China’s Local Government Debt and Economic Growth

This paper explores the impact of China’s local government debt on economic growth. This analysis, based on a panel of 31 provinces over 14 years, takes into account a broad range of economic growth determinants as well as various estimation issues including heteroskedascity and omitted variable. The empirical results suggest an inverse relationship between China’s local government debt and economic growth, controlling for other determinants of growth: on average, a 10 percentage point increase in the debt-to-GDP ratio is associated with a slowdown in annual real per capita GDP growth of around 0.27 percentage points per year

Universal Thermometry for Quantum Simulation

Quantum simulation is a highly ambitious program in cold atom research currently being pursued in laboratories worldwide. The goal is to use cold atoms in optical lattice to simulate models for unsolved strongly correlated systems, so as to deduce their properties directly from experimental data. An important step in this effort is to determine the temperature of the system, which is essential for deducing all thermodynamic functions. This step, however, remains difficult for lattice systems at the moment. Here, we propose a method based on a generalized fluctuation-dissipation theorem. It does not reply on numerical simulations and is a universal thermometry for all quantum gases systems including mixtures and spinor gases. It is also unaffected by photon shot noise.Comment: 4 pages, 3 figures, title, abstract and introduction modifie

A Two-dimensional Algebraic Quantum Liquid Produced by an Atomic Simulator of the Quantum Lifshitz Model

Bosons have a natural instinct to condense at zero temperature. It is a long-standing challenge to create a high-dimensional quantum liquid that does not exhibit long-range order at the ground state, as either extreme experimental parameters or sophisticated designs of microscopic Hamiltonian are required for suppressing the condensation. Here, we show that ultra cold atoms with synthetic spin-orbit coupling provide physicists a simple and practical scheme to produce a two-dimensional algebraic quantum liquid at the ground state. This quantum liquid arises at a critical Lifshitz point, where the single-particle ground state shrinks to a point from a circle in the momentum space, and many fundamental properties of two-dimensional bosons are changed in its proximity. Such an ideal simulator of the quantum Lifshitz model allows experimentalists to directly visualize and explore the deconfinement transition of topological excitations, an intriguing phenomenon that is difficult to access in other systems.Comment: 3 figure