Northeast Asia with China, Japan and South Korea as the main components has drawn more and more attention worldwide. Many scholars have researched on the prospect of some alternatives of regional economic integration ...Northeast Asia with China, Japan and South Korea as the main components has drawn more and more attention worldwide. Many scholars have researched on the prospect of some alternatives of regional economic integration in Northeast Asia and/or Yellow Sea Rim as its core area. In this paper the authors start with an introduction of the major arguments embracing Yellow Sea Rim regionalism, and attempt to identify the dynamics challenging the proposed approaches of sub regionalism of Northeast Asia. The paper firstly gives a brief review on the update development of bilateral economic exchanges, mainly Sino Japanese and Sino South Korean trades and direct investments with related contemporary issues. When the changing pattern of economic interactions is analyzed, special concerns are given to the possibility to realize the supposed potential of regional economic cooperation mainly based on economic complementarity among the related regions of China, North Korea, South Korea, and Japan. The authors then made their major efforts on putting forward possible approaches of multilateral cooperation of three countries in the near future, that is, deepened cooperation in selected sectors of industry and transportation and coordinated development among major cities. The authors stress that the development of sub regional sectoral cooperation and the formation of interactive network of city regions via social and economic interactions at local level are significant to the future regional integrated development in Northeast Asia.展开更多
It is very important to establish cooperative mechanism to guarantee allmembers to develop their e-conomies in the Yellow Sea Rim. In this paper, the development strategiesof shipping centers and transportation networ...It is very important to establish cooperative mechanism to guarantee allmembers to develop their e-conomies in the Yellow Sea Rim. In this paper, the development strategiesof shipping centers and transportation network are discussed based on economic globalizationtendency. The results argue that a united transportation network should be built in order to promotethe economic competition of Northeast Asia in the world. As a key component of the economiccooperation, a hierarchical shipping centers network should be established with Hong Kong, Shanghai,Pusan, Kobe, and Tokyo as cores. The authorities of China, Japan, R. 0. Korea and D. P. R. Koreashould make more efforts to build a set of cooperation institutions based on raising thetransportation efficiency.展开更多
Ecological economics and sustainable development economics are the basic theories to research on circulareconomy. Through the systemically research on the relationship of the three above, this paper thinks that the re...Ecological economics and sustainable development economics are the basic theories to research on circulareconomy. Through the systemically research on the relationship of the three above, this paper thinks that the reuse andrecycle of circular economy is a way that the stall is mended after a sheep is lost. Although the reduction technicallycontrols the production process, it cannot solve the waste caused by blind production and excess competition. We haveexperienced variety obstacles when implementing the circular economy, whose main reason is the conflict between theindividual ration and the social ration. Therefore, only when the individual ration and social ration incline to conformity,the cooperating Nash equilibrium will be appeared. In order to realize the harmony of ecology, economy and society, wehave to explore effective evaluation theory. This paper cites the "five flows of wealth operation theory" from professorMa Chuandong to search operation mechanism of circular economy, makes clear the developing thoughts of circulareconomy based on the realities, and brings forward some countermeasures to develop circular economy based on theabove theoretical analysis.展开更多
Taiwan and China's Mainland signed the Economic Cooperation Framework Agreement （ECFA） on 29th June, 2010. The ECFA is a landmark bilateral trade agreement that can make Taiwan a new gateway to China's Mainl...Taiwan and China's Mainland signed the Economic Cooperation Framework Agreement （ECFA） on 29th June, 2010. The ECFA is a landmark bilateral trade agreement that can make Taiwan a new gateway to China's Mainland. However, the Taiwan Residents petrochemical industry would be very disappointed with the early harvest list as it excluded some critical export items. The purpose of this paper is to amend the understanding of the possible impact on petrochemical market after ECFA is enacted. The authors examine the cumulative daily response of stock prices to five announcements about the ECFA and evaluate the existence of the abnormal return. The authors use daily data from January 2010 to February 2011 to employ an event study approach. The empirical results suggest that the three ECFA announcement dates, as well as the signing date, show significantly negative abnormal return due to the prior positive cumulative response of Taiwan chemicals listed stock prices. This paper can provide the petrochemical industry manufacturer, owners, and investors with further insights into how chemicals stock returns react to a big event like ECFA.展开更多
