Yongfu Huang

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This paper studies the fundamental determinants of crosscountry di¤erences in …nancial development. Two prominent tools for addressing model uncertainty, Bayesian Model Averaging and General-to-speci…c approaches, are jointly applied to investigate the …nancial development e¤ects of a wide range of variables taken from various sources. The analysis suggests(More)
Several recent papers have argued that trade and financial development may be linked, either for political economy reasons, or because foreign competition and exposure to shocks lead to changes in the demand for external finance. In this paper we use the crosscountry and time-series variation in openness to study the relationship between trade and finance(More)
In order to identify natural products for plant disease control, the essential oil of star anise (Illicium verum Hook. f.) fruit was investigated for its antifungal activity on plant pathogenic fungi. The fruit essential oil obtained by hydro-distillation was analyzed for its chemical composition by gas chromatography (GC) and gas chromatography-mass(More)
UNU-WIDER gratefully acknowledges specific programme contributions from the governments of Denmark (Ministry of Foreign Affairs, Danida) and Sweden (Swedish International Development Cooperation Agency—Sida) for ReCom. UNU-WIDER also gratefully acknowledges core financial support to its work programme from the governments of Denmark, Finland, Sweden, and(More)
UNU-WIDER gratefully acknowledges specific programme contributions from the governments of Denmark (Ministry of Foreign Affairs, Danida) and Sweden (Swedish International Development Cooperation Agency—Sida) for ReCom. UNU-WIDER also gratefully acknowledges core financial support to its work programme from the governments of Denmark, Finland, Sweden, and(More)
UNU-WIDER gratefully acknowledges specific programme contributions from the governments of Denmark (Ministry of Foreign Affairs, Danida) and Sweden (Swedish International Development Cooperation Agency—Sida) for the Research and Communication (ReCom) programme. UNU-WIDER also acknowledges core financial support to UNU-WIDER's work programme from the(More)
This paper confirms recent evidence of a positive impact of aid on growth and widens the scope of evaluation to a range of outcomes including proximate sources of growth (e.g., physical and human capital), indicators of social welfare (e.g., poverty and infant mortality), and measures of economic transformation (e.g., share of agriculture and industry in(More)
Agriculture is one of the major greenhouse gas (GHG) emission sources in China. This paper aims to identify the key factors that have led to rising GHG emissions in China's agricultural sector in recent decades. This research allows for spatial dependence across provinces, making use of regional data from 31 provinces in mainland China. It investigates the(More)
Using recently developed panel data techniques on data for 43 developing countries over the period 1970-98, this paper provides an exhaustive analysis of causality between aggregate private investment and …nancial development. GMM estimation on averaged data, and a common factor approach on annual data allowing for global interdependence and heterogeneity(More)
This paper studies what induces governments to undertake reforms aimed at …nancial development. Its starting point is Abiad and Mody (AER 95(1), 2005). Rather than their ordered logit technique, it uses a within groups approach allowing for error dependence across countries and over time. This paper …nds that policy change in a country is negatively rather(More)