There are many defects in researches on the relationship of the regional financial development (FD) and economic growth of China, such as simply assuming the causality direction, not highlighting financial institution...There are many defects in researches on the relationship of the regional financial development (FD) and economic growth of China, such as simply assuming the causality direction, not highlighting financial institution, using incomplete financial indicator, etc. This article, taking Suzhou City of Jiangsu Province, China as a case, builds a simple model to study the level of FD from three aspects of financial scale, structure and institution. Three original indicators of PRIVY (private investment/aggregate investment), DEPTH (aggregate loan/GDP) and FDIVG (FDI/GDP) are used to construct the FD economic indicator through Principal Component Analysis approach. Then we use Granger method to analyze the relationship between the FD and the economic growth of Suzhou. Empirical test results show that the FD of Suzhou is the Granger reason of economic growth, while economic growth is not the reason for FD, because the relationship between the FD and the economic growth of Suzhou is just in the ″supply-leading″ period. In terms of Suzhou experiences, the local government should strengthen the protection of private investment, improve the institutional environment, and establish the reasonable financial structure. So we can concluded that FD could play a great role in promoting economic growth at the economy takeoff stage.展开更多
Democratic society requires that press freedom is reflected through the preservation of human rights. The aim of this study was to analyse quantitatively the media discourse in the environment of Galicia to see how th...Democratic society requires that press freedom is reflected through the preservation of human rights. The aim of this study was to analyse quantitatively the media discourse in the environment of Galicia to see how they deal with different aspects related to the subject. The papers used for the study were for the months from January to September Faro fie Vigo and La Voz de Galicia, in order to establish whether there is a constant in the treatment is done, especially in regard to topics, dedicated spaces, sources and so on.展开更多
American foreign strategy has had strong continuity since World War II despite differences among successive presidents. Donald Trump's 2016 presidential campaign revealed ideas and goals for US strategy and strate...American foreign strategy has had strong continuity since World War II despite differences among successive presidents. Donald Trump's 2016 presidential campaign revealed ideas and goals for US strategy and strategy adjustment that differ significantly from those of predecessors. The decline in relative gains and rise in cost for US involvement in globalization are reasons for Trump to redirect US foreign strategy. The relative decrease of both US trade and foreign direct investment in the US, amid security threats and the identity crisis of the American people, has tremendously increased the pricetag for US involvement in globalization.展开更多
China＇s economic and social ties with Africa have grown sturdily since 2000 and the shifts are so marked that, by 2009, China＇s share in sub-Saharan Africa＇s total exports and imports exceeded that between China an...China＇s economic and social ties with Africa have grown sturdily since 2000 and the shifts are so marked that, by 2009, China＇s share in sub-Saharan Africa＇s total exports and imports exceeded that between China and other regions in the world. Africa has as well received year-on-year increases in foreign aid from China as compared to Latin America and Asia. This paper seeks an analysis of the increasing economic and social ties between China and Africa. Employing the political economy framework, this paper uses secondary sources of data to rake out the benefits and the threats as well as the political dynamics associated with the ties between the two regions. The paper reveals that China＇s deep-rooted relationship with Africa is translated in benefits including foreign aid, Foreign Direct Investment （FDI）, construction of physical amenities and human resource development for Africa. However, enormous threats including loss of employment, deprivation of human rights and collapse of industries, which are being entrenched by various degrees of leadership deficiencies, are apparent. The paper concludes that the ties, in terms of nature and effects, do not essentially represent change from the already existing ties between Africa and the West but only represent continuity in the dependency syndrome with a new ＂benefactor-exploiter＂. The solution for Africa, as the paper suggests, does not lie in closure of ties with China but in a knowledgeable, willing and action-oriented leadership which can consolidate the benefits and reverse the threats emerging from the ties.展开更多
This paper has empirical character and investigates locational determinants of the inward foreign direct investment （FDI） stock among 50 states of the United States. The analysis uses annual data for the period from...This paper has empirical character and investigates locational determinants of the inward foreign direct investment （FDI） stock among 50 states of the United States. The analysis uses annual data for the period from 1997 to 2007. The study identifies several state-specific determinants of FDI and investigates the changes in their importance during the study period. Our results show that among the major determinants, the real per capita income, real per capita expenditure on education, FDI related employment, plus real research and development expenditure are found to have a significant positive impact on inward FDI. There is also evidence that manufacturing density and unionization exert a small positive impact on inward FDI. In addition, per capita state taxes, the share of scientists and engineers in the workforce, real capital expenditure, and unemployment rate exert a negative impact on FDI.展开更多
A goal of transfer pricing may be to maximize after tax revenue by setting transfer prices that reduce the total tax paid. ＂Transfer pricing＂ is the pricing of products or services provided by one division to other ...A goal of transfer pricing may be to maximize after tax revenue by setting transfer prices that reduce the total tax paid. ＂Transfer pricing＂ is the pricing of products or services provided by one division to other division of the same corporate entity. Most of the corporate entities are using the method of ＂Window dressing＂, which is a technique used in preparation of financial statements of corporate entities. A transnational corporation is any enterprise that undertakes Foreign Direct Investment （FDI）, owns or controls income gathering assets in more than one country, produces goods or services outsides its country of origin, or engages in international production. Profitability of the transnational corporate entities is being manipulated by the technique of transfer pricing. Abuse of transfer prices is a key tool used by the corporate entities to think that they have virtually no profit; hence, they shouldn＇t pay any taxes. India needs to realize the fundamental need for co-operation among tax administrations in order to remove the obstacles that international double taxation presents to the free movement of goods, services and capital between various countries. In this context, one needs to consider that transactions among associated enterprises may take place under different conditions from those taking place among independent enterprises, while enforcing the act of transfer price mechanism. This paper focuses on transfer pricing and its implications in transnational transactions.展开更多
基金Under the auspices of China Postdoctoral Science Foundation (No. 20070420271, 20018801012)
文摘There are many defects in researches on the relationship of the regional financial development (FD) and economic growth of China, such as simply assuming the causality direction, not highlighting financial institution, using incomplete financial indicator, etc. This article, taking Suzhou City of Jiangsu Province, China as a case, builds a simple model to study the level of FD from three aspects of financial scale, structure and institution. Three original indicators of PRIVY (private investment/aggregate investment), DEPTH (aggregate loan/GDP) and FDIVG (FDI/GDP) are used to construct the FD economic indicator through Principal Component Analysis approach. Then we use Granger method to analyze the relationship between the FD and the economic growth of Suzhou. Empirical test results show that the FD of Suzhou is the Granger reason of economic growth, while economic growth is not the reason for FD, because the relationship between the FD and the economic growth of Suzhou is just in the ″supply-leading″ period. In terms of Suzhou experiences, the local government should strengthen the protection of private investment, improve the institutional environment, and establish the reasonable financial structure. So we can concluded that FD could play a great role in promoting economic growth at the economy takeoff stage.
