Annals of Economics and Finance：Volume1，Number1，May2000（影英版）

Annals of Economics and Finance (ISSN 1529-7373) sets the highest research standard for economics and finance in China. It publishes original theoretical and applied papers in all fields of economics, finance, and management. It also encourages an economic approach to political science, sociology, psychology, ethics, and history.

Jan brueckner
Fiscal decentralization in developing countries:the ef-fects of local corruption and tax evasion
Guoqiang tian
Feasible and continuous double implementation of con-strained walrasian alloctions
Assaf razin,efraim sadka,and chi-wa yuen
Do debt flows crowd out equity flows or the other way round?
Charles Q cao and hyuk choe
Evolution of transitory Volatility over the week
Pin-huang chou,yuan-lin hsu,and guofu zhou
Investment horizon and the cross section of expected re-turns:evidence from the tokyo stock exchange
Jia-an yan,qiang xhang,and shuguang zhang
yunhong yang
Martingale and relaxation-projection methods for utility maximization with portfolio constraints and stochastic IN-com
Liutang gong and heng-fu zou
Foreign aid reduces domestic investmentand increases foreign borrowing
Weiying zhang
why are entrepreneurs liquidity-constrained?
Chun Chang and Yijiang Wang
Choosing between Up-or-Out and Spot Contracts: Human Capital Investment versus Job-Matching Considerations
Xiaokai Yang and Dingsheng Zhang
Endogenous Structure of the Division of Labor, Endogenous Trade Policy Regime, and a Dual Structure in Economic Development