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A Benefit from the Division of Labor that Adam Smith Missed,
Wenli Cheng, in Eastern Economic Journal (2012) Downloads

A NEW PERSPECTIVE ON ECONOMIC DEVELOPMENT AND INCOME INEQUALITY,
Wenli Cheng, in Economic Papers (2006) Downloads

Division of Labor, Money, and Economic Progress,
Wenli Cheng, in Review of Development Economics (1999) Downloads

IN MEMORY OF XIAOKAI,
Wenli Cheng, in Division of Labor & Transaction Costs (DLTC) (2006) Downloads

DIVISION OF LABOR, MONEY AND ECONOMIC PROGRESS,
Wenli Cheng, from World Scientific Publishing Co. Pte. Ltd. (2005)
Keywords: Inframarginal Economics, Trade Theory, Heckscher-Ohlin, Stopler-Samuelson, Ricardian Model of Trade, Classical and Nonclassical Mathematical Programming, Corner Solutions,
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Registered author: Wenli Cheng

Specialization and the Emergence and the Value of Money,
Wenli Cheng, from Palgrave Macmillan (1998)
Keywords: General Equilibrium, Economic Setting, Silk Producer, Partial Division, Complete Division

FINANCIAL INTERMEDIATION, ENTREPRENEURSHIP AND ECONOMIC GROWTH,
Wenli Cheng, from Monash University, Department of Economics (2007)
Keywords: financial intermediation, entrepreneurship, economic growth
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A Benefit from the Division of Labor that Adam Smith Missed,
Wenli Cheng, from Monash University, Department of Economics (2010)
Keywords: the division of labor, time structure of production, capital formation, transaction costs
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Is Producer Surplus a Surplus to the Producer?,
Wenli Cheng, from Monash University, Department of Economics (2023)
Keywords: Producer surplus, profit, rent
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Real Savings, Entrepreneurship and Finance: A Monetary Model of Economic Growth,
Wenli Cheng, from Monash University, Department of Economics (2024)
Keywords: credit creation, finance, entrepreneurship, real savings, economic growth
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International Transmission of Monetary Shocks and the Non‐neutrality of International Money,
Wenli Cheng and Dingsheng Zhang, in Review of International Economics (2012) Downloads

Bank finance for private firms in China: Does political capital still pay off?,
Wenli Cheng and Yongzheng Wu, in The World Economy (2019) Downloads

PRICES, POLITICS AND PERSUASION: THE CASE OF POLLUTION CONTROL AND CLEAN TECHNOLOGY ADOPTION,
Wenli Cheng and Dingsheng Zhang, in The Singapore Economic Review (SER) (2024)
Keywords: Pollution permits, increasing returns, advertising
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Relative earnings and firm performance: Evidence from publicly-listed firms in China, 2005–2012,
Peiwen Bai and Wenli Cheng, in International Review of Economics & Finance (2020)
Keywords: Relative income share of capital and labor; Relative earnings of management and workers; Relative wage; Firm performance in China; Capital share; Wage share; Management pay; Financial performance; Listed companies in China;
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How might the South be helped by Northern technology yet harmed by Northern money?,
Wenli Cheng and Dingsheng Zhang, in Economic Modelling (2016)
Keywords: North–South trade; Demand for foreign exchange; International transmission of monetary shocks;
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A monetary model of China–US trade relations,
Wenli Cheng and Dingsheng Zhang, in Economic Modelling (2012)
Keywords: China–US trade; Productivity improvement; RMB appreciation; Monetary policy;
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DOES TRADE IN INTERMEDIATE GOODS INCREASE OR DECREASE WAGE INEQUALITY?,
Wenli Cheng and Dingsheng Zhang, in The Singapore Economic Review (SER) (2007)
Keywords: Wage inequality, outsourcing, developing countries
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Optimal Environmental Tax-Subsidy Regime in the Presence of Increasing Returns,
Wenli Cheng and Dingsheng Zhang, in Annals of Economics and Finance (2021)
Keywords: Optimal pollution tax, Clean subsidy, Increasing returns, Monopolistic competition
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CAN PRODUCTIVITY PROGRESS IN CHINA HURT THE USA? SAMUELSON'S EXAMPLE EXTENDED,
Wenli Cheng and Dingsheng Zhang, in Pacific Economic Review (2007) Downloads