文摘Northeast Asia with China, Japan and South Korea as the main components has drawn more and more attention worldwide. Many scholars have researched on the prospect of some alternatives of regional economic integration in Northeast Asia and/or Yellow Sea Rim as its core area. In this paper the authors start with an introduction of the major arguments embracing Yellow Sea Rim regionalism, and attempt to identify the dynamics challenging the proposed approaches of sub regionalism of Northeast Asia. The paper firstly gives a brief review on the update development of bilateral economic exchanges, mainly Sino Japanese and Sino South Korean trades and direct investments with related contemporary issues. When the changing pattern of economic interactions is analyzed, special concerns are given to the possibility to realize the supposed potential of regional economic cooperation mainly based on economic complementarity among the related regions of China, North Korea, South Korea, and Japan. The authors then made their major efforts on putting forward possible approaches of multilateral cooperation of three countries in the near future, that is, deepened cooperation in selected sectors of industry and transportation and coordinated development among major cities. The authors stress that the development of sub regional sectoral cooperation and the formation of interactive network of city regions via social and economic interactions at local level are significant to the future regional integrated development in Northeast Asia.
文摘It is very important to establish cooperative mechanism to guarantee allmembers to develop their e-conomies in the Yellow Sea Rim. In this paper, the development strategiesof shipping centers and transportation network are discussed based on economic globalizationtendency. The results argue that a united transportation network should be built in order to promotethe economic competition of Northeast Asia in the world. As a key component of the economiccooperation, a hierarchical shipping centers network should be established with Hong Kong, Shanghai,Pusan, Kobe, and Tokyo as cores. The authorities of China, Japan, R. 0. Korea and D. P. R. Koreashould make more efforts to build a set of cooperation institutions based on raising thetransportation efficiency.
文摘Ecological economics and sustainable development economics are the basic theories to research on circulareconomy. Through the systemically research on the relationship of the three above, this paper thinks that the reuse andrecycle of circular economy is a way that the stall is mended after a sheep is lost. Although the reduction technicallycontrols the production process, it cannot solve the waste caused by blind production and excess competition. We haveexperienced variety obstacles when implementing the circular economy, whose main reason is the conflict between theindividual ration and the social ration. Therefore, only when the individual ration and social ration incline to conformity,the cooperating Nash equilibrium will be appeared. In order to realize the harmony of ecology, economy and society, wehave to explore effective evaluation theory. This paper cites the "five flows of wealth operation theory" from professorMa Chuandong to search operation mechanism of circular economy, makes clear the developing thoughts of circulareconomy based on the realities, and brings forward some countermeasures to develop circular economy based on theabove theoretical analysis.
文摘Taiwan and China's Mainland signed the Economic Cooperation Framework Agreement （ECFA） on 29th June, 2010. The ECFA is a landmark bilateral trade agreement that can make Taiwan a new gateway to China's Mainland. However, the Taiwan Residents petrochemical industry would be very disappointed with the early harvest list as it excluded some critical export items. The purpose of this paper is to amend the understanding of the possible impact on petrochemical market after ECFA is enacted. The authors examine the cumulative daily response of stock prices to five announcements about the ECFA and evaluate the existence of the abnormal return. The authors use daily data from January 2010 to February 2011 to employ an event study approach. The empirical results suggest that the three ECFA announcement dates, as well as the signing date, show significantly negative abnormal return due to the prior positive cumulative response of Taiwan chemicals listed stock prices. This paper can provide the petrochemical industry manufacturer, owners, and investors with further insights into how chemicals stock returns react to a big event like ECFA.
