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The foreign trade balance is the balance of the total exports value minus imports of a country in one year. In the context of post-financial crisis era,summary the distribution,determinants and evolution of China's foreign trade since joining the WTO, provide basis reference for government deeply adjust the foreign trade policy. Using 2001–2009 data, analysised the characteristics and causes of China's...
In multi-attribute auctions, score auction is the most prevalent mechanism in practical application. We consider the second-score auction protocol because of its properties of incentive compatibility and individual rationality. In the paper, we use the theory of production possibilities set in DEA to analyze the second-score auction. With the DEA-based cost norms, we revise the payment rule in the...
This paper has investigated the relationship between openness and economic growth of countries undergoing transition. In contrast to previous findings, we have found that openness which is believed to have positive impact on economic growth is negatively related to those of transition countries. This result implies that opening up a country is not enough for economic growth in transition countries.
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