WHO SHOULD BE GIVEN MORE FOREIGN AID?,
Wenli Cheng and Dingsheng Zhang, in Pacific Economic Review (2008) Downloads

DOMESTIC AND GLOBAL SOURCING,
Wenli Cheng and Dingsheng Zhang, in Division of Labor & Transaction Costs (DLTC) (2006)
Keywords: Endogenous sourcing decisions, transaction costs, Ricardian model
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ECONOMIC PERFORMANCE THROUGH TIME: A GENERAL EQUILIBRIUM MODEL,
Wenli Cheng and Xiaonan Zhao, in Division of Labor & Transaction Costs (DLTC) (2008)
Keywords: Economic growth, savings and investment, transaction costs, division of labor, institutions
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CAN DESTRUCTIVE NETWORK ACTIVITIES PUSH AN ECONOMY TO A LOWER LEVEL OF SPECIALIZATION? A THEORETICAL ILLUSTRATION,
Mei Wen and Wenli Cheng, in Division of Labor & Transaction Costs (DLTC) (2011)
Keywords: Network frictions, productivity, transaction efficiency
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HOW SHOULD A PUBLIC GOOD BE PROVIDED? A TRANSACTION COST APPROACH,
Wenli Cheng and Dingsheng Zhang, in Division of Labor & Transaction Costs (DLTC) (2011)
Keywords: Public good, transaction costs, organization costs, specialization economies
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Surviving the Famine Unscathed? An Analysis of the Long‐Term Health Effects of the Great Chinese Famine,
Wenli Cheng and Hui Shi, in Southern Economic Journal (2019) Downloads

Understanding the Kuznets Process—An Empirical Investigation of Income Inequality in China: 1978–2011,
Wenli Cheng and Yongzheng Wu, in Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement (2017)
Keywords: Kuznets curve, Income inequality in China, Theil index, Urbanisation, Dualism
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Labour misallocation in China: 1980--2010,
Peiwen Bai and Wenli Cheng, in Applied Economics (2016) Downloads

Inframarginal analysis of division of labor: A survey,
Wenli Cheng and Xiaokai Yang, in Journal of Economic Behavior & Organization (2004) Downloads

The efficiency wage hypothesis: a mesoeconomic analysis,
Wenli Cheng and Haiyang Xu, in Journal of Economic Behavior & Organization (2004) Downloads

DOMESTIC AND GLOBAL SOURCING,
Wenli Cheng and Dingsheng Zhang, from Monash University, Department of Economics (2005)
Keywords: endogenous sourcing decisions, transaction costs, Ricardian model
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Can Productivity Progress in China hurt the US ? Professor Samuelson's Example Extended,
Wenli Cheng and Dingsheng Zhang, from Monash University, Department of Economics (2005)
Keywords: 3-good Ricardian model, impact of productivity growth, globalisation
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Why Might a Country Want to Develop its Comparative Disadvantage Industries?,
Wenli Cheng and Dingsheng Zhang, from Monash University, Department of Economics (2005)
Keywords: 2x2 Ricardian model, immiserizing growth, balanced growth
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Would Outsourcing Increase or Decrease Wage Inequality? Two Models, Two Answers,
Wenli Cheng and Dingsheng Zhang, from Monash University, Department of Economics (2005)
Keywords: wage inequality, endogenous outsourcing
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HOW SHOULD A PUBLIC GOOD BE PROVIDED? A TRANSACTION COST APPROACH,
Wenli Cheng and Dingsheng Zhang, from Monash University, Department of Economics (2006)
Keywords: public good, transaction costs, organisation costs, specialisation economies .
Downloads

