The land use patterns in Guyuan City,Ningxia Hui Autonomous Region of China,have changed greatly over the years,due to population growth and farming and stock raising development.This study,using 50-year statis-tical ...The land use patterns in Guyuan City,Ningxia Hui Autonomous Region of China,have changed greatly over the years,due to population growth and farming and stock raising development.This study,using 50-year statis-tical data of cultivated land and 14-year spatial data of land use pattern,analyzed the developmental stages,the char-acter,and the spatial variance of farmland in the city,and discussed the driving forces of cultivated land changes based on empirical and conceptual statistical models.First,the change of cultivated land area went through different stages of rapid increase,fluctuating change,decrease and rapid decrease from 1949 to 2004,additionally,social and economic policies in different stages had an important impact on farmland variance.Second,from 1986 to 2000,the quantity of cultivated land increased,but its quality decreased.Third,social and economic factors are determinant factors in culti-vated land transition.Five constructed paths explain cultivated land transition.Factors that have direct or indirect ef-fects on farmland include the economy(Xeco),the population(Xpop),agricultural output(Xagr),and scientific input(Xsci).The sequence of impact was Xeco>Xpop>Xsci>Xagr.Among all these impacts,Xeco was the major positive one,and Xpop was the major negative one.It is urgent to take measures or adopt a policy to stop the vicious cycle in eco-environment and agriculture production.Otherwise,negative patterns of farmland use will increase,and high-quality cultivated land will continue to decline.展开更多
Communities in developing country mountain areas,in part due to their remoteness,find themselves excluded from social,political and economic systems; and excluded from access to resources. This paper aims to study the...Communities in developing country mountain areas,in part due to their remoteness,find themselves excluded from social,political and economic systems; and excluded from access to resources. This paper aims to study the impact of information and communication technologies (ICTs) on remoteness and exclusion. It utilises two models - the resource movement framework,and the "information chain" - to analyse a telecentre in one district of mountainous Huancavelica,Peru's poorest region,set in the high Andes. It finds ICTs enabling new and positive resource flows for the two key user groups:teenaged school students and young farmers. These help to maintain social networks. They also support information searches that have improved agricultural practice where other information chain resources have been available. But non-use and ineffective use of the telecentre are found where information chain resources are lacking. ICTs have some impacts on intangible elements of remoteness. In this particular example,they also offer access to some previously-excluded resources. But they have not really addressed the systematic exclusions faced by mountain communities. And they so far appear to be a technology of inequality; favouring those residents who begin with better resource endowments.The paper concludes by offering some recommendations for mountain ICT project practice.展开更多
National high-tech industrial development zones represent a major strategy of the Chinese government in developing high-tech industries and spurring regional economic growth. The effect of this policy is yet to be pro...National high-tech industrial development zones represent a major strategy of the Chinese government in developing high-tech industries and spurring regional economic growth. The effect of this policy is yet to be proven. Based on the panel data of 283 Chinese cities between 1984 and 2012, this paper investigates the effect of high-tech zones on regional economic development. Empirical results suggest that first, national hightech zones have remarkably enhanced regional GDP and per capita GDP growth, and this conclusion still holds true after multiple rounds of robustness test; second, the economic effect of national high-tech zones is subject to diminishing marginal return and compared with higher-tier cities, lower-tier cities benefited more from the creation of national hightech zones. This paper concludes that national high-tech zones where special policies are experimented and offered not only drive economic development but, if properly distributed across regions, may help reduce regional economic disparities as well. The results of this study provide important implications for the future distribution of national high-tech zones and the creation of other relevant policies.展开更多
Small and medium-sized companies in most EU countries form a considerable share in the total number of companies and are also an important development impeller of the entire economy. Therefore, one of the most essenti...Small and medium-sized companies in most EU countries form a considerable share in the total number of companies and are also an important development impeller of the entire economy. Therefore, one of the most essential goals of accounting authorities in the EU is accomplishing the harmonization of accounting regulations for these companies. In this paper, the author have discussed and explained the main motifs and impediments for this harmonization. One of the main motifs is a big span and complexity of international standards of financial reports which is allowed and even prescribed in many countries. Some of the main impediments are a lack of uniformity as far as criteria for classification of small and medium-sized companies according to size are concerned as well as the determining of limitations up to which the requirements in accounting standards for small and medium-sized companies should be set.展开更多
