China＇s economic growth miracle despite complicated administrative approval formalities prompted us to raise the following question： ls it true that reforming administrative approval will promote economic growth？ B...China＇s economic growth miracle despite complicated administrative approval formalities prompted us to raise the following question： ls it true that reforming administrative approval will promote economic growth？ Based on our analysis on market entry, we discovered that reforming administrative approval will spur economic growth by reducing transaction cost for firms. Administrative approval may suppress social cost and propel China＇s economic growth; China＇s gradualist approval reforms may indeed propel economic growth by reducing transaction cost for firms. With the data of prefecture-level cities during 2000-2013 and data of companies listed on the SME board during 2010-2014, we tested the effects of approval reforms on economic growth and on transaction cost, and employed instrumental variable and PSM for the treatment of the endogeneity problem - all these tests led to robust and consistent results. Moreover, we discovered that difference in government policy implementation in the approval process is the root cause of corruption and rent seeking.展开更多
In recent decades, there has been a great deal of investment in Portugal in the construction of new buildings to the detriment of the rehabilitation of existing ones. As a result, the historic centres of towns and cit...In recent decades, there has been a great deal of investment in Portugal in the construction of new buildings to the detriment of the rehabilitation of existing ones. As a result, the historic centres of towns and cities are deteriorating, while their suburbs are spreading. One of the main problems affecting the rehabilitation of residential buildings is that it is extremely difficult to accurately estimate the costs involved. Although there are established methods （and technical documents available） to aid the costing of new buildings, there is a lack of official information about the costs of rehabilitation work, particularly as regards the external envelope of buildings. This article demonstrates how to determine rehabilitation costs （with particular emphasis on the envelope of residential buildings） by gathering information from specialized companies, assessing price variability and consulting databases of rehabilitation costs from other countries. It also presents some examples of costing for particular rehabilitation jobs.展开更多
With the incessant development of power market reform,the existing cross-subsidy in electricity tariffs has become a critical problem in China's power industry development.On the basis of the theories of cross-sub...With the incessant development of power market reform,the existing cross-subsidy in electricity tariffs has become a critical problem in China's power industry development.On the basis of the theories of cross-subsidy and electricity universal service,the authors take foreign countries' experience as reference to design several solutions to cross-subsidies in electricity tariffs in different phases of China's power industry development.Furthermore,the application and implementation of these solutions are analyzed in this paper.展开更多
On August 25,2015 the CFHL technology for hydroupgrading of syncrude obtained from low-temperature Fischer-Tropsch synthesis had been successfully applied on the first in China 1.0 Mt/a indirect coal liquefaction unit.
文摘China＇s economic growth miracle despite complicated administrative approval formalities prompted us to raise the following question： ls it true that reforming administrative approval will promote economic growth？ Based on our analysis on market entry, we discovered that reforming administrative approval will spur economic growth by reducing transaction cost for firms. Administrative approval may suppress social cost and propel China＇s economic growth; China＇s gradualist approval reforms may indeed propel economic growth by reducing transaction cost for firms. With the data of prefecture-level cities during 2000-2013 and data of companies listed on the SME board during 2010-2014, we tested the effects of approval reforms on economic growth and on transaction cost, and employed instrumental variable and PSM for the treatment of the endogeneity problem - all these tests led to robust and consistent results. Moreover, we discovered that difference in government policy implementation in the approval process is the root cause of corruption and rent seeking.
文摘In recent decades, there has been a great deal of investment in Portugal in the construction of new buildings to the detriment of the rehabilitation of existing ones. As a result, the historic centres of towns and cities are deteriorating, while their suburbs are spreading. One of the main problems affecting the rehabilitation of residential buildings is that it is extremely difficult to accurately estimate the costs involved. Although there are established methods （and technical documents available） to aid the costing of new buildings, there is a lack of official information about the costs of rehabilitation work, particularly as regards the external envelope of buildings. This article demonstrates how to determine rehabilitation costs （with particular emphasis on the envelope of residential buildings） by gathering information from specialized companies, assessing price variability and consulting databases of rehabilitation costs from other countries. It also presents some examples of costing for particular rehabilitation jobs.
文摘With the incessant development of power market reform,the existing cross-subsidy in electricity tariffs has become a critical problem in China's power industry development.On the basis of the theories of cross-subsidy and electricity universal service,the authors take foreign countries' experience as reference to design several solutions to cross-subsidies in electricity tariffs in different phases of China's power industry development.Furthermore,the application and implementation of these solutions are analyzed in this paper.
文摘On August 25,2015 the CFHL technology for hydroupgrading of syncrude obtained from low-temperature Fischer-Tropsch synthesis had been successfully applied on the first in China 1.0 Mt/a indirect coal liquefaction unit.
