In accordance with the economic data from Statistical Communique on National Economy and Social Development in Hubei Province in the period 1980-2009, we use co-integration analysis method to research the impact of GD...In accordance with the economic data from Statistical Communique on National Economy and Social Development in Hubei Province in the period 1980-2009, we use co-integration analysis method to research the impact of GDP growth on residents' consumer spending. Result shows that although there are differences between GDP and residents' consumer spending in the short term, the equilibrium relationship exists between them, namely, the co-integration relationship, showing consistency in trends.展开更多
This paper is an empirical analysis of provisional unrestricted level relationship between Nigerian domestic output measured by Gross Domestic Product (GDP) and government spending proxied by capital and recurrent exp...This paper is an empirical analysis of provisional unrestricted level relationship between Nigerian domestic output measured by Gross Domestic Product (GDP) and government spending proxied by capital and recurrent expenditures in the presence of static regressors such as crude oil prices and federal government retained revenues. We estimate an ARDL (1,0,1) using a single-equation approach. Results show that government expenditures have negative but statistically insignificant effects on domestic output in the long-run. Similarly, negative short run effects are established amongst the variables. However, recurrent expenditure is statistically significant in the short-run. Whilst federal government retained revenue has a positive and significant effect, crude oil price exhibited negative relationships with domestic output both at level and in the short-run dynamics. Also a high speed of adjustment implies that Nigerian Gross Domestic Product is extremely sensitive to shocks on the government spending in the long-run. An upward trend forecast between 2014 and 2020 is an indication of the continued positive impact and the government retained revenue will exert on the domestic output in the long-run.展开更多
The relationship among reserve ration, government spending and economic growth was analyzed. A monetary endogenous growth model is well developed by taking into account the growth-enhancing effects of re- serve-augmen...The relationship among reserve ration, government spending and economic growth was analyzed. A monetary endogenous growth model is well developed by taking into account the growth-enhancing effects of re- serve-augmenting seigniorage. If the government spends all the seigniorage revenue on the provision of a public input which has positive externality on the private sector’s production, some results to be utterly different from Bronx’s have been obtained: the economy has a unique saddle-balanced growth path, but it has nothing to do with reserve ratio. However, the higher reserve ratio, the faster speed of economic convergence.展开更多
As an aspect of human capital,a positive association exists amongst health,productivity,and growth in output per capita.On the other hand,social infrastructure defined by the institution of governance has a direct eff...As an aspect of human capital,a positive association exists amongst health,productivity,and growth in output per capita.On the other hand,social infrastructure defined by the institution of governance has a direct effect on the environment upon which productive activities take place to determine outcomes.Nigeria like most African countries is bedevilled by the high prevalence of inadequate health financing and poor governance.Health financing for Nigeria consistently has fallen short of the AU health funding commitment of 15%of annual budgetary allocation to the health sector.Secondly,poor governance conditions available resources and shape the state of infrastructure,particularly health infrastructure and socioeconomic conditions.In turn,this determines individuals’level of exposure to health risks and their capacity to actively contribute to productive activity for growth stimulation and sustainability.Against this backdrop,this study added to the existing literature in the context of Nigeria,by theoretically applying the Solow augmented Mankiw-Romer-Weil structural model in the examination of the impact of government size and governance quality in the health sector,on economic growth.Autoregressive Distributed Lag(ARDL)model was adopted in the estimation.Findings show that governance quality adversely affects growth and this reduces the capacity of health spending to stimulate growth by an almost equal margin.As a result,this study recommends legislative backing to the AU health funding commitment in Nigeria.展开更多
This paper measures the Chinese regional income distribution gap based on the Theil index with data of 31 provinces in China from 1998 to 2011. The results showed that overall the income gap between China's rural ...This paper measures the Chinese regional income distribution gap based on the Theil index with data of 31 provinces in China from 1998 to 2011. The results showed that overall the income gap between China's rural areas was on the rise from 1998 to 2006,and the income gap was mainly caused by the gap between the East China,Central China and West China. After 2006,it showed a slow decline. The dynamic panel data model established for consumer demand,spending habits,income,regional income disparities showed that income and regional income disparities significantly influence consumer demand of rural residents. Before 2006 regional income gap inhibited the consumption of rural residents,but it promoted consumption after 2006.展开更多
The middle-class and affluent consumers(MACs)in China’s small cities are driving China’s consumption growth to some extent while those in big cities are still important,according to a recent report by Tne Boston Con...The middle-class and affluent consumers(MACs)in China’s small cities are driving China’s consumption growth to some extent while those in big cities are still important,according to a recent report by Tne Boston Consuking Group(BCG).The report,titled"Chinese Consumers:Increasingly Optimistic but Also Realistic,"offers insights into the way Chinese consumers plan to spend as the country’s economy stabilizes.Consumption grwth is展开更多
The paper analyzes the practical use of management mode of small-scale farmland irrigation works in China,and studies various problems existing in the present management mode.It puts forward a mode named Water-consume...The paper analyzes the practical use of management mode of small-scale farmland irrigation works in China,and studies various problems existing in the present management mode.It puts forward a mode named Water-consumer Association which is the most practical one at present.It points out some rules which must be mastered in solving problems appearing in using this mode.展开更多
基金Supported by National Natural Science Foundation (60873021/F0201)
文摘In accordance with the economic data from Statistical Communique on National Economy and Social Development in Hubei Province in the period 1980-2009, we use co-integration analysis method to research the impact of GDP growth on residents' consumer spending. Result shows that although there are differences between GDP and residents' consumer spending in the short term, the equilibrium relationship exists between them, namely, the co-integration relationship, showing consistency in trends.
