elderly people, fertility, and economic development," Journal of Macroeconomics, Elsevier, vol. 51(C), pages 75-96.

  5. Heng-fu Zou & Liutang Gong & Xinsheng Zeng, 2011. "Inflation Aversion," Annals of Economics and Finance, Society for AEF, vol. 12(1), pages 1-11, May.
    See citations under working paper version above.
  6. Liutang Gong & Heng‐Fu Zou, 2011. "Public Expenditures, Taxes, Federal Transfers, and Endogenous Growth," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 13(6), pages 973-991, December.
    See citations under working paper version above.
  7. Liutang Gong & Hongyi Li & Dihai Wang & Heng-fu Zou, 2010. "Health, Taxes, and Growth," Annals of Economics and Finance, Society for AEF, vol. 11(1), pages 73-94, May.
    See citations under working paper version above.
  8. Luo, Yulei & Gong, Liutang & Zou, Heng-fu, 2010. "A Note On Entrepreneurial Risk, Capital Market Imperfections, And Heterogeneity," Macroeconomic Dynamics, Cambridge University Press, vol. 14(02), pages 269-284, April.
    See citations under working paper version above.
  9. Gong, Liutang & Zhao, Xiaojun & Yang, Yunhong & Hengfu, Zou, 2010. "Stochastic growth with social-status concern: The existence of a unique stable distribution," Journal of Mathematical Economics, Elsevier, vol. 46(4), pages 505-518, July.

    Cited by:

    1. Takashi Kamihigashi & John Stachurski, 2011. "Stability of Stationary Distributions in Monotone Economies," ANU Working Papers in Economics and Econometrics 2011-561, Australian National University, College of Business and Economics, School of Economics.
    2. Wang, Haijun, 2016. "Precautionary saving demand and consumption dynamics with the spirit of capitalism and regime switching," Journal of Mathematical Economics, Elsevier, vol. 64(C), pages 48-65.
    3. Takashi Kamihigashi & John Stachurski, 2012. "Existence, Uniqueness and Stability of Stationary Distributions: An Extension of the Hopenhayn-Prescott Theorem," Discussion Paper Series DP2012-27, Research Institute for Economics & Business Administration, Kobe University.

  10. Chengliang Yan & Liutang Gong, 2009. "Government expenditure, taxation and long-run growth," Frontiers of Economics in China, Springer;Higher Education Press, vol. 4(4), pages 505-525, December.

    Cited by:

    1. HYE, Qazi Muhammad Adnan & M Anwar, Jalil, 2010. "Revenue and Expenditure Nexus: A Case Study of Romania," MPRA Paper 32132, University Library of Munich, Germany.
    2. Churchill, Sefa Awawoyi & Yew, Siew Ling & Ugur, Mehmet, 2015. "Effects of government education and health expenditures on economic growth: a meta-analysis," Greenwich Papers in Political Economy 14072, University of Greenwich, Greenwich Political Economy Research Centre.
    3. Churchill, Sefa Awaworyi & Ugur, Mehmet & Yew, Siew Ling, 2016. "Does government size affect per-capita income growth? A Hierarchical meta-regression analysis," Greenwich Papers in Political Economy 16016, University of Greenwich, Greenwich Political Economy Research Centre.
    4. Martner Fanta, Ricardo & Gonzales, Ivonne & Podestá, Andrea, 2013. "Políticas fiscales para el crecimiento y la igualdad," Macroeconomía del Desarrollo 138, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    5. Baocheng He & Jiawei Wang & Jiaoyang Wang & Kun Wang, 2018. "The Impact of Government Competition on Regional R&D Efficiency: Does Legal Environment Matter in China’s Innovation System?," Sustainability, MDPI, Open Access Journal, vol. 10(12), pages 1-18, November.

  11. Cui, Xiaoyong & Gong, Liutang, 2008. "Foreign aid, domestic capital accumulation, and foreign borrowing," Journal of Macroeconomics, Elsevier, vol. 30(3), pages 1269-1284, September.

    Cited by:

    1. Xuan Changyong & Sun Jun & Yan Chen, 2012. "Foreign debt, economic growth and economic crisis," Journal of Chinese Economic and Foreign Trade Studies, Emerald Group Publishing, vol. 5(2), pages 157-167, June.
    2. Qayyum, Unbreen & Din, Musleh-ud & Haider, Adnan, 2014. "Foreign aid, external debt and governance," Economic Modelling, Elsevier, vol. 37(C), pages 41-52.
    3. Mayr, Karin, 2010. "Optimal Deficit and Debt in the Presence of Foreign Aid," World Development, Elsevier, vol. 38(1), pages 19-27, January.

