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Rogue Waves
Rogue Waves
This book gives an overview of the theoretical research on rogue waves and discusses solutions to rogue wave formation via the Darboux and bilinear transformations, algebro-geometric reduction, and inverse scattering and similarity transformations. Studies on nonlinear optics are included, making the book a comprehensive reference for researchers in applied mathematics, optical physics, geophysics, and ocean engineering. Contents The Research Process for Rogue Waves Construction of Rogue Wave Solution by the Generalized Darboux Transformation Construction of Rogue Wave Solution by Hirota Bilinear Method, Algebro-geometric Approach and Inverse Scattering Method The Rogue Wave Solution and Parameters Managing in Nonautonomous Physical Model
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Formal Finance and Trade Credit During China's Transition
Formal Finance and Trade Credit During China's Transition
Using a large panel dataset of Chinese industrial firms, the authors examine the determinants of access to loans from formal financial intermediaries and extension of trade credit. Poorly performing state-owned enterprises were more likely to redistribute credit to firms with less privileged access to loans through trade credit, a pattern consistent with some of the extension of trade credit being involuntary. By contrast, profitable private domestic firms were more likely to extend trade credit than unprofitable ones. Trade credit likely provided a substitute for loans for these private firms' customers that were shut out of formal credit markets. As biases in lending became less severe, the amount of trade credit extended by private firms declined.
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Market Facilitation by Local Government and Firm Efficiency
This paper uses data from a large survey of Chinese firms to investigate whether local government efforts to facilitate market development improve firm efficiency. Both government provision of information about products, markets, and innovation and government assistance in arranging loans are positively associated with firm efficiency. Those private firms with weak access to and knowledge of financial, input, and product markets benefit most from such assistance. These patterns are robust across multiple estimation approaches. Case studies of specific types of market facilitation by local governments are provided. The evidence is consistent with the notion that government facilitation can help some firms overcome market failures in the early stages of development. The paper argues that changing fiscal dynamics that forced local governments to become increasingly self-reliant in generating revenue and a government promotion system based on local economic performance compelled these efforts at market facilitation.
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