ECONOMIC PERFORMANCE THROUGH TIME: A GENERAL EQUILIBRIUM MODEL,
Wenli Cheng and Xiaonan Zhao, from Monash University, Department of Economics (2008)
Keywords: economic growth, savings and investment, transaction costs, division of labor, financial and production institutions
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International Transmission of Monetary Shocks in a Ricardian World,
Wenli Cheng and Dingsheng Zhang, from Monash University, Department of Economics (2010)
Keywords: demand for money, demand for international currency, monetary policy, exchange rate, non-neutrality of money
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North-South Trade and the Non-Neutrality of International Money,
Wenli Cheng and Dingsheng Zhang, from Monash University, Department of Economics (2010)
Keywords: North-South trade, demand for money, demand for foreign exchange, monetary policy, money non-neutrality
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The Arm’s Length Principle, Transfer Pricing and Foreclosure under Imperfect Competition,
Wenli Cheng and Dingsheng Zhang, from Monash University, Department of Economics (2010)
Keywords: Crime Victimisation, Institutions, Happiness, Ordered Probit, Rule of Law.
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The Cantillon Effect of Money Injection through Deficit Spending,
Wenli Cheng and Simon Angus, from Monash University, Department of Economics (2012) Downloads

Evolving Ownership Structures in Private Enterprises in China: the Case of Ningbo,
Zhong Qin and Wenli Cheng, from Monash University, Department of Economics (2012)
Keywords: Guanxi, ownership structure, quality of economic environment, private enterprises in China
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Who Gets Money First? Monetary Expansion, Ownership Structure and Wage Inequality in China,
Peiwen Bai and Wenli Cheng, from Monash University, Department of Economics (2014)
Keywords: monetary expansion, labor market segmentation, wage differential between state and non-state workers in China
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Relative Earnings and Firm Performance: Evidence from Publicly-listed Firms in China, 2005-2012,
Peiwen Bai and Wenli Cheng, from Monash University, Department of Economics (2014)
Keywords: relative income share of capital and labor, relative earnings of management and workers, relative wage, firm performance in China
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Accounting for Labor Misallocation in China with Provincial Data 1980-2010,
Peiwen Bai and Wenli Cheng, from Monash University, Department of Economics (2014)
Keywords: accounting of resource misallocation; labor misallocation in China
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Country Size, Economic Structure and Transaction Efficiency: An Asymmetric Spatial General Equilibrium Model of Income Differences across Nations,
Junhua Li and Wenli Cheng, from Monash University, Department of Economics (2015)
Keywords: Cross-Country Income Differences, Large Country Advantage, Economies of Specialisation, Trade Openness
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Income inequality in China: Testing the Kuznets Hypothesis with National Time Series and Provincial Panel Data 1978-2011,
Wenli Cheng and Yongzheng Wu, from Monash University, Department of Economics (2015)
Keywords: Kuznets curve, income inequality in China, Theil index, urbanisation, dualism
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Bank Finance for Private Firms in China: Does Political Capital Still Pay Off?,
Wenli Cheng and Yongzheng Wu, from Monash University, Department of Economics (2016)
Keywords: bank lending, private firms, political connection, China
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Basis for Bank Credit Allocation in China’s Private Sector: Political Connection or Firm Performance?,
Wenli Cheng and Yongzheng Wu, from Monash University, Department of Economics (2016)
Keywords: political connection, firm performance, access to bank credit, private firms in China
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Surviving the Famine unscathed? An Analysis of the Long-term Health Effects of the Great Chinese Famine,
Wenli Cheng and Hui Shi, from Monash University, Department of Economics (2017)
Keywords: Great Chinese Famine; long-term effect; health; lifestyle choices
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Switching from Group Lending to Individual Lending: The Experience at China’s Largest Microfinance Institution,
Yuyun Xu, Wenli Cheng and Longyao Zhang, in Emerging Markets Finance and Trade (2020) Downloads

An Inframarginal Analysis of the Ricardian Model,
Wenli Cheng, Jeffrey Sachs and Xiaokai Yang, in Review of International Economics (2000) Downloads

An Inframarginal Analysis of the Heckscher-Olin Model with Transaction Costs and Technological Comparartive Advantage,
Wenli Cheng, J.D. Sachs and Xiaokai Yang, from Chicago - Graduate School of Business (1999)
Keywords: TRADE