This article presents a case study of the Siam Commercial Bank (SCB) by investigating why and how SCB implemented organizational restructuring during the uncertain economic environment, and gives an overview of the ...This article presents a case study of the Siam Commercial Bank (SCB) by investigating why and how SCB implemented organizational restructuring during the uncertain economic environment, and gives an overview of the Thai commercial bank industry. This article presents and discusses SCB's strategy implementation in its organization during 1997-2010. This case study is aimed to provide some guidelines for other companies in developing and in choosing strategies for their business sustainability in the global change, and in choosing the implementation of their organization structure for competitive markets.展开更多
The BRICS (Brazil, Russia, India, China and South Africa) and other emerging economies have become a driving global force for the past twenty years. However, their growth patterns are obsolete, impeding the quality ...The BRICS (Brazil, Russia, India, China and South Africa) and other emerging economies have become a driving global force for the past twenty years. However, their growth patterns are obsolete, impeding the quality and competitiveness of their economic growth, while simultaneously threatening the sustainability of their economic convergence with developed nations. Transforming the domestic growth pattern-the solution to the middle-income trap-has therefore become a key priority for each of these economies. This paper presents a comparative analysis of how to transform the pattern of economic growth in BRICS and achieve sustainable economic convergence with a comparative analysis of the pattern of economic growth and problems among BRICS countries.展开更多
The objective of Autoregressive Distributed Lag (ARDL) investigation of macroeconomic mechanisms on ASEAN-5 stock earnings equation can contribute to analyzing and demonstrating macroeconomic forces acting a statist...The objective of Autoregressive Distributed Lag (ARDL) investigation of macroeconomic mechanisms on ASEAN-5 stock earnings equation can contribute to analyzing and demonstrating macroeconomic forces acting a statistically and economically significant effect on rate of return of securities for a given time through the application of the ARDL approach to cointegration when the variables are mixed degrees of integration in cointegrated time series, i.e. I(0) and I(1). This results in a long-run or a short-run relationship between macroeconomic force acting for a given time affecting 24 quarterly rates of return for listed companies in Information and Communication Technologies OCT) sector of Stock Exchange of Thailand (SET), the Kuala Lumpur Composite Index (KLSE) index (Malaysia), Financial Times Share Index (FTSI), Philippine Stock Exchange (PSE), and Jakarta Composite Index (JKSE) (Indonesia). The impulses of three ASEAN macroeconomic forces---GDPt, EXt, and INTt acting for a given time influence the earnings of selected 23 1CT returns for listed companies on both domestic investments and outsider investments in the same period. This paper has investigated how other-concerning macroeconomic force acting might interrelate with rate of return of securities in the ICT sector, debt and financial innovations, in line with some significant formalized facts. The funding of capital inflow in part of ICT securities was statistically globally significant to recognize significant achievement in ICT specific pathways to distinction as the science of accomplishment. The public sector performing as a key purchaser of ICT security solutions related to integrate the ASEAN exchange members into modern capitalization can lead to adverse effects, such as risky investment-hub interventions due to the mixing financial systems in three ASEAN regional integrations through investments.展开更多
Corruption which means the use of public power for private interests is one of the most important problems either in less developed and developing countries or developed countries. Especially in less developed and dev...Corruption which means the use of public power for private interests is one of the most important problems either in less developed and developing countries or developed countries. Especially in less developed and developing countries, corruption is a serious obstacle in front of economic development. Corruption is raised from deficiency in democracy, deficient judgement, unfair elections and dependent media sector includes bribery, embezzlement, forgery, fraud, favouritism, nepotism and illegal beneficial use of public authority. The aim of the paper is to determine the causal relationship between corruption and basic macro-economic indicators. For this purpose, in this study, the basic mic indications such as import, export, budget deficit, manufacturer price index are taken into account as variables to examine their relation with corruption. By getting use of the data obtained from CPI index, the relation between the variables is examined using the T-Test. Furthermore, to determine the causality among all the variables, correllation analysis is applied to present causal relations between the corruption and macro-economic variables. The findings concluded that there is a significant correlation among corruption, manufacturer price index and export-import. However, there is no significant correlation with budget deficit.展开更多
