This paper develops mathematically and empirically tractable regional and interregional model of economic devel-opment with increasing returns to scale (IRS) under the neoclassical assumptions. A one-sector, two-regio...This paper develops mathematically and empirically tractable regional and interregional model of economic devel-opment with increasing returns to scale (IRS) under the neoclassical assumptions. A one-sector, two-region model in which one region exhibits IRS is presented and the whole nation presents constant returns to scale. The development of the local IRS economy is shown to be constrained to a “moving equilibrium” path. The preliminary empirical results are sufficiently supportive of the argument to encourage further research along the lines of the model. In particular, the neoclassical model does not predict negative coefficients on the real rental value of capital in regressions explaining population or employment relative to that in the nation.展开更多
Barro and Sala-i-Martin （2004） analyzed the empirical determinants of growth. The data used in this paper consists of panel data of several macroeconomic variables observed for 55 years 0950-2004） in six East Asian...Barro and Sala-i-Martin （2004） analyzed the empirical determinants of growth. The data used in this paper consists of panel data of several macroeconomic variables observed for 55 years 0950-2004） in six East Asian countries and regions. Following the implications of semi-endogenous growth theory, the author regressed output growth on the determinants of steady-state income. The estimation and test results suggest the existence of significant relationship between steady-state income and （trend weighted） R ＆ D input both in Japan and South Korea. In addition, following Cellini （1995）, the author also considers cointegration and error-correction methods as the growth regression of East Asian countries. Meanwhile, Chang, et al （2004） derived the conclusion that the decreases in reallocation shocks are main factor in a downward trend in natural rate of unemployment for South Korea. The author extends this analysis using structural VAR to other Asian countries and regions, Japan and Taiwan region. Impulse responses show that the growth of production in Korea and Taiwan reduce unemployment, but, in Japan, this raises unemployment.展开更多
It is an emerging realistic problem on how to promote a high level of technology in the coal industry, find new upgrading powers and create new competitive advantages, which are also the core problems to efficient tra...It is an emerging realistic problem on how to promote a high level of technology in the coal industry, find new upgrading powers and create new competitive advantages, which are also the core problems to efficient transformation pattern of economic growth for coal industry in the ''twelfth five-year'' period, involving the key to China's energy supply and energy security. Through field surveys and inductive analyses, analyzing of the content of upgrading the coal industry as an entry point, this paper analyzes the sustainable development mechanisms for the coal industry from the aspects of work force, power, methods, goals, and so on; and puts forward corresponding developmental modes according to the mechanisms which can improve resource recovery and mineral resources utilization rates by putting them into practice.展开更多
On the basis of research conducted by Long and Plosser(1983),this paper carries out an in-depth analysis on the relationship between real interest rates,real wage,and macro-economy and economic structure by simulating...On the basis of research conducted by Long and Plosser(1983),this paper carries out an in-depth analysis on the relationship between real interest rates,real wage,and macro-economy and economic structure by simulating a dynamic stochastic general equilibrium(DSGE) model and comes to the following conclusions:(1) Increasing the level of real interest rates will expand the share of consumption in GDP,improve the macroeconomic structure,and promote steady economic development;(2) Increasing the level of real wages will enhance economic growth but will not change the economic structure of consumption and investments;(3) Increasing wages will enhance economic growth and expand its share in national income;(4) Increasing wages will not lower output level but will be favorable to the improvement of economic structure.Therefore,this paper argues for interest rates liberalization to achieve long-term,steady economic development in China.展开更多
This paper analyzes and discusses the tax system applied in Kosovo during the period from 1999 until now. It demonstrates the effects of tax policies on the country＇s economic growth and development of businesses in ...This paper analyzes and discusses the tax system applied in Kosovo during the period from 1999 until now. It demonstrates the effects of tax policies on the country＇s economic growth and development of businesses in general. This paper also addresses the impact of those policies in maintaining the social equilibrium of a population and economic stability of the country. Applied tax policies in Kosovo have been aimed more at maintaining a stable fiscal and budgetary policy. Based on the analysis of real cases of Kosovo tax laws and their impact on particular businesses, this paper will demonstrate how tax policies applied in Kosovo have given less attention to the need of economic development, which should have been reflected through promoting the development of domestic production, reduction of unemployment, and reduction of the high trade deficit. Empirical evidence from this analysis is discussed, conclusions are derived, and the recommendations of this paper are provided.展开更多
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
