This paper examines the effect of supply-side structural reforms on China's potential economic growth rate in the coming decade according to the data the authors have gathered. Under the rapid growth scenario with th...This paper examines the effect of supply-side structural reforms on China's potential economic growth rate in the coming decade according to the data the authors have gathered. Under the rapid growth scenario with the implementation of supply-side structural reforms, China's potential economic growth rate will reach an average of 6.5% and 5.8% respectively in the 13th Five-year Plan (2016-2020) and 14th Five-year Plan (2021-2025) periods. These rates are 0.2 and 0.3 percentage points higher, respectively, than that under the baseline scenario with the inertia of historic trends. In implementing supply-side structural reforms, China must transform governmental functions, break monopolies, create a comprehensive competitive market environment, foster the creation of pro-innovation mechanisms, refocus on quality and efficiency, and raise capital utilization and labor productivity.展开更多
Xi’an is situated at west China, the industrial structure the restriction function which grows to the economy is not balanced more obvious, uni? es the Xi’an actual situation, speeds up the supplies side constituti...Xi’an is situated at west China, the industrial structure the restriction function which grows to the economy is not balanced more obvious, uni? es the Xi’an actual situation, speeds up the supplies side constitutive property reform, the promotion industrial structure optimized promotion appears especially importantly. Firstly, this paper analyzes the present situation and development trend of supply-side reform at home and abroad. Based on the situation of Xi’an, the author analyzes ? ve production-side reforms, such as “de-production,” “de-stocking,” “deleveraging”, “cost reduction” The author puts forward the main problems of Xi’an’s supply-side reform to promote economic growth. Finally, it puts forward the path choice of supply-side reform to promote economic growth in Xi’an. Adhere to reform and expand and demand side, supply side in xian accurate docking, supply and demand in xi ‘an supply side reform should constantly improve production quality, give full play to the market on the supply side of the reform main body role and foster the subject of the new.展开更多
This paper creates an analytical framework for ongoing China's economic slowdown and reveals the major.factors affecting potential growth rate. First, proceeding from the factors that led to a decline in China 's po...This paper creates an analytical framework for ongoing China's economic slowdown and reveals the major.factors affecting potential growth rate. First, proceeding from the factors that led to a decline in China 's potential growth rate, this paper demonstrates that the slowdown since 2012 is not caused by demand-side shock.s' but is a natural result of the demographic transition and the change of economic development stage that stemmed from supply-side factors. It is therefore suggested that the demand- side perspective for cyclical analysis must be abandoned and the supply-side perspective for growth analysis ought to be followed Secondly, this paper argues that it is theoretically unjounded and empirically unconvincing for existing literature based on the growth perspective to simply apply the statistical pattern of "regression towards the mean" to forecast China 's growth outlook and thus arrive at pessimistic conclusions. On this basis, this paper identifies a host of initiatives that can significantly increase potential growth rates and proposes policy recommendations for deriving reform dividends foom supply-side structural reform.展开更多
After the 2008 financial crisis, reality prompts people to reflect on the traditional theoretical frameworks of economics and the practical experiences based on macro-control and "demand management." The new...After the 2008 financial crisis, reality prompts people to reflect on the traditional theoretical frameworks of economics and the practical experiences based on macro-control and "demand management." The new reality also stimulates innovative efforts to "connect theory with practice" and leads academia and decision-makers to pay unprecedented attention to "supply management" regulation and structural supply-side reforms. Based on the theoretical innovation of the "new supply-side economics," this paper systematically discusses China's supply-side reform and its related issues from four levels—the innovation of closely connecting theory with practice, the problem-oriented innovation of re-making the momentum system under the new normal, the innovation for overall and long-term goals based on comprehensive planning and systematic engineering, and the innovation of institutional supply centered on reforms and modernization.展开更多
The quality of economic growth is a prominent issue in the process of economic growth worldwide.This paper builds relevant econometric models and uses the provincial panel data from 2003 to 2015 to analyze the impact ...The quality of economic growth is a prominent issue in the process of economic growth worldwide.This paper builds relevant econometric models and uses the provincial panel data from 2003 to 2015 to analyze the impact of innovation drivers on China’s economic growth.The empirical results show that technological innovation and institutional innovation have a significant role in promoting the quality of China’s economic growth,and the effect of institutional innovation is stronger than that of technological innovation.In terms of regions,the innovation driver has the greatest contribution to the quality of economic growth in the eastern region of China,with the western and central parts ranking second and third.However,the role of institutional innovation in the eastern region is prominent,and the role of technological innovation is weak.Only institutional innovation in the central region has a significant role in promoting the quality of economic growth.Only technological innovation in the western region has a positive effect on the quality of economic growth,and the impact is weak.The regional differences in the impact of innovation-driven economic growth are obvious.展开更多