  12. Liutang Gong & William Smith & Heng-fu Zou, 2007. "Asset Prices and Hyperbolic Discounting," Annals of Economics and Finance, Society for AEF, vol. 8(2), pages 397-414, November.
    See citations under working paper version above.
  13. Gong, Liutang & Smith, William & Zou, Heng-fu, 2007. "Consumption and Risk with hyperbolic discounting," Economics Letters, Elsevier, vol. 96(2), pages 153-160, August.
    See citations under working paper version above.
  14. Gong Liutang & Zhu Shenghao, 2006. "Does observational equivalence always hold in hyperbolic discounting models?," Economics Bulletin, AccessEcon, vol. 5(8), pages 1-8.

    Cited by:

    1. Caputo, Michael R., 2013. "The intrinsic comparative dynamics of infinite horizon optimal control problems with a time-varying discount rate and time-distance discounting," Journal of Economic Dynamics and Control, Elsevier, vol. 37(4), pages 810-820.
    2. Choi, Yoonseok, 2017. "Revisiting the effect of a technology shock on hours," Economics Letters, Elsevier, vol. 157(C), pages 67-70.

  15. Xiaoyong, Cui & Gong, Liutang, 2006. "Laplace transform methods for linearizing multidimensional systems," Economics Letters, Elsevier, vol. 90(2), pages 176-182, February.

    Cited by:

    1. Xiaoyong Cui & Liutang Gong & Ziguan Zhuang, 2008. "Macroeconomic Policies and Foreign Asset Accumulation in a Finite-Horizon Model," Annals of Economics and Finance, Society for AEF, vol. 9(2), pages 293-313, November.
    2. Gaowang Wang & Heng-fu Zou, 2011. "Foreign Asset Accumulation, Macroeconomic Policies and Mercantilism," CEMA Working Papers 461, China Economics and Management Academy, Central University of Finance and Economics.
    3. Cui, Xiaoyong & Gong, Liutang, 2008. "Foreign aid, domestic capital accumulation, and foreign borrowing," Journal of Macroeconomics, Elsevier, vol. 30(3), pages 1269-1284, September.
    4. Xiaoyong Cui & Liutang Gong & Xiaojun Zhao & Heng-fu Zou, 2013. "The Z -transform method for multidimensional dynamic economic systems," Applied Economics Letters, Taylor & Francis Journals, vol. 20(11), pages 1081-1088, July.
    5. Gaowang Wang & Heng-fu Zou, 2018. "The Effects of Macroeconomic Policies in a Mercantilist Economy," Frontiers of Economics in China, Higher Education Press, vol. 13(2), pages 171-195, June.
    6. Cui, Xiaoyong & Gong, Liutang & Yang, Jianfang & Zou, Heng-fu, 2008. "Marshallian time preferences and monetary non-neutrality," Economic Modelling, Elsevier, vol. 25(6), pages 1196-1205, November.

  16. Gong Liutang & Xie Danyang, 2006. "Factor Mobility and Dispersion in Marginal Products: A Case on China," Frontiers of Economics in China, Higher Education Press, vol. 1(1), pages 1-13, March.

    Cited by:

    1. Loren Brandt & Trevor Tombe & Xiaodong Zhu, 2012. "Factor Market Distortions across Time, Space and Sectors in China," Working Papers 262012, Hong Kong Institute for Monetary Research.
    2. Loren Brandt & Trevor Tombe & Xiadong Zhu, 2012. "Online Appendix to "Factor Market Distortions Across Time, Space, and Sectors in China"," Technical Appendices 11-95, Review of Economic Dynamics.
    3. Lin, Boqiang & Long, Houyin, 2016. "Input substitution effect in China׳s chemical industry: Evidences and policy implications," Renewable and Sustainable Energy Reviews, Elsevier, vol. 53(C), pages 1617-1625.

  17. YIN Heng & GONG Liutang & ZOU Heng-fu, 2006. "Income inequality and economic growth¡ª¡ªthe Kuznets curve revisited," Frontiers of Economics in China, Higher Education Press, vol. 1(2), pages 196-206, June.

    Cited by:

    1. Nazifi Abdullahi Darma & Muhammad Ali, 2014. "An Empirical Analysis of the Effect of Income Inequality on Economic Growth in West Africa," Journal of Empirical Economics, Research Academy of Social Sciences, vol. 3(4), pages 221-231.
    2. Zouheir ABIDA & Imen Mohamed SGHAIER, 2012. "Economic Growth and Income Inequality: Empirical Evidence from North African Countries," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 2(1), pages 142-154, March.

  18. Liutang Gong, 2006. "Endogenous Time Preference, Inflation, and Capital Accumulation," Journal of Economics, Springer, vol. 87(3), pages 241-255, April.