An extended Heckscher-Ohlin model with transaction costs and technological comparative advantage,
Wenli Cheng, Jeffrey Sachs and Xiaokai Yang, in Economic Theory (2004)
Keywords: H-O theorem, Factor price equalization theorem, Stolper-Samuelson theorem, Rybczynski theorem, Transaction costs, Trade pattern.,
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Early marriage and maternal health care utilisation: Evidence from sub-Saharan Africa,
Chuhui Li, Wenli Cheng and Hui Shi, in Economics & Human Biology (2021)
Keywords: Early marriage; Maternal health care utilisation; Recursive bivariate probit model; Sub-Saharan Africa;
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Land rights and investment incentives: Evidence from China’s Latest Rural Land Titling Program,
Nan Zhou, Wenli Cheng and Longyao Zhang, in Land Use Policy (2022)
Keywords: Land titling; Land tenure security; Agricultural investment; Investment effect of land titling;
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Systemic Risk in China's Financial Industry Due to the COVID-19 Pandemic,
Cheng Lan, Ziyi Huang and Wenli Huang, in Asian Economics Letters (2021)
Keywords: systemic financial risk, dynamic covar, covid-19
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How does land titling affect credit demand, supply, access, and rationing: Evidence from China,
Wenli Cheng, Nan Zhou and Longyao Zhang, in Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie (2021) Downloads

Intra‐firm Branch Competition for a Monopolist,
Wenli Cheng and Yew-Kwang Ng, in Australian Economic Papers (1999) Downloads

AN INFRAMARGINAL ANALYSIS OF THE RICARDIAN MODEL,
Wenli Cheng, Jeffrey Sachs and Xiaokai Yang, from World Scientific Publishing Co. Pte. Ltd. (2005)
Keywords: Inframarginal Economics, Trade Theory, Heckscher-Ohlin, Stopler-Samuelson, Ricardian Model of Trade, Classical and Nonclassical Mathematical Programming, Corner Solutions,
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A GENERAL-EQUILIBRIUM RE-APPRAISAL OF THE STOLPER-SAMUELSON THEOREM,
Wenli Cheng, Jeffrey Sachs and Xiaokai Yang, from World Scientific Publishing Co. Pte. Ltd. (2005)
Keywords: Inframarginal Economics, Trade Theory, Heckscher-Ohlin, Stopler-Samuelson, Ricardian Model of Trade, Classical and Nonclassical Mathematical Programming, Corner Solutions,
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Environmental Levies, Distortionary Taxation and Increasing Returns,
Wenli Cheng, Dingsheng Zhang and Cema Cema, from Monash University, Department of Economics (2014)
Keywords: environmental levies, distortionary taxation, increasing returns
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Optimal Environmental Tax-Subsidy Regime in the Presence of Increasing Returns,
Wenli Cheng, Dingsheng Zhang and Cema Cema, from Monash University, Department of Economics (2014)
Keywords: optimal pollution tax, clean subsidy, increasing returns, monopolistic competition
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Corporate Philanthropy in China: A Case of Doing Well by Doing Good?,
Zhong Qin, Minghuan Huang and Wenli Cheng, from Monash University, Department of Economics (2014)
Keywords: Corporate Philanthropy, Long-term Bank Loans, Political Connections
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Stepping Stone: The Logic of Financial Inclusion through Microcredit in Rural China,
Nan Zhou, Wenli Cheng and Longyao Zhang, from Monash University, Department of Economics (2022)
Keywords: Microcredit, stepping stone effect, credit graduation, financial inclusion
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Does land titling improve credit access? Quasi-experimental evidence from rural China,
Longyao Zhang, Wenli Cheng, Enjiang Cheng and Bi Wu, in Applied Economics (2020) Downloads

通胀及通胀预期冲击的动态特征分析,
Kun Xu, Jian-hua Cheng and Wenli Xu, from University Library of Munich, Germany (2016)
Keywords: Inflation Persistence; Rational Expectation; Shocks On Expectation; Error Learning Mechanism
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A Ricardian Model with Endogenous Comparative Advantage and Endogenous Trade Policy Regimes,
Wenli Cheng, Meng‐chun Liu and Xiaokai Yang, in The Economic Record (2000) Downloads

