The new spatial agglomeration of an open economy should conform to the spatial agglomeration theory of the new economic geography and the characteristic conditions of the Chinese population,follow the historical pract...The new spatial agglomeration of an open economy should conform to the spatial agglomeration theory of the new economic geography and the characteristic conditions of the Chinese population,follow the historical practice and development trend of the spatial agglomeration of China’s open economy for the past 40 years since reform and opening up,fit the transformation of the development status and goals of the Chinese economy,and fulfill the requirements of the new era brought about by the new trends of economic globalization.It is necessary to guide the open economy towards a proper clustering in the central and western regions and accelerate the regional opening up.Meanwhile,in order to promote the proper distribution of production factors and the coordinated development of an open economy,we should facilitate the spatial optimization distribution of production factors by employing the comparative regional advantages and endowments,thereby improving the international competitiveness of China’s open economy.展开更多
Since Piketty offered a new view of capital/income ratio, numerous attempts have been made to examine the relationship between return on capital, economic growth and the capital/income ratio. This paper attempts to sh...Since Piketty offered a new view of capital/income ratio, numerous attempts have been made to examine the relationship between return on capital, economic growth and the capital/income ratio. This paper attempts to shed new light on this field. More precisely, following recent literatures that pay attention to dynamics of external balance sheets of countries, we examine if Piketty’s results for large countries are robust for a country that takes the world rate of return on capital as given and whose savings rate increases gradually from negative value. It is revealed that for such a country, (1) Kuznets curve is drawn and (2) capital/income ratio decreases in accordance with a rise in savings rate and return on capital.展开更多
In this paper, the impact of tariffs and exchange rate on consumption and investment in an open economy of scarcity of capital is analysed.The dynamics and market price of capital,and the solution of foreign asset hol...In this paper, the impact of tariffs and exchange rate on consumption and investment in an open economy of scarcity of capital is analysed.The dynamics and market price of capital,and the solution of foreign asset holding of the firm are discussed.Particular attention is also devoted to the social welfare aspects.展开更多
Nanjing’s Opening - outside Economy have made great progress, but there is stilla long distance to the rules of WTO. After China’s entering WTO, the local governments and enterprises must follow the rules of WTO. Th...Nanjing’s Opening - outside Economy have made great progress, but there is stilla long distance to the rules of WTO. After China’s entering WTO, the local governments and enterprises must follow the rules of WTO. This paper gives eight suggestions and strategies aimedly with an objective analysis of Nanjing’s shortages in the opening -outside economy.展开更多
By a linear Cournot model, the factors associated with the integration of two firms are discussed in terms of their effects on the private surplus and the social welfare in economies with varying extent of openness. M...By a linear Cournot model, the factors associated with the integration of two firms are discussed in terms of their effects on the private surplus and the social welfare in economies with varying extent of openness. Meanwhile, the trade policy of the host government is taken into account. It is concluded that the more open the economy and the more intense the competition, the less profitable the integration; the most important determinant to the changes of the domestic social welfare is the industry strength of the host country. The host authority can enhance the domestic social welfare in two ways： to adjust the trade policy and to only approve the socially desirable cross-border mergers and acquisitions.展开更多
The discussions on RMB exchange rate could not depart from the ongoing reform of RMB exchange rate regime,which must be designed and promoted as an integral part of the large open economy macroeconomic policy framewor...The discussions on RMB exchange rate could not depart from the ongoing reform of RMB exchange rate regime,which must be designed and promoted as an integral part of the large open economy macroeconomic policy framework.As a large open economy facing the trilemma,China should explicitly establish the principle of domestic monetary policy dominance in the impossible trinity,with the exchange rate policy and capital account management should both conform to this fundamental principle.Simplistically pegging RMB to the US dollar will result in lack of flexibility and violate this principle.Especially against the backdrop of unsynchronized economic cycles of major economies and the prospect of further Fed tighten up,that the real effective exchange rate of RMB moves passively along with the US dollar cannot reflect the relative changes in economic fundamentals in China and abroad,which will cause distortions,resulting in resource misallocations and loss of welfare.The reform of RMB exchange rate regime should be market-oriented,towards a direction with more flexibility.展开更多
文摘The new spatial agglomeration of an open economy should conform to the spatial agglomeration theory of the new economic geography and the characteristic conditions of the Chinese population,follow the historical practice and development trend of the spatial agglomeration of China’s open economy for the past 40 years since reform and opening up,fit the transformation of the development status and goals of the Chinese economy,and fulfill the requirements of the new era brought about by the new trends of economic globalization.It is necessary to guide the open economy towards a proper clustering in the central and western regions and accelerate the regional opening up.Meanwhile,in order to promote the proper distribution of production factors and the coordinated development of an open economy,we should facilitate the spatial optimization distribution of production factors by employing the comparative regional advantages and endowments,thereby improving the international competitiveness of China’s open economy.
文摘Since Piketty offered a new view of capital/income ratio, numerous attempts have been made to examine the relationship between return on capital, economic growth and the capital/income ratio. This paper attempts to shed new light on this field. More precisely, following recent literatures that pay attention to dynamics of external balance sheets of countries, we examine if Piketty’s results for large countries are robust for a country that takes the world rate of return on capital as given and whose savings rate increases gradually from negative value. It is revealed that for such a country, (1) Kuznets curve is drawn and (2) capital/income ratio decreases in accordance with a rise in savings rate and return on capital.
基金Project supported by Sichuan Youth Science and Technology Foundation(2 61 ) and Laboratory ofManagementDecision and Informat
文摘In this paper, the impact of tariffs and exchange rate on consumption and investment in an open economy of scarcity of capital is analysed.The dynamics and market price of capital,and the solution of foreign asset holding of the firm are discussed.Particular attention is also devoted to the social welfare aspects.
文摘Nanjing’s Opening - outside Economy have made great progress, but there is stilla long distance to the rules of WTO. After China’s entering WTO, the local governments and enterprises must follow the rules of WTO. This paper gives eight suggestions and strategies aimedly with an objective analysis of Nanjing’s shortages in the opening -outside economy.
基金The National Natural Science Foundationof China (No.70372057)
文摘By a linear Cournot model, the factors associated with the integration of two firms are discussed in terms of their effects on the private surplus and the social welfare in economies with varying extent of openness. Meanwhile, the trade policy of the host government is taken into account. It is concluded that the more open the economy and the more intense the competition, the less profitable the integration; the most important determinant to the changes of the domestic social welfare is the industry strength of the host country. The host authority can enhance the domestic social welfare in two ways： to adjust the trade policy and to only approve the socially desirable cross-border mergers and acquisitions.
文摘The discussions on RMB exchange rate could not depart from the ongoing reform of RMB exchange rate regime,which must be designed and promoted as an integral part of the large open economy macroeconomic policy framework.As a large open economy facing the trilemma,China should explicitly establish the principle of domestic monetary policy dominance in the impossible trinity,with the exchange rate policy and capital account management should both conform to this fundamental principle.Simplistically pegging RMB to the US dollar will result in lack of flexibility and violate this principle.Especially against the backdrop of unsynchronized economic cycles of major economies and the prospect of further Fed tighten up,that the real effective exchange rate of RMB moves passively along with the US dollar cannot reflect the relative changes in economic fundamentals in China and abroad,which will cause distortions,resulting in resource misallocations and loss of welfare.The reform of RMB exchange rate regime should be market-oriented,towards a direction with more flexibility.