    Cited by:

    1. Ken-Ichi Hirose & Shinsuke Ikeda, 2015. "Decreasing Marginal Impatience and Capital Accumulation in a Two-Country World Economy," Metroeconomica, Wiley Blackwell, vol. 66(3), pages 474-507, July.
    2. Aoki, Yoshimasa & Tomoda, Yasunobu, 2009. "Optimal money supply in models with endogenous discount factor," The Quarterly Review of Economics and Finance, Elsevier, vol. 49(3), pages 798-810, August.
    3. Been-Lon Chen & Yu-Shan Hsu & Chia-Hui Lu, 2011. "Friedman meets Becker and Mulligan in a monetary neoclassical growth model," Journal of Economics, Springer, vol. 104(2), pages 99-126, October.

  19. Liutang Gong & Heng-fu Zou, 2003. "Fiscal Federalism, Public Capital Formation, and Endogenous Growth," Annals of Economics and Finance, Society for AEF, vol. 4(2), pages 471-490, November.
    See citations under working paper version above.
  20. Gong, Liutang & Zou, Heng-fu, 2003. "Military spending and stochastic growth," Journal of Economic Dynamics and Control, Elsevier, vol. 28(1), pages 153-170, October.
    See citations under working paper version above.
  21. Liutang Gong & Heng-fu Zou, 2002. "Effects of Growth and Volatility in Public Expenditures on Economic Growth: Theory and Evidence," Annals of Economics and Finance, Society for AEF, vol. 3(2), pages 379-406, November.
    See citations under working paper version above.
  22. Gong, Liutang & Zou, Heng-fu, 2002. "Direct preferences for wealth, the risk premium puzzle, growth, and policy effectiveness," Journal of Economic Dynamics and Control, Elsevier, vol. 26(2), pages 247-270, February.
    See citations under working paper version above.
  23. Gong, Liutang & Zou, Heng-fu, 2002. "Optimal taxation and intergovernmental transfer in a dynamic model with multiple levels of government," Journal of Economic Dynamics and Control, Elsevier, vol. 26(12), pages 1975-2003, October.
    See citations under working paper version above.
  24. Gong, Liutang & Zou, Heng-fu, 2001. "Foreign Aid Reduces Labor Supply and Capital Accumulation," Review of Development Economics, Wiley Blackwell, vol. 5(1), pages 105-118, February.
    See citations under working paper version above.
  25. Gong, Liutang & Zou, Heng-Fu, 2001. "Money, Social Status, and Capital Accumulation in a Cash-in-Advance Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 33(2), pages 284-293, May.
    See citations under working paper version above.
  26. Liutang Gong & Heng-fu Zou, 2000. "Foreign Aid Reduces Domestic Capital Accumulation and Increases Foreign Borrowing: A Theoretical Analysis," Annals of Economics and Finance, Society for AEF, vol. 1(1), pages 147-163, May.
    See citations under working paper version above.

More information

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Statistics

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Rankings

This author is among the top 5% authors according to these criteria:
  1. Number of Distinct Works, Weighted by Simple Impact Factor
  2. Number of Distinct Works, Weighted by Recursive Impact Factor
  3. Number of Distinct Works, Weighted by Number of Authors and Simple Impact Factors

Co-authorship network on CollEc

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 13 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-MAC: Macroeconomics (8) 2011-08-22 2011-09-05 2011-11-07 2012-03-28 2012-07-23 2017-11-26 2017-11-26 2017-11-26. Author is listed
  2. NEP-DGE: Dynamic General Equilibrium (4) 2011-08-22 2011-08-22 2011-11-07 2017-11-26
  3. NEP-FDG: Financial Development & Growth (3) 2011-08-22 2011-09-05 2011-11-07
  4. NEP-PBE: Public Economics (3) 2011-08-22 2011-09-05 2011-11-07
  5. NEP-UPT: Utility Models & Prospect Theory (3) 2011-08-22 2012-03-28 2017-11-26
  6. NEP-ACC: Accounting & Auditing (2) 2011-08-22 2011-11-07
  7. NEP-MON: Monetary Economics (2) 2011-08-22 2017-11-26
  8. NEP-OPM: Open Economy Macroeconomics (2) 2017-11-26 2017-11-26
  9. NEP-URE: Urban & Real Estate Economics (2) 2011-08-22 2017-11-26
  10. NEP-CBA: Central Banking (1) 2011-08-22
  11. NEP-CNA: China (1) 2017-11-26
  12. NEP-GEO: Economic Geography (1) 2011-08-22
  13. NEP-HEA: Health Economics (1) 2011-08-22
  14. NEP-ORE: Operations Research (1) 2012-03-28
  15. NEP-PUB: Public Finance (1) 2011-11-07

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