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
This paper builds a stochastic frontier educational production function model, estimating the primary educational productivity with annual data of 31 provinces from 2007 to 2011. The conclusions are as follows： （1）...This paper builds a stochastic frontier educational production function model, estimating the primary educational productivity with annual data of 31 provinces from 2007 to 2011. The conclusions are as follows： （1） in educational production function, output elasticity of public educational expenditure exceeds private educational expenditure＇s. The degrees of contribution of public and private educational expenditure reflect that China should increase public educational expenditure. （2） regional educational technical efficiency is affected by both structure of educational expenditure and levels of regional economic growth. Primary educational technical efficiency of east, middle and west regions all tended to fall down during 2007 to 2011.展开更多
According to the China Statistical Yearbook divided eight consumption expenditure, I set food, clothing, housing and household equipment and services as residents basic living expenses, of China＇ s rural pension repl...According to the China Statistical Yearbook divided eight consumption expenditure, I set food, clothing, housing and household equipment and services as residents basic living expenses, of China＇ s rural pension replacement rate level of demand is calculated. The financial revenue scale autoregressive model predicted 2010-2020, the scale of fiscal revenue, with Pratt ＆ Whitney type total pension should be of basic pension and substitution rate level of demand for pension accounts for fiscal revenue proportion of the international experience of fiscal income of 5% were measured and evaluated. The current basic pension in the short term to improve the life of the rural elderly has an important role, but the long-term need to continue to increase, should optimize the structure of fiscal expenditure.展开更多
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This paper builds a stochastic frontier educational production function model, estimating the primary educational productivity with annual data of 31 provinces from 2007 to 2011. The conclusions are as follows： （1） in educational production function, output elasticity of public educational expenditure exceeds private educational expenditure＇s. The degrees of contribution of public and private educational expenditure reflect that China should increase public educational expenditure. （2） regional educational technical efficiency is affected by both structure of educational expenditure and levels of regional economic growth. Primary educational technical efficiency of east, middle and west regions all tended to fall down during 2007 to 2011.
文摘According to the China Statistical Yearbook divided eight consumption expenditure, I set food, clothing, housing and household equipment and services as residents basic living expenses, of China＇ s rural pension replacement rate level of demand is calculated. The financial revenue scale autoregressive model predicted 2010-2020, the scale of fiscal revenue, with Pratt ＆ Whitney type total pension should be of basic pension and substitution rate level of demand for pension accounts for fiscal revenue proportion of the international experience of fiscal income of 5% were measured and evaluated. The current basic pension in the short term to improve the life of the rural elderly has an important role, but the long-term need to continue to increase, should optimize the structure of fiscal expenditure.
