7,870 research outputs found

    China’s Local Government Debt and Economic Growth

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    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

    The Photometric Investigation of V921 Her using the Lunar-based Ultraviolet Telescope of Chang'e-3 mission

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    The light curve of V921 Her in ultraviolet band observed by the Lunar-based Ultraviolet Telescope (LUT) is analyzed by the Wilson-Devinney code. Our solutions conclude that V921 Her is an early type marginal contact binary system with an additional close-in component. The binary system is under poor thermal contact with a temperature difference of nearly 700K700K between the two components. The close-in component contributes about 19 %19\,\% of the total luminosity in the triple system. Combining the radial velocity study together with our photometric solutions, the mass of the primary star and secondary one are calculated to be M1=1.784(±0.055)M⊙M_1 = 1.784(\pm0.055)M_\odot, M2=0.403(±0.012)M⊙M_2 = 0.403(\pm0.012)M_\odot. The evolutionary scenario of V921 Her is discussed. All times of light minimum of V921 Her available in the bibliography are taken into account and the O−CO - C curve is analyzed for the first time. The most probable fitting results are discussed in the paper, which also confirm the existence of a third component (P3=10.2P_3=10.2 year) around the binary system. The period of V921 Her is also undergoing a continuously rapid increase at a rate of dP/dt=+2.79×10−7day⋅year−1dP/dt=+2.79\times{10^{-7}}day\cdot year^{-1}, which may due to mass transfer from the less massive component to the more massive one
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