Productivity and international energy price shocks are reflected in PPI and CPI via industrial chains.China’s in-depth participation into the global value chains has increasingly lengthened its industrial production ...Productivity and international energy price shocks are reflected in PPI and CPI via industrial chains.China’s in-depth participation into the global value chains has increasingly lengthened its industrial production chains.The question is how the changing length of production chains will affect CPI and PPI,as well as CPI-PPI correlation?By constructing a global input-output price model,this paper offers a theoretical discussion on the impact of production chain length on the CPI-PPI divergence.Our findings suggest that the price shock of international bulk commodities has a greater impact on China’s PPI than that on CPI.The effects on both China’s PPI and CPI estimated by using the single-country input-output model are higher than the results estimated with the global input-output model.However,the difference between CPI and PPI variations estimated with the global input-output model is greater than the result estimated with the single-country input-output model,which supports the view that the lengthening of production chains,especially international production chains,leads to a divergence between CPI and PPI.Empirical results based on cross-national panel data also suggest that the lengthening of production chains has reduced the CPI-PPI correlation for countries,i.e.the lengthening of production chains has increased the PPI-CPI divergence.That is to say,policymakers should target not just CPI in maintaining price stability,but instead focus on the stability of both PPI and CPI.Efforts can be made to proactively adjust the price index system,and formulate the industrial chain price index.展开更多
Acceptance sampling is used to decide either the whole lot will be accepted or rejected,based on inspection of randomly sampled items from the same lot.As an alternative to traditional sampling plans,it is possible to...Acceptance sampling is used to decide either the whole lot will be accepted or rejected,based on inspection of randomly sampled items from the same lot.As an alternative to traditional sampling plans,it is possible to use Baye-sian approaches using previous knowledge on process variation.This study pre-sents a Bayesian two-sided group chain sampling plan(BTSGChSP)by using various combinations of design parameters.In BTSGChSP,inspection is based on preceding as well as succeeding lots.Poisson function is used to derive the probability of lot acceptance based on defective and non-defective products.Gamma distribution is considered as a suitable prior for Poisson distribution.Four quality regions are found,namely:(i)quality decision region(QDR),(ii)probabil-istic quality region(PQR),(iii)limiting quality region(LQR)and(iv)indifference quality region(IQR).Producer’s risk and consumer’s risk are considered to esti-mate the quality regions,where acceptable quality level(AQL)is associated with producer’s risk and limiting quality level(LQL)is associated with consumer’s risk.Moreover,AQL and LQL are used in the selection of design parameters for BTSGChSP.The values based on all possible combinations of design parameters for BTSGChSP are presented and inflection points’values are found.Thefinding exposes that BTSGChSP is a better substitute for the existing plan for industrial practitioners.展开更多
The Guangdong-Hong Kong-Macao Greater Bay Area is witnessing a surge in economic development,showcasing robust resilience in the co-agglomeration of producer services and manufacturing industries,along with the increa...The Guangdong-Hong Kong-Macao Greater Bay Area is witnessing a surge in economic development,showcasing robust resilience in the co-agglomeration of producer services and manufacturing industries,along with the increasingly evident impact generated by such co-agglomeration.Based on the panel data collected from ten cities in the Guangdong-Hong Kong-Macao Greater Bay Area(excluding Zhaoqing)spanning from 2010 to 2020,we examined the formation mechanism for industrial co-agglomeration in the area from three dimensions:industrial correlation,spatial correlation,and policy guidance.Our analysis was based on a vertical correlation model and was validated using the seemingly unrelated regressions(SUR)method.The findings are as follows:(a)There currently exists no spatial correlation between the producer services and manufacturing sectors in the area,and the correlation between the two remains limited to the former providing specialized services to the latter.(b)Policy guidance has a positive impact on the location selection of industries within the area.By implementing a comprehensive range of favorable policies,local governments can provide effective and scientifically guided recommendations regarding the location of producer services and manufacturing sectors.Therefore,it is crucial to foster the collaboration between producer services and manufacturing sectors and further enhance the co-agglomeration between the two sectors.In addition,the government authorities should also strive to enhance its economic governance capacity,thereby facilitating the formation of such co-agglomeration.展开更多
The Truth Chief Director:Hu Zhitang Length:Six Episodes Producer:Li Ni Broadcasting Platform:Bilibili,Migu Video It is a documentary series that lifts the mysterious veil of ancient Chinese forensic doctors for viewer...The Truth Chief Director:Hu Zhitang Length:Six Episodes Producer:Li Ni Broadcasting Platform:Bilibili,Migu Video It is a documentary series that lifts the mysterious veil of ancient Chinese forensic doctors for viewers to see how they cracked death codes before the era of modern medicine and anatomy.In the spirit of science,the film also uses modern forensic technology to verify and support the ancient testing methods.展开更多
1“Dear Afu,who is Beyonce?”“Beyonce is an American singer,songwriter,actress,record producer,and dancer,who set a record with 32 Grammy wins...”“Good.Tell me how I can have two girlfriends.”“Are you crazy?If yo...1“Dear Afu,who is Beyonce?”“Beyonce is an American singer,songwriter,actress,record producer,and dancer,who set a record with 32 Grammy wins...”“Good.Tell me how I can have two girlfriends.”“Are you crazy?If you do that,your secret won't go undis⁃covered!”展开更多
基金the Special Project of the National Science Foundation of China(NSFC)“Open Development of China’s Trade and Investment:Basic Patterns,Overall Effects,and the Dual Circulations Paradigm”(Grant No.72141309)NSFC General Project“GVC Restructuring Effect of Emergent Public Health Incidents:Based on the General Equilibrium Model Approach of the Production Networks Structure”(Grant No.72073142)+1 种基金NSFC General Project“China’s Industrialization Towards Mid-and High-End Value Chains:Theoretical Implications,Measurement and Analysis”(Grant No.71873142)the Youth project of The National Social Science Fund of China“Research on the green and low-carbon development path and policy optimization of China’s foreign trade under the goal of‘dual carbon’”(Grant No.22CJY019).