Intellectual capital(IC)has become a universal performance indicator for the socioeconomic development of countries and regions.Based on a review ofnational intellectualcapital(NIC)and regional intellectualcapital(RIC...Intellectual capital(IC)has become a universal performance indicator for the socioeconomic development of countries and regions.Based on a review ofnational intellectualcapital(NIC)and regional intellectualcapital(RIC)evaluation literature,we used the regional intellectualcapitalindicator(RICI)as a model for China’s RIC evaluation to indirectly understand China’s potential economic growth drivers.Specifically,we collected statisticaldata of31 provinces(including municipalities and autonomous regions)in China from 2004 to 2016to measure RICI and analyze its dynamic characteristics from temporal and spatial perspectives.In this paper,Delphi analysis was used to construct RICI model,and cluster analysisand exploratory spatial data analysis were used to analyze the temporal and spatial characteristics of RICI in China.The results showedthat RICI,which represents China’s overall economic growth drivers,increases annuallyand is consistent with economic developmentlevelduring the study period.Regarding the geo-spatial space,RICI follows the trend of“high in the east and low in the west”,gradually decreasing from eastern to western China.ForRIC structure,the shape of the radar chart of IC structure located in the eastern coastal areas is usually biased towards strong external relational capital,while that in western China is generally biased towards structural capital.For spatial correlation,China’s RICI has dependence on geographical adjacent space and economic space.Our research can provide policy suggestions for the sustainable development of regional economy from an IC perspective.展开更多
Rapid urbanization urges the immediate attention of policymakers to ensure sustainable city development.Under-standing the urban growth drivers is essential to address effective strategies for urbanization-related cha...Rapid urbanization urges the immediate attention of policymakers to ensure sustainable city development.Under-standing the urban growth drivers is essential to address effective strategies for urbanization-related challenges.This work aims to study Raiganj’s urban development and the factors associated with this expansion.This study employed global logistic regression(LR)and geographical weighted logistic regression(GWLR)to explore the role of different factors.The results showed that the role of the central business district(covariate>-1),commercial market(covariate>-3),and police station(covariate>-4)were significant to the development of new built-up areas.In the second period,major roads(covariate>-2)and new infrastructures(covariate>-4)became more relevant,particularly in the eastern and southern areas.GWLR was more accurate in assessing the different fac-tors’impact than LR.The results obtained are essential to understanding urban expansion in India’s medium-class cities,which is critical to effective policies for sustainable urbanization.展开更多
Launched in 2002, the Beiing–Tianjin Sand Source Control Project (BTSSCP) is an ecological restoration project intended to prevent desertification in China. Evidence from multiple sources has confirmed increases in v...Launched in 2002, the Beiing–Tianjin Sand Source Control Project (BTSSCP) is an ecological restoration project intended to prevent desertification in China. Evidence from multiple sources has confirmed increases in vegetation growth in the BTSSCP region since the initiation of this project. Precipitation and essential climate variable-soil moisture (ECV-SM) conditions are typically considered to be the main drivers of vegetation growth in this region. Although many studies have investigated the inter-annual variations of vegetation growth, few concerns have been focused on the annual and seasonal variations of vegetation growth and their climatic drivers, which are crucial for understanding the relationships among the climate, vegetation, and human activities at the regional scale. Based on the normalized difference vegetation index (NDVI) derived from MODIS and the corresponding climatic data, we explored the responses of vegetation growth to climatic factors at annual and seasonal scales in the BTSSCP region during the period 2000–2014. Over the study region as a whole, NDVI generally increased from 2000 to 2014, at a rate of 0.002/a. Vegetation growth is stimulated mainly by the elevated temperature in spring, whereas precipitation is the leading driver of summer greening. In autumn, positive effects of both temperature and precipitation on vegetation growth were observed. The warming in spring promotes vegetation growth but reduces ECV-SM. Summer greening has a strong cooling effect on land surface temperature. These results indicate that the ecological and environmental consequences of ecological restoration projects should be comprehensively evaluated.展开更多
Since reform and opening-up in 1978, changes in China's industrial structure have generally followed the pattern of "Kuznets facts" but still exhibits some unique characteristics, which led us to raise t...Since reform and opening-up in 1978, changes in China's industrial structure have generally followed the pattern of "Kuznets facts" but still exhibits some unique characteristics, which led us to raise the following three questions regarding China's structural transformation:(1) Why did the share of China's agricultural and manufacturing employment reduce/increase intermittently rather than continuously?(2) Why did the share of China's agricultural employment increase during certain periods? When the share of manufacturing employment reduced, why did the workforce reversely flow into agriculture rather than move to the service sector?(3) Why did growth in the share of China's service sector employment decelerate before reaching its peak? Why did the share of employment in the industrial sector suddenly increase after an abrupt decline? This paper creates a multisector economic growth model that contains non-homothetic preferences and differentiated productivity, and incorporates the "two drivers" therein for a demand-side estimation and analysis. The result shows that China's economic growth model driven by net export and investment is a critical factor for explaining the three questions regarding its structural transformation. This paper believes that only by implementing supply-side structural reforms, reducing the dependence on net export and investment, and achieving sustainable endogenous economic growth will China be able to expedite its industrial restructuring.展开更多
文摘This paper examines the effect of supply-side structural reforms on China's potential economic growth rate in the coming decade according to the data the authors have gathered. Under the rapid growth scenario with the implementation of supply-side structural reforms, China's potential economic growth rate will reach an average of 6.5% and 5.8% respectively in the 13th Five-year Plan (2016-2020) and 14th Five-year Plan (2021-2025) periods. These rates are 0.2 and 0.3 percentage points higher, respectively, than that under the baseline scenario with the inertia of historic trends. In implementing supply-side structural reforms, China must transform governmental functions, break monopolies, create a comprehensive competitive market environment, foster the creation of pro-innovation mechanisms, refocus on quality and efficiency, and raise capital utilization and labor productivity.
