From the importance of the money-interest conduct mechanism to the effect of money policy and the two principal factors,which is critical to the effective money-interest conduct mechanism,we analyze the relationship b...From the importance of the money-interest conduct mechanism to the effect of money policy and the two principal factors,which is critical to the effective money-interest conduct mechanism,we analyze the relationship between the high-powered money supply and the LIBOR of China which is in marketable from 1996.The results shows that it is not only sensitive but also in accord with the marketable infinite reasonableness if the interest is not decided in advice.To policy,this implies that we can push on the interest rate reform in a good environment.In the meanwhile,the results also sustain the Taylor rules from a side.展开更多
In this paper,the COLS technique is used to estimate the definite statistical boundary product faction of the society,the agriculture,the state\|owned enterprises and the rural enterprises.Then based on this,we get fo...In this paper,the COLS technique is used to estimate the definite statistical boundary product faction of the society,the agriculture,the state\|owned enterprises and the rural enterprises.Then based on this,we get four series of their relative production efficacy.Through the statistical analysis to these series,we get some results,which indicate that:in general,we can consider that the money is really an important factor to effect the relative production efficiency;but the relative production efficiency don’t rises with the financial depth.展开更多
There are two different explains about the relationship of financial development and economic growth,which are the theory of financial structure and theory financial restrain.No matter what for the economic analysis o...There are two different explains about the relationship of financial development and economic growth,which are the theory of financial structure and theory financial restrain.No matter what for the economic analysis or for the financial policy,it is important to distinguish the importance of each financial variables and its effect to the economic growth efficiency.In order to avoid the failure caused by the variables high relation,we first distinguish the two theories using the nonested test technology.Then based on this,we analyze the effects how the financial variables impact on the economic growth efficiency using the principal component.Form this,we get the effective variables to describe the economic growth efficiency and the financial deepenth under all kinds of models.展开更多
The flowing of foreign capital is related with the economic security of one countries.The experiences and lessons of many developing countries show that the impact of the foreign capital to the domestic economic is of...The flowing of foreign capital is related with the economic security of one countries.The experiences and lessons of many developing countries show that the impact of the foreign capital to the domestic economic is often the most important factors of the financial crisis.So it is important to a analysis the foreign capital economic growth effect.Based on the endogenous economic growth model,this paper first districts the three cases of the foreign capital impact and give the three factors of the foreign capital affecting to the economic path.The using the sample data of China,we analyze the three factors.The results show that all the three factor effets are all positive,which means that the foreign capital utility of China is efficiency.展开更多
文摘From the importance of the money-interest conduct mechanism to the effect of money policy and the two principal factors,which is critical to the effective money-interest conduct mechanism,we analyze the relationship between the high-powered money supply and the LIBOR of China which is in marketable from 1996.The results shows that it is not only sensitive but also in accord with the marketable infinite reasonableness if the interest is not decided in advice.To policy,this implies that we can push on the interest rate reform in a good environment.In the meanwhile,the results also sustain the Taylor rules from a side.
文摘In this paper,the COLS technique is used to estimate the definite statistical boundary product faction of the society,the agriculture,the state\|owned enterprises and the rural enterprises.Then based on this,we get four series of their relative production efficacy.Through the statistical analysis to these series,we get some results,which indicate that:in general,we can consider that the money is really an important factor to effect the relative production efficiency;but the relative production efficiency don’t rises with the financial depth.
文摘There are two different explains about the relationship of financial development and economic growth,which are the theory of financial structure and theory financial restrain.No matter what for the economic analysis or for the financial policy,it is important to distinguish the importance of each financial variables and its effect to the economic growth efficiency.In order to avoid the failure caused by the variables high relation,we first distinguish the two theories using the nonested test technology.Then based on this,we analyze the effects how the financial variables impact on the economic growth efficiency using the principal component.Form this,we get the effective variables to describe the economic growth efficiency and the financial deepenth under all kinds of models.
文摘The flowing of foreign capital is related with the economic security of one countries.The experiences and lessons of many developing countries show that the impact of the foreign capital to the domestic economic is often the most important factors of the financial crisis.So it is important to a analysis the foreign capital economic growth effect.Based on the endogenous economic growth model,this paper first districts the three cases of the foreign capital impact and give the three factors of the foreign capital affecting to the economic path.The using the sample data of China,we analyze the three factors.The results show that all the three factor effets are all positive,which means that the foreign capital utility of China is efficiency.