In the evolution of economic growth drivers, technology gaps are a key variable that determines the efficiency of resource allocation. Analysis of an optimal resource allocation path based on an extended endogenous gr...In the evolution of economic growth drivers, technology gaps are a key variable that determines the efficiency of resource allocation. Analysis of an optimal resource allocation path based on an extended endogenous growth model reveals that economic growth drivers evolve from productive investment to R&D investment and a shift from imitation to innovation. Empirical analysis based on China's provincial-level panel data suggests that the effect of productive investment and R&D investment, as well as innovation and imitation, on economic growth and technological progress varies greatly among regions of disparate technology levels. As a late-starting country, China should properly allocate resources between productive investment and R&D investment, and between imitational investment and innovative investment while advancing the transformation of economic growth patterns on a differentiated basis in light of regional technology disparities.展开更多
Valuation Adjustment Mechanism of PE in western capitalist countries' economic activity is a high-risk, high-yield investment financing. As a new import from at the beginning of entering into China, the law and pract...Valuation Adjustment Mechanism of PE in western capitalist countries' economic activity is a high-risk, high-yield investment financing. As a new import from at the beginning of entering into China, the law and practice of the exploration of the related theory have not stopped. This article integrates the actual case of China's enterprises to participate in the bet agreement.It proposes to bet on the agreement of the meanings, contents, elements, and introduces the related concept of contrast and analysis, bet agreement on hot issues existing in the practice. It also put forward personal views and Suggestions on legislation.展开更多
The relationship between out-migration of labor in the Qinling mountain area and households' firewood consumption is explored. Migration and remittances reduce households' firewood consumption due to increases...The relationship between out-migration of labor in the Qinling mountain area and households' firewood consumption is explored. Migration and remittances reduce households' firewood consumption due to increases in both income and opportunity cost of firewood collection. Previous studies have been equivocal because they ignored uncertainty in household economy, which is widespread in forest areas of less developed countries. This study provides additional insight by considering vulnerability and subjective assessment of poverty generated by unstable income and an uncertain future. We provide evidence that the amount of firewood consumed depends on income and opportunity cost of firewood collection, but also on a prudent consumption strategy, due to farmers' subjective assessment of their future possible poverty. We also find out-migration of labor can reduce per capita firewood consumption but subjective poverty also acts against reduction of firewood consumption.展开更多
Anti-globalization trends are in play in the US and Western Europe where electorates are recalcitrant to allow immigrants into their societies, national sovereignty is sought in certain geographic areas, and the natio...Anti-globalization trends are in play in the US and Western Europe where electorates are recalcitrant to allow immigrants into their societies, national sovereignty is sought in certain geographic areas, and the national mood seeks to suppress newly rising countries' trade and development. The continuation of economic downturn in Western countries is reinforced by their internal wealth gap and external competition. As capitalism's demand for profit is now being critiqued along with the emergent profit prospects to be delivered by pending technological progress, the temper of the times could temporarily slow down but not reverse globalization. Timely discussions about reform of international economic order and about an effective national development model should seek sustainable solutions for healthy, stable globalization and development of the world economy.展开更多
The history of international industrialization shows that Latin American countries and former Soviet Union and Eastern European countries experienced a siginificant drop in economic growth and fell into the middle-inc...The history of international industrialization shows that Latin American countries and former Soviet Union and Eastern European countries experienced a siginificant drop in economic growth and fell into the middle-income trap when their per capita GDP reached 4,000-7,000 international dollar (based on the 1990 prices) as a result of long-term implemented import-oriented strategy and planned economic system. Fortunately, China adopted reform and opening-up policy beginning at a lower development phase and achieved sustained high-speed growth for more than thirty years. Currently, China has surpassed the phase which the above-mentioned countries fell into the middle-income trap. On the other side, experiences of successful runner-ups show that when per capita GDP reached II,000 international dollar (based on the 1990 prices), economic growth speed will present regularly "natural drop ". Without internal and external shocks, China's economy is expected to reach this level by 2015 and the potential growth rate will possibly drop significantly. In this regard, China's toughest challenges will be whether it can effectively prevent and solve the financial risks accumulated during high-speed growth and make a shift to innovation-driven growth model Time is pressing for addressing the above challenges. A fundamental change in the growth model depends on the intensification of reform, in particular, the promotion of an "participatory and facilitative reform "approach.展开更多