文摘Productivity and international energy price shocks are reflected in PPI and CPI via industrial chains.China’s in-depth participation into the global value chains has increasingly lengthened its industrial production chains.The question is how the changing length of production chains will affect CPI and PPI,as well as CPI-PPI correlation?By constructing a global input-output price model,this paper offers a theoretical discussion on the impact of production chain length on the CPI-PPI divergence.Our findings suggest that the price shock of international bulk commodities has a greater impact on China’s PPI than that on CPI.The effects on both China’s PPI and CPI estimated by using the single-country input-output model are higher than the results estimated with the global input-output model.However,the difference between CPI and PPI variations estimated with the global input-output model is greater than the result estimated with the single-country input-output model,which supports the view that the lengthening of production chains,especially international production chains,leads to a divergence between CPI and PPI.Empirical results based on cross-national panel data also suggest that the lengthening of production chains has reduced the CPI-PPI correlation for countries,i.e.the lengthening of production chains has increased the PPI-CPI divergence.That is to say,policymakers should target not just CPI in maintaining price stability,but instead focus on the stability of both PPI and CPI.Efforts can be made to proactively adjust the price index system,and formulate the industrial chain price index.
基金supported by the Ministry of Higher Education(MoHE)through Fundamental Research Grant Scheme(FRGS/1/2020/STG06/UUM/02/2).
文摘Acceptance sampling is used to decide either the whole lot will be accepted or rejected,based on inspection of randomly sampled items from the same lot.As an alternative to traditional sampling plans,it is possible to use Baye-sian approaches using previous knowledge on process variation.This study pre-sents a Bayesian two-sided group chain sampling plan(BTSGChSP)by using various combinations of design parameters.In BTSGChSP,inspection is based on preceding as well as succeeding lots.Poisson function is used to derive the probability of lot acceptance based on defective and non-defective products.Gamma distribution is considered as a suitable prior for Poisson distribution.Four quality regions are found,namely:(i)quality decision region(QDR),(ii)probabil-istic quality region(PQR),(iii)limiting quality region(LQR)and(iv)indifference quality region(IQR).Producer’s risk and consumer’s risk are considered to esti-mate the quality regions,where acceptable quality level(AQL)is associated with producer’s risk and limiting quality level(LQL)is associated with consumer’s risk.Moreover,AQL and LQL are used in the selection of design parameters for BTSGChSP.The values based on all possible combinations of design parameters for BTSGChSP are presented and inflection points’values are found.Thefinding exposes that BTSGChSP is a better substitute for the existing plan for industrial practitioners.
基金This paper is funded by the National Social Science Foundation of China entitled“A Study on the Role of Digital Technology in Facilitating the Integration of Modern Services and Advanced Manufacturing Sectors”(21BJY144)Major project supported by the Key Research Base of Humanities and Social Sciences in Universities of the Ministry of Education entitled“An Exploration of the Paths for Promoting High-level Opening Up in Guangdong-Hong Kong-Macao Greater Bay Area and Corresponding Measures”(22JD790056)Key project of Universities in Guangdong Province entitled“Research on Mechanism and Effect of Co-agglomeration of Producer Services and Manufacturing in Guangdong-Hong Kong-Macao Greater Bay Area”(2019WZDXM029).
文摘The Guangdong-Hong Kong-Macao Greater Bay Area is witnessing a surge in economic development,showcasing robust resilience in the co-agglomeration of producer services and manufacturing industries,along with the increasingly evident impact generated by such co-agglomeration.Based on the panel data collected from ten cities in the Guangdong-Hong Kong-Macao Greater Bay Area(excluding Zhaoqing)spanning from 2010 to 2020,we examined the formation mechanism for industrial co-agglomeration in the area from three dimensions:industrial correlation,spatial correlation,and policy guidance.Our analysis was based on a vertical correlation model and was validated using the seemingly unrelated regressions(SUR)method.The findings are as follows:(a)There currently exists no spatial correlation between the producer services and manufacturing sectors in the area,and the correlation between the two remains limited to the former providing specialized services to the latter.(b)Policy guidance has a positive impact on the location selection of industries within the area.By implementing a comprehensive range of favorable policies,local governments can provide effective and scientifically guided recommendations regarding the location of producer services and manufacturing sectors.Therefore,it is crucial to foster the collaboration between producer services and manufacturing sectors and further enhance the co-agglomeration between the two sectors.In addition,the government authorities should also strive to enhance its economic governance capacity,thereby facilitating the formation of such co-agglomeration.
文摘The Truth Chief Director:Hu Zhitang Length:Six Episodes Producer:Li Ni Broadcasting Platform:Bilibili,Migu Video It is a documentary series that lifts the mysterious veil of ancient Chinese forensic doctors for viewers to see how they cracked death codes before the era of modern medicine and anatomy.In the spirit of science,the film also uses modern forensic technology to verify and support the ancient testing methods.
文摘1“Dear Afu,who is Beyonce?”“Beyonce is an American singer,songwriter,actress,record producer,and dancer,who set a record with 32 Grammy wins...”“Good.Tell me how I can have two girlfriends.”“Are you crazy?If you do that,your secret won't go undis⁃covered!”