文摘Xi’an is situated at west China, the industrial structure the restriction function which grows to the economy is not balanced more obvious, uni? es the Xi’an actual situation, speeds up the supplies side constitutive property reform, the promotion industrial structure optimized promotion appears especially importantly. Firstly, this paper analyzes the present situation and development trend of supply-side reform at home and abroad. Based on the situation of Xi’an, the author analyzes ? ve production-side reforms, such as “de-production,” “de-stocking,” “deleveraging”, “cost reduction” The author puts forward the main problems of Xi’an’s supply-side reform to promote economic growth. Finally, it puts forward the path choice of supply-side reform to promote economic growth in Xi’an. Adhere to reform and expand and demand side, supply side in xian accurate docking, supply and demand in xi ‘an supply side reform should constantly improve production quality, give full play to the market on the supply side of the reform main body role and foster the subject of the new.
文摘This paper creates an analytical framework for ongoing China's economic slowdown and reveals the major.factors affecting potential growth rate. First, proceeding from the factors that led to a decline in China 's potential growth rate, this paper demonstrates that the slowdown since 2012 is not caused by demand-side shock.s' but is a natural result of the demographic transition and the change of economic development stage that stemmed from supply-side factors. It is therefore suggested that the demand- side perspective for cyclical analysis must be abandoned and the supply-side perspective for growth analysis ought to be followed Secondly, this paper argues that it is theoretically unjounded and empirically unconvincing for existing literature based on the growth perspective to simply apply the statistical pattern of "regression towards the mean" to forecast China 's growth outlook and thus arrive at pessimistic conclusions. On this basis, this paper identifies a host of initiatives that can significantly increase potential growth rates and proposes policy recommendations for deriving reform dividends foom supply-side structural reform.
文摘After the 2008 financial crisis, reality prompts people to reflect on the traditional theoretical frameworks of economics and the practical experiences based on macro-control and "demand management." The new reality also stimulates innovative efforts to "connect theory with practice" and leads academia and decision-makers to pay unprecedented attention to "supply management" regulation and structural supply-side reforms. Based on the theoretical innovation of the "new supply-side economics," this paper systematically discusses China's supply-side reform and its related issues from four levels—the innovation of closely connecting theory with practice, the problem-oriented innovation of re-making the momentum system under the new normal, the innovation for overall and long-term goals based on comprehensive planning and systematic engineering, and the innovation of institutional supply centered on reforms and modernization.
文摘The quality of economic growth is a prominent issue in the process of economic growth worldwide.This paper builds relevant econometric models and uses the provincial panel data from 2003 to 2015 to analyze the impact of innovation drivers on China’s economic growth.The empirical results show that technological innovation and institutional innovation have a significant role in promoting the quality of China’s economic growth,and the effect of institutional innovation is stronger than that of technological innovation.In terms of regions,the innovation driver has the greatest contribution to the quality of economic growth in the eastern region of China,with the western and central parts ranking second and third.However,the role of institutional innovation in the eastern region is prominent,and the role of technological innovation is weak.Only institutional innovation in the central region has a significant role in promoting the quality of economic growth.Only technological innovation in the western region has a positive effect on the quality of economic growth,and the impact is weak.The regional differences in the impact of innovation-driven economic growth are obvious.
基金This research received financial support from the National Social Science Foundationof China(13AJY004).