文摘Democratic society requires that press freedom is reflected through the preservation of human rights. The aim of this study was to analyse quantitatively the media discourse in the environment of Galicia to see how they deal with different aspects related to the subject. The papers used for the study were for the months from January to September Faro fie Vigo and La Voz de Galicia, in order to establish whether there is a constant in the treatment is done, especially in regard to topics, dedicated spaces, sources and so on.
基金financially supported by a major project of the National SocialSciences Fund(Project 13&ZD049)
文摘American foreign strategy has had strong continuity since World War II despite differences among successive presidents. Donald Trump's 2016 presidential campaign revealed ideas and goals for US strategy and strategy adjustment that differ significantly from those of predecessors. The decline in relative gains and rise in cost for US involvement in globalization are reasons for Trump to redirect US foreign strategy. The relative decrease of both US trade and foreign direct investment in the US, amid security threats and the identity crisis of the American people, has tremendously increased the pricetag for US involvement in globalization.
文摘China＇s economic and social ties with Africa have grown sturdily since 2000 and the shifts are so marked that, by 2009, China＇s share in sub-Saharan Africa＇s total exports and imports exceeded that between China and other regions in the world. Africa has as well received year-on-year increases in foreign aid from China as compared to Latin America and Asia. This paper seeks an analysis of the increasing economic and social ties between China and Africa. Employing the political economy framework, this paper uses secondary sources of data to rake out the benefits and the threats as well as the political dynamics associated with the ties between the two regions. The paper reveals that China＇s deep-rooted relationship with Africa is translated in benefits including foreign aid, Foreign Direct Investment （FDI）, construction of physical amenities and human resource development for Africa. However, enormous threats including loss of employment, deprivation of human rights and collapse of industries, which are being entrenched by various degrees of leadership deficiencies, are apparent. The paper concludes that the ties, in terms of nature and effects, do not essentially represent change from the already existing ties between Africa and the West but only represent continuity in the dependency syndrome with a new ＂benefactor-exploiter＂. The solution for Africa, as the paper suggests, does not lie in closure of ties with China but in a knowledgeable, willing and action-oriented leadership which can consolidate the benefits and reverse the threats emerging from the ties.
文摘This paper has empirical character and investigates locational determinants of the inward foreign direct investment （FDI） stock among 50 states of the United States. The analysis uses annual data for the period from 1997 to 2007. The study identifies several state-specific determinants of FDI and investigates the changes in their importance during the study period. Our results show that among the major determinants, the real per capita income, real per capita expenditure on education, FDI related employment, plus real research and development expenditure are found to have a significant positive impact on inward FDI. There is also evidence that manufacturing density and unionization exert a small positive impact on inward FDI. In addition, per capita state taxes, the share of scientists and engineers in the workforce, real capital expenditure, and unemployment rate exert a negative impact on FDI.
文摘A goal of transfer pricing may be to maximize after tax revenue by setting transfer prices that reduce the total tax paid. ＂Transfer pricing＂ is the pricing of products or services provided by one division to other division of the same corporate entity. Most of the corporate entities are using the method of ＂Window dressing＂, which is a technique used in preparation of financial statements of corporate entities. A transnational corporation is any enterprise that undertakes Foreign Direct Investment （FDI）, owns or controls income gathering assets in more than one country, produces goods or services outsides its country of origin, or engages in international production. Profitability of the transnational corporate entities is being manipulated by the technique of transfer pricing. Abuse of transfer prices is a key tool used by the corporate entities to think that they have virtually no profit; hence, they shouldn＇t pay any taxes. India needs to realize the fundamental need for co-operation among tax administrations in order to remove the obstacles that international double taxation presents to the free movement of goods, services and capital between various countries. In this context, one needs to consider that transactions among associated enterprises may take place under different conditions from those taking place among independent enterprises, while enforcing the act of transfer price mechanism. This paper focuses on transfer pricing and its implications in transnational transactions.