Based on CHIP （Chinese household income project） survey data, this paper estimated the changes of absolute poverty and income disparity for the period of 1988-2002, as well as the impact of income growth and changes...Based on CHIP （Chinese household income project） survey data, this paper estimated the changes of absolute poverty and income disparity for the period of 1988-2002, as well as the impact of income growth and changes in income distribution on poverty reduction in rural China. The results show that absolute rural poverty fell sharply during this period, regardless of where the poverty line is set. Both the decomposition of poverty and the panel data analysis demonstrate that income growth causes a fall in poverty.展开更多
Province＇ s per capita income is mainly decided by the industrial sector output, and to reduce regional disparities needs to start from the industrial sector. This article will divide national economy into eight sect...Province＇ s per capita income is mainly decided by the industrial sector output, and to reduce regional disparities needs to start from the industrial sector. This article will divide national economy into eight sectors, use panel data and mixed effects regression and fixed model, in order to have a convergence test for provinces and various industry sectors during 1993-2009, there is absolute convergence existed in the various provinces and industrial sectors, and use Bernard and Jones method to have a research on the provincial sources of GDP growth and convergence and find that the coordinated development of agriculture and industry plays a decisive role in province＇ s GDP growth and convergence,展开更多
In this paper,the authors have analyzed the relationship between energy intensity gap and GDP per worker gap of China's western and eastern provinces over the period 1997-2006.Using panel data model with lag adjus...In this paper,the authors have analyzed the relationship between energy intensity gap and GDP per worker gap of China's western and eastern provinces over the period 1997-2006.Using panel data model with lag adjustment,taking the above provinces and six industrial sectors (agriculture,forestry,animal husbandry,and fisheries,industry,construction industry,transport,storage and post & telecommunications,wholesale and retail trades & catering industry,and other sectors of tertiary industry.) as the investigated subjects,the authors have conducted empirical study on the convergence of GDP per worker gap and the convergence of energy intensity gap with respect to the variation of GDP per worker gap,and have concluded that:First,the GDP per worker gap of the six industrial sectors and provinces are convergent,and of this,the convergence rate of GDP per worker gap of Construction Industry is the fastest,while that of Industry is the slowest.Second,the overall energy intensity gap between eastern and western provinces is convergent,that is,with the narrowing of GDP per worker gap between eastern and western provinces,the energy intensity gap converges,but its convergence rate is slower than that of GDP per worker gap.Third,energy intensity gap between various industrial sectors of the east and the west is either convergent or divergent,and there are differences.The energy intensity gap of agriculture,forestry,animal husbandry,and fisheries,industry,and construction industry is convergent,while that of the other three industrial sectors is divergent.Fourth,the convergence of the overall energy intensity of the western provinces is not in conformity with the convergence of the various industrial sectors,and there are significant differences,indicating that the western provinces and autonomous regions should take measures to more effectively improve their overall energy utilization efficiency at the industrial sector level.展开更多
基金Project (No. 362211) supported by the Social Science Foundation of Zhejiang Province, China
文摘This paper develops mathematically and empirically tractable regional and interregional model of economic devel-opment with increasing returns to scale (IRS) under the neoclassical assumptions. A one-sector, two-region model in which one region exhibits IRS is presented and the whole nation presents constant returns to scale. The development of the local IRS economy is shown to be constrained to a “moving equilibrium” path. The preliminary empirical results are sufficiently supportive of the argument to encourage further research along the lines of the model. In particular, the neoclassical model does not predict negative coefficients on the real rental value of capital in regressions explaining population or employment relative to that in the nation.
文摘Barro and Sala-i-Martin （2004） analyzed the empirical determinants of growth. The data used in this paper consists of panel data of several macroeconomic variables observed for 55 years 0950-2004） in six East Asian countries and regions. Following the implications of semi-endogenous growth theory, the author regressed output growth on the determinants of steady-state income. The estimation and test results suggest the existence of significant relationship between steady-state income and （trend weighted） R ＆ D input both in Japan and South Korea. In addition, following Cellini （1995）, the author also considers cointegration and error-correction methods as the growth regression of East Asian countries. Meanwhile, Chang, et al （2004） derived the conclusion that the decreases in reallocation shocks are main factor in a downward trend in natural rate of unemployment for South Korea. The author extends this analysis using structural VAR to other Asian countries and regions, Japan and Taiwan region. Impulse responses show that the growth of production in Korea and Taiwan reduce unemployment, but, in Japan, this raises unemployment.