Increasing returns, land use controls and housing prices in China,
Dingsheng Zhang, Wenli Cheng and Yew-Kwang Ng, in Economic Modelling (2013)
Keywords: Increasing returns; Land use controls in China; Housing prices in China;
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Major government customer and management earnings forecasts,
Agnes C. S. Cheng, Wenli Huang and Shaojun Zhang, in Frontiers of Business Research in China (2020)
Keywords: Customer–supplier relationship, Demand uncertainty, Government supplier, Information spillover, Management earnings forecasts (MEFs)
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The Effects of Foreign Aid on the Creation and Distribution of Wealth,
Wenli Cheng, Dingsheng Zhang and Heng-Fu Zou, in Annals of Economics and Finance (2008)
Keywords: Foreign aid, Overlapping-generations model, Investment in education
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A Ricardian Model with Endogenous Comparative Advantage and Endogenous Trade Policy Regimes,
Wenli Cheng, Meng-chun Liu and Xiaokai Yang, from Center for International Development at Harvard University (1999)
Keywords: inframarginal analysis of trade theory, Ricardo model, dual structure, underdevelopment
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An Inframarginal Analysis of the Heckscher-Olin Model with Transaction Costs and Technological Comparative Advantage,
Wenli Cheng, Jeffrey D. Sachs and Xiaokai Yang, from Center for International Development at Harvard University (1999)
Keywords: H-O theorem, factor equalization theorem, Stolper-Samuelson theorem, Rybczynski theorem
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A RICARDIAN MODEL WITH ENDOGENOUS COMPARATIVE ADVANTAGE AND ENDOGENOUS TRADE POLICY REGIMES,
Wenli Cheng, Meng-Chun Liu and Xiaokai Yang, from World Scientific Publishing Co. Pte. Ltd. (2005)
Keywords: Inframarginal Economics, Trade Theory, Heckscher-Ohlin, Stopler-Samuelson, Ricardian Model of Trade, Classical and Nonclassical Mathematical Programming, Corner Solutions,
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An Inframarginal Approach to Trade Theory,
Xiaokai Yang, Wenli Cheng, Heling Shi and Christis Tombazos, from World Scientific Publishing Co. Pte. Ltd. (2005)
Keywords: Inframarginal Economics, Trade Theory, Heckscher-Ohlin, Stopler-Samuelson, Ricardian Model of Trade, Classical and Nonclassical Mathematical Programming, Corner Solutions
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An Inframarginal Analysis of the Heckscher-Olin Model with Transaction Costs and Technological Comparative Advantage,
Wenli Cheng, Jeffrey D. Sachs and Xiaokai Yang, from Center for International Development at Harvard University (1999)
Keywords: H-O theorem, factor equalization theorem, Stolper-Samuelson theorem, Rybczynski theorem
Downloads

A Ricardian Model with Endogenous Comparative Advantage and Endogenous Trade Policy Regimes,
Wenli Cheng, Meng-chun Liu and Xiaokai Yang, from Center for International Development at Harvard University (1999)
Keywords: inframarginal analysis of trade theory, Ricardo model, dual structure, underdevelopment
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An Infra-marginal Analysis of the Ricardian Model,
Wenli Cheng, Jeffrey D. Sachs and Xiaokai Yang, from Center for International Development at Harvard University (1999)
Keywords: Ricardo model, trade policy, division of labor
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THE EFFECTS OF FOREIGN AID ON THE CREATION AND DISTRIBUTION OF WEALTH Wenli Cheng, Dingsheng Zhang and Heng-Fu Zou*,
Wenli Cheng, Dingsheng Zhang and Heng-Fu Zou, from Monash University, Department of Economics (2006)
Keywords: foreign aid, overlapping-generations model, investment in education
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Increasing Returns, Land Use Controls and Housing Prices,
Dingsheng Zhang, Wenli Cheng and Yew-Kwang Ng, from Monash University, Department of Economics (2012)
Keywords: increasing returns; land use controls in China; housing prices in China
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Transfer hydrogenation of 5-Hydroxymethylfurfural to 2,5-dihydroxymethylfuran by synergistic catalysis with a mixture of ZIF-8 and UiO-66-NH2,
Wenli Zhang, Jifei Liu, Hongwei Gu, Cheng Pan, Yifei Long, Qunpeng Cheng and Guozhi Fan, in Renewable Energy (2025)
Keywords: 5-Hydroxymethylfurfural; 2,5-Di(hydroxymethyl)furan; ZIF-8; UiO-66-NH2; Acid-base catalyst;
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Productivity Analysis of Volume Fractured Vertical Well Model in Tight Oil Reservoirs,
Jiahang Wang, Xiaodong Wang, Wenli Xu, Cheng Lu, Wenxiu Dong and Cong Zhang, in Mathematical Problems in Engineering (2017) Downloads

