A valence QCD theory is developed to study the valence quark properties of
hadrons. To keep only the valence degrees of freedom, the pair creation thr
ough the Z graphs is deleted in the connected insertions, whereas the sea q
uarks are eliminated in the disconnected insertions. This is achieved with
a new "valence QCD" Lagrangian where the action in the time direction is mo
dified so that the particle and antiparticle decouple. It is shown in this
valence version of QCD that the ratios of isovector to isoscalar matrix ele
ments (e.g., F-A/D-A and F-S/D-S ratios) in the nucleon reproduce the SU(6)
quark model predictions in a lattice QCD calculation. We also consider how
the hadron masses are affected on the lattice and discover new insights in
to the origin of dynamical mass generation. It is found that, within statis
tical errors, the nucleon and the Delta become degenerate for the quark mas
ses we have studied (ranging from 1 to 4 times the strange mass). The pi an
d rho become nearly degenerate in this range. It is shown that valence QCD
has the C, P, T symmetries. The lattice version is reflection positive. It
also has the vector and axial symmetries. The latter leads to a modified pa
rtially conserved axial Ward identity. As a result, the theory has a U(2N(F
)) symmetry in the particle-antiparticle space. Through lattice simulation,
it appears that this is dynamically broken down to U-q(N-F)xU(q)(-)(N-F).
Furthermore, the lattice simulation reveals spin degeneracy in the hadron m
asses and various matrix elements. This leads to an approximate U-q(2N(F))x
U(q)(-)(2N(F)) symmetry which is the basis for the valence quark model. In
addition, we find that the masses of N, Delta, rho, pi, a(1), and a(0) all
drop precipitously compared to their counterparts in the quenched QCD calcu
lation. This is interpreted as due to the disappearance of the ''constituen
t'' quark mass which is dynamically generated through tadpole diagrams. The
origin of the hyperfine splitting in the baryon is largely attributed to t
he Goldstone boson exchanges between the quarks. Both of these are the cons
equences of the lack of chiral symmetry in valence QCD. We discuss its impl
ications concerning the models of hadrons. [S0556-2821(99)01009-7].