文摘This paper is an empirical analysis of provisional unrestricted level relationship between Nigerian domestic output measured by Gross Domestic Product (GDP) and government spending proxied by capital and recurrent expenditures in the presence of static regressors such as crude oil prices and federal government retained revenues. We estimate an ARDL (1,0,1) using a single-equation approach. Results show that government expenditures have negative but statistically insignificant effects on domestic output in the long-run. Similarly, negative short run effects are established amongst the variables. However, recurrent expenditure is statistically significant in the short-run. Whilst federal government retained revenue has a positive and significant effect, crude oil price exhibited negative relationships with domestic output both at level and in the short-run dynamics. Also a high speed of adjustment implies that Nigerian Gross Domestic Product is extremely sensitive to shocks on the government spending in the long-run. An upward trend forecast between 2014 and 2020 is an indication of the continued positive impact and the government retained revenue will exert on the domestic output in the long-run.
文摘The relationship among reserve ration, government spending and economic growth was analyzed. A monetary endogenous growth model is well developed by taking into account the growth-enhancing effects of re- serve-augmenting seigniorage. If the government spends all the seigniorage revenue on the provision of a public input which has positive externality on the private sector’s production, some results to be utterly different from Bronx’s have been obtained: the economy has a unique saddle-balanced growth path, but it has nothing to do with reserve ratio. However, the higher reserve ratio, the faster speed of economic convergence.
文摘As an aspect of human capital,a positive association exists amongst health,productivity,and growth in output per capita.On the other hand,social infrastructure defined by the institution of governance has a direct effect on the environment upon which productive activities take place to determine outcomes.Nigeria like most African countries is bedevilled by the high prevalence of inadequate health financing and poor governance.Health financing for Nigeria consistently has fallen short of the AU health funding commitment of 15%of annual budgetary allocation to the health sector.Secondly,poor governance conditions available resources and shape the state of infrastructure,particularly health infrastructure and socioeconomic conditions.In turn,this determines individuals’level of exposure to health risks and their capacity to actively contribute to productive activity for growth stimulation and sustainability.Against this backdrop,this study added to the existing literature in the context of Nigeria,by theoretically applying the Solow augmented Mankiw-Romer-Weil structural model in the examination of the impact of government size and governance quality in the health sector,on economic growth.Autoregressive Distributed Lag(ARDL)model was adopted in the estimation.Findings show that governance quality adversely affects growth and this reduces the capacity of health spending to stimulate growth by an almost equal margin.As a result,this study recommends legislative backing to the AU health funding commitment in Nigeria.
基金Humanities and Social Science Fund Project of the Ministry of Education(13YJA790069)Fundamental Research Funds for Central Universities(2013RW004)
文摘This paper measures the Chinese regional income distribution gap based on the Theil index with data of 31 provinces in China from 1998 to 2011. The results showed that overall the income gap between China's rural areas was on the rise from 1998 to 2006,and the income gap was mainly caused by the gap between the East China,Central China and West China. After 2006,it showed a slow decline. The dynamic panel data model established for consumer demand,spending habits,income,regional income disparities showed that income and regional income disparities significantly influence consumer demand of rural residents. Before 2006 regional income gap inhibited the consumption of rural residents,but it promoted consumption after 2006.
文摘The middle-class and affluent consumers(MACs)in China’s small cities are driving China’s consumption growth to some extent while those in big cities are still important,according to a recent report by Tne Boston Consuking Group(BCG).The report,titled"Chinese Consumers:Increasingly Optimistic but Also Realistic,"offers insights into the way Chinese consumers plan to spend as the country’s economy stabilizes.Consumption grwth is
基金Supported by Provincial Water Conservancy Research and Technology Promotion Project:Research on Key Technical Problems of Farmland Water Conservancy Projects in Shandong Province(SDSLKY201401)
文摘The paper analyzes the practical use of management mode of small-scale farmland irrigation works in China,and studies various problems existing in the present management mode.It puts forward a mode named Water-consumer Association which is the most practical one at present.It points out some rules which must be mastered in solving problems appearing in using this mode.
