It has been demonstrated by both domestic and international theories and empirical studies that inventory fluctuations are cyclical in nature, which makes it useful in monitoring how the economy is currently operating...It has been demonstrated by both domestic and international theories and empirical studies that inventory fluctuations are cyclical in nature, which makes it useful in monitoring how the economy is currently operating. Based on a survey o foyer 5,000 enterprises conducted by the People's Bank of China, we have attempted to compile a finished goods inventory index of the 5,000 enterprises. Through our analysis, we are able to determine that the 5,000 enterprises inventory index displays the basic features of pro-cyclicality and fits the business cycle with a lag of one quarter. Currently, the inventory index shows signs of declining after five consecutive months of increases, indicating that the expansion of enterprises'production is temporarily slowing down.展开更多
The EU market's free circulation principle severs the VAT chain at the EU States' borders, thus, encouraging VAT fraud. The increased "transit traffic" from outside the EU with final destination in EU countries al...The EU market's free circulation principle severs the VAT chain at the EU States' borders, thus, encouraging VAT fraud. The increased "transit traffic" from outside the EU with final destination in EU countries also contributes to VAT fraud. To examine this issue, we model some different collusive features of these frauds, on which basis we explore their effects on the international trade and the domestic market.展开更多
文摘It has been demonstrated by both domestic and international theories and empirical studies that inventory fluctuations are cyclical in nature, which makes it useful in monitoring how the economy is currently operating. Based on a survey o foyer 5,000 enterprises conducted by the People's Bank of China, we have attempted to compile a finished goods inventory index of the 5,000 enterprises. Through our analysis, we are able to determine that the 5,000 enterprises inventory index displays the basic features of pro-cyclicality and fits the business cycle with a lag of one quarter. Currently, the inventory index shows signs of declining after five consecutive months of increases, indicating that the expansion of enterprises'production is temporarily slowing down.
文摘The EU market's free circulation principle severs the VAT chain at the EU States' borders, thus, encouraging VAT fraud. The increased "transit traffic" from outside the EU with final destination in EU countries also contributes to VAT fraud. To examine this issue, we model some different collusive features of these frauds, on which basis we explore their effects on the international trade and the domestic market.