文摘It is an emerging realistic problem on how to promote a high level of technology in the coal industry, find new upgrading powers and create new competitive advantages, which are also the core problems to efficient transformation pattern of economic growth for coal industry in the ''twelfth five-year'' period, involving the key to China's energy supply and energy security. Through field surveys and inductive analyses, analyzing of the content of upgrading the coal industry as an entry point, this paper analyzes the sustainable development mechanisms for the coal industry from the aspects of work force, power, methods, goals, and so on; and puts forward corresponding developmental modes according to the mechanisms which can improve resource recovery and mineral resources utilization rates by putting them into practice.
文摘On the basis of research conducted by Long and Plosser(1983),this paper carries out an in-depth analysis on the relationship between real interest rates,real wage,and macro-economy and economic structure by simulating a dynamic stochastic general equilibrium(DSGE) model and comes to the following conclusions:(1) Increasing the level of real interest rates will expand the share of consumption in GDP,improve the macroeconomic structure,and promote steady economic development;(2) Increasing the level of real wages will enhance economic growth but will not change the economic structure of consumption and investments;(3) Increasing wages will enhance economic growth and expand its share in national income;(4) Increasing wages will not lower output level but will be favorable to the improvement of economic structure.Therefore,this paper argues for interest rates liberalization to achieve long-term,steady economic development in China.
文摘This paper analyzes and discusses the tax system applied in Kosovo during the period from 1999 until now. It demonstrates the effects of tax policies on the country＇s economic growth and development of businesses in general. This paper also addresses the impact of those policies in maintaining the social equilibrium of a population and economic stability of the country. Applied tax policies in Kosovo have been aimed more at maintaining a stable fiscal and budgetary policy. Based on the analysis of real cases of Kosovo tax laws and their impact on particular businesses, this paper will demonstrate how tax policies applied in Kosovo have given less attention to the need of economic development, which should have been reflected through promoting the development of domestic production, reduction of unemployment, and reduction of the high trade deficit. Empirical evidence from this analysis is discussed, conclusions are derived, and the recommendations of this paper are provided.
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Based on CHIP （Chinese household income project） survey data, this paper estimated the changes of absolute poverty and income disparity for the period of 1988-2002, as well as the impact of income growth and changes in income distribution on poverty reduction in rural China. The results show that absolute rural poverty fell sharply during this period, regardless of where the poverty line is set. Both the decomposition of poverty and the panel data analysis demonstrate that income growth causes a fall in poverty.
文摘Province＇ s per capita income is mainly decided by the industrial sector output, and to reduce regional disparities needs to start from the industrial sector. This article will divide national economy into eight sectors, use panel data and mixed effects regression and fixed model, in order to have a convergence test for provinces and various industry sectors during 1993-2009, there is absolute convergence existed in the various provinces and industrial sectors, and use Bernard and Jones method to have a research on the provincial sources of GDP growth and convergence and find that the coordinated development of agriculture and industry plays a decisive role in province＇ s GDP growth and convergence,
基金sponsored by"Project Fund of Humanities and Social Sciences of Ministry of Edu-cation"(Grant No.:09YJA790157)"Proprietary Research Project of Humanities and Social Sciences of Wuhan University"(Grant No.:09ZZKY032)
文摘In this paper,the authors have analyzed the relationship between energy intensity gap and GDP per worker gap of China's western and eastern provinces over the period 1997-2006.Using panel data model with lag adjustment,taking the above provinces and six industrial sectors (agriculture,forestry,animal husbandry,and fisheries,industry,construction industry,transport,storage and post & telecommunications,wholesale and retail trades & catering industry,and other sectors of tertiary industry.) as the investigated subjects,the authors have conducted empirical study on the convergence of GDP per worker gap and the convergence of energy intensity gap with respect to the variation of GDP per worker gap,and have concluded that:First,the GDP per worker gap of the six industrial sectors and provinces are convergent,and of this,the convergence rate of GDP per worker gap of Construction Industry is the fastest,while that of Industry is the slowest.Second,the overall energy intensity gap between eastern and western provinces is convergent,that is,with the narrowing of GDP per worker gap between eastern and western provinces,the energy intensity gap converges,but its convergence rate is slower than that of GDP per worker gap.Third,energy intensity gap between various industrial sectors of the east and the west is either convergent or divergent,and there are differences.The energy intensity gap of agriculture,forestry,animal husbandry,and fisheries,industry,and construction industry is convergent,while that of the other three industrial sectors is divergent.Fourth,the convergence of the overall energy intensity of the western provinces is not in conformity with the convergence of the various industrial sectors,and there are significant differences,indicating that the western provinces and autonomous regions should take measures to more effectively improve their overall energy utilization efficiency at the industrial sector level.