文摘Intellectual capital(IC)has become a universal performance indicator for the socioeconomic development of countries and regions.Based on a review ofnational intellectualcapital(NIC)and regional intellectualcapital(RIC)evaluation literature,we used the regional intellectualcapitalindicator(RICI)as a model for China’s RIC evaluation to indirectly understand China’s potential economic growth drivers.Specifically,we collected statisticaldata of31 provinces(including municipalities and autonomous regions)in China from 2004 to 2016to measure RICI and analyze its dynamic characteristics from temporal and spatial perspectives.In this paper,Delphi analysis was used to construct RICI model,and cluster analysisand exploratory spatial data analysis were used to analyze the temporal and spatial characteristics of RICI in China.The results showedthat RICI,which represents China’s overall economic growth drivers,increases annuallyand is consistent with economic developmentlevelduring the study period.Regarding the geo-spatial space,RICI follows the trend of“high in the east and low in the west”,gradually decreasing from eastern to western China.ForRIC structure,the shape of the radar chart of IC structure located in the eastern coastal areas is usually biased towards strong external relational capital,while that in western China is generally biased towards structural capital.For spatial correlation,China’s RICI has dependence on geographical adjacent space and economic space.Our research can provide policy suggestions for the sustainable development of regional economy from an IC perspective.
文摘Rapid urbanization urges the immediate attention of policymakers to ensure sustainable city development.Under-standing the urban growth drivers is essential to address effective strategies for urbanization-related challenges.This work aims to study Raiganj’s urban development and the factors associated with this expansion.This study employed global logistic regression(LR)and geographical weighted logistic regression(GWLR)to explore the role of different factors.The results showed that the role of the central business district(covariate>-1),commercial market(covariate>-3),and police station(covariate>-4)were significant to the development of new built-up areas.In the second period,major roads(covariate>-2)and new infrastructures(covariate>-4)became more relevant,particularly in the eastern and southern areas.GWLR was more accurate in assessing the different fac-tors’impact than LR.The results obtained are essential to understanding urban expansion in India’s medium-class cities,which is critical to effective policies for sustainable urbanization.
基金financially supported by the National Natural Science Foundation of China (31560135, 41361100)the Discipline Construction Fund Project of Gansu Agricultural University (GAU-XKJS-2018-104, GAU-XKJS-2018-108)the Gansu Science and Technology Support Program (1604FKCA088)
文摘Launched in 2002, the Beiing–Tianjin Sand Source Control Project (BTSSCP) is an ecological restoration project intended to prevent desertification in China. Evidence from multiple sources has confirmed increases in vegetation growth in the BTSSCP region since the initiation of this project. Precipitation and essential climate variable-soil moisture (ECV-SM) conditions are typically considered to be the main drivers of vegetation growth in this region. Although many studies have investigated the inter-annual variations of vegetation growth, few concerns have been focused on the annual and seasonal variations of vegetation growth and their climatic drivers, which are crucial for understanding the relationships among the climate, vegetation, and human activities at the regional scale. Based on the normalized difference vegetation index (NDVI) derived from MODIS and the corresponding climatic data, we explored the responses of vegetation growth to climatic factors at annual and seasonal scales in the BTSSCP region during the period 2000–2014. Over the study region as a whole, NDVI generally increased from 2000 to 2014, at a rate of 0.002/a. Vegetation growth is stimulated mainly by the elevated temperature in spring, whereas precipitation is the leading driver of summer greening. In autumn, positive effects of both temperature and precipitation on vegetation growth were observed. The warming in spring promotes vegetation growth but reduces ECV-SM. Summer greening has a strong cooling effect on land surface temperature. These results indicate that the ecological and environmental consequences of ecological restoration projects should be comprehensively evaluated.
文摘Since reform and opening-up in 1978, changes in China's industrial structure have generally followed the pattern of "Kuznets facts" but still exhibits some unique characteristics, which led us to raise the following three questions regarding China's structural transformation:(1) Why did the share of China's agricultural and manufacturing employment reduce/increase intermittently rather than continuously?(2) Why did the share of China's agricultural employment increase during certain periods? When the share of manufacturing employment reduced, why did the workforce reversely flow into agriculture rather than move to the service sector?(3) Why did growth in the share of China's service sector employment decelerate before reaching its peak? Why did the share of employment in the industrial sector suddenly increase after an abrupt decline? This paper creates a multisector economic growth model that contains non-homothetic preferences and differentiated productivity, and incorporates the "two drivers" therein for a demand-side estimation and analysis. The result shows that China's economic growth model driven by net export and investment is a critical factor for explaining the three questions regarding its structural transformation. This paper believes that only by implementing supply-side structural reforms, reducing the dependence on net export and investment, and achieving sustainable endogenous economic growth will China be able to expedite its industrial restructuring.