Effects of Organic and Inorganic Fertilizers on Soil Nutrient Conditions in Rice Fields with Varying Soil Fertility,
Guozhu Ma, Shenghai Cheng, Wenli He, Yixuan Dong, Shaowu Qi, Naimei Tu and Weixu Tao, in Land (2023)
Keywords: base fertility; soil nutrients; enzyme activity; fertilizer application patterns
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Evolution of the Global Agricultural Trade Network and Policy Implications for China,
Wenli Qiang, Shuwen Niu, Xiang Wang, Cuiling Zhang, Aimin Liu and Shengkui Cheng, in Sustainability (2019)
Keywords: agricultural globalization; physical and value network; position change; food security
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Trends in global virtual land trade in relation to agricultural products,
Wenli Qiang, Shuwen Niu, Aimin Liu, Thomas Kastner, Qiang Bie, Xiang Wang and Shengkui Cheng, in Land Use Policy (2020)
Keywords: Virtual land; Agricultural trade; Global trade network; Trends; Redistribution of land resources;
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How did land titling affect China’s rural land rental market? Size, composition and efficiency,
Wenli Cheng, Yuyun Xu, Nan Zhou, Zaizhong He and Longyao Zhang, in Land Use Policy (2019)
Keywords: Land rights; Land rental market; Rural land titling reform; China;
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The impact of intelligent customer service agents’ initial response on consumers’ continuous interaction intention,
Zhendong Cheng, Wenfang Fan, Bingjia Shao, Wenli Jia and Yong Zhang, in Journal of Retailing and Consumer Services (2024)
Keywords: Artificial intelligence; Intelligent customer service agents; Initial response; Continuous interaction intention; Interaction initiation modes;
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Does COVID-19 matter for systemic financial risks? Evidence from China's financial and real estate sectors,
Wenli Huang, Cheng Lan, Yueling Xu, Zhaonan Zhang and Haijian Zeng, in Pacific-Basin Finance Journal (2022)
Keywords: Systemic risk; COVID-19;
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The impact of supplier development on buyer competitive advantage: A path analytic model,
Wenli Li, Paul K. Humphreys, Andy C.L. Yeung and T.C.E. Cheng, in International Journal of Production Economics (2012)
Keywords: Supplier development; Competitive advantage; Path model;
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The impact of specific supplier development efforts on buyer competitive advantage: an empirical model,
Wenli Li, Paul K. Humphreys, Andy C.L. Yeung and T.C. Edwin Cheng, in International Journal of Production Economics (2007) Downloads

Discussion on Registration Validity Doctrine of Housing Land Use Right,
Wenli Yu, in Asian Agricultural Research (2013)
Keywords: Agribusiness
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Registered author: Wenli Xu

A Baseline Medium-Scale NK DSGE Model for Policy Analysis,
Wenli Xu, from University Library of Munich, Germany (2019)
Keywords: DSGE Model ,Fiscal Policy ,Monetary Policy
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Family background, financial constraints and higher education attendance in China,
Wenli Li, in Economics of Education Review (2007) Downloads

Entrepreneurship and government subsidies: A general equilibrium analysis,
Wenli Li, in Journal of Economic Dynamics and Control (2002) Downloads

A Baseline DSGE model of Climate Change for Climate Policy Analysis,
Wenli Xu, from University Library of Munich, Germany (2020)
Keywords: DSGE, climate change, climate policy
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The impact of revenue diversification and economic base on state revenue stability,
Wenli Yan, in Journal of Public Budgeting, Accounting & Financial Management (2012) Downloads

Residential housing and personal bankruptcy,
Wenli Li, in Business Review (2009) Downloads

Moving up: trends in homeownership and mortgage indebtedness,
Wenli Li, in Business Review (2005)
Keywords: Mortgage loans; Home ownership
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What do we know about Chapter 13 personal bankruptcy filings?,
Wenli Li, in Business Review (2007)
Keywords: Bankruptcy
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The economics of student loan borrowing and repayment,
Wenli Li, in Business Review (2013)
Keywords: Student loans
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