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The authors of the paper are grateful to Hank Bessembinder (the referee) for many valuable comments and suggestions. The paper has bene"ted substantially from his penetrating and constructive comments. We also thank Bill Schwert (the editor), Wood for useful comments and discussions. We are solely responsible for any errors. Abstract We examine the role of(More)
We would like to thank an anonymous referee and the editor for very useful suggestions. An earlier version of the paper was presented at the Claremont Conference on Asian Regional Integration, February 2005. We received very constructive comments from Ken Reinart, Barry Eichengreen, Joshua Aizenman and other workshop participants. All errors are ours.(More)
At a follow-up study of 385 patients with epilepsy beginning under age 15, 22 (5.7%) had died during the first 10 years after the onset of epilepsy and another 11 (2.9%) between 11 and 24 years. Mortality was significantly high in cases with the following clinical features: (1) epilepsy with onset before the first birthday (mortality being 25.5%), (2)(More)
This paper examines the determinants of FDI from U.S. and Japan in China using the provincial data set from 1991 to 1997. The results of the regression analyses are further compared to those of the aggregated FDI as a benchmark case. The study found various similarities and differences in the importance and the magnitudes of the determinants of FDI among(More)
The importance of graphical displays in statistical practice has been recognized sporadically in the statistical literature over the past century, with wider awareness following Tukey's Exploratory Data Analysis (1977) and Tufte's books in the succeeding decades. But statistical graphics still occupies an awkward in-between position: Within statistics,(More)
Large differences exist between the official data on trade balances between the United States and China. In 2005, the U. S. merchandise trade deficit with China was US$ 201.6 billion according to United States Government data, but US$ 114.2 billion according to Chinese Government data, a discrepancy of US$ 87.4 billion. The objective of this paper is to(More)
The views expressed are those of the authors and not those of the institutions with which they are affiliated. We are grateful for helpful comments from seminar audiences at the most of all, to two anonymous referees for valuable comments and suggestions. Remaining shortcomings are our responsibility. Abstract This paper examines the composition of trade(More)
This paper examines the locational choices of Hong Kong and U.S. direct investments (DI) in China using a regional data set from 1990 to 1999. The results of the panel regressions show that there are various similarities and differences in the significance and the magnitudes of the determinants of DI between these two sources. Local GDP significantly(More)