Spain became a net receiver country of a high number of foreigners entering the labour market in the first decade of the 21 st century. The ensuing economic crisis, beginning in 2007, led to the destruction of a large...Spain became a net receiver country of a high number of foreigners entering the labour market in the first decade of the 21 st century. The ensuing economic crisis, beginning in 2007, led to the destruction of a large number of companies and jobs. The objective of this paper is to analyze the relationship between educational level, employment and economic activity, in the Spanish and foreign working population in the Spanish labour market and the impact that the economic crisis is having on employment and self-employment. The hypotheses considered have been as followed--HI: The economic crisis mainly affects the less educated working population, both Spanish and foreign; H2: Self-employment is characterized by being an initiative of a working population with low educational levels for both population groups (Spanish and foreign); H3: Employment is related to the productive economic structure. Micro-data from the Labour Force Survey 2009 (EPA in Spanish) has been used, compiled by Spains National Statistics Office (INE in Spanish), and it has been applied Multiple Correspondence Analysis (MCA) to detect possible associations among the study variables (nationality, level of education, salaried employment, self-employment and economic activity). The results show significant differences between both groups: Spanish and foreign working population. The study also shows how the crisis affects employment, and the important role played by the educational level of the working population, especially foreigners employed in certain economic activities.展开更多
The rise of non-marital fertility, which seems to defy the Bongaarts model by decoupling marriage from fertility, has become a subject of interest in both the developed and developing world. Consequences of non-marita...The rise of non-marital fertility, which seems to defy the Bongaarts model by decoupling marriage from fertility, has become a subject of interest in both the developed and developing world. Consequences of non-marital fertility are mostly negative particularly in developing countries. In Namibia, although premarital childbearing has been reported to be high and increasing, no studies have explicitly analyzed factors influencing non-marital fertility. This paper uses data from the 2006/7 Namibia DHS to establish the determinants of non-marital fertility among women by applying a two-part model, with one part to describe the presence of non-marital birth and the other part to explain its intensity (number of children born). Using the number of children ever born as an outcome, we explored various count data models. Based on the Voung statistics model comparison, we settled for the Hurdle logit Negative Binomial regression to model the number of non-marital births. Non-marital fertility in Namibia is associated with the age, with young women likely to have lower fertility compared to older women. Women with secondary or higher education had lower fertility compared those with no formal education. Findings also show that rural women higher fertility propensity compared to their urban counterparts even though there was no significant difference in fertility intensity. With regard to socio-economic status, fertility intensity decreased as the women got richer. Intervention efforts should focus on promoting education among girls and women especially in rural areas to improve their socio-economic status, reduce teenage pregnancy and non-marital fertility.展开更多
The study of bilateral markets, in an equilibrium perspective, began to catch labor economists' attention in recent decades since they allow the prediction of market anomalies or flaws. In the study there appears a m...The study of bilateral markets, in an equilibrium perspective, began to catch labor economists' attention in recent decades since they allow the prediction of market anomalies or flaws. In the study there appears a matching process whose theoretical analysis is known as bilateral assignment model. Among the different examples of bilateral markets and the assignment processes linked with them is the real-estate market. Its characteristics raise problems which affect low-income groups mainly, for which the state's mission is critical. These problems motivated the authors of the present work to provide a solution by using the results obtained in the assignment models with capacity restrictions. In this work the study is made of the real-estate market with the variant of the state intervention in housing assignment. The situation raised here is that the state has the task of facilitating low-income people access to housing so that they can participate in the real-estate market. In order to be able to fulfill its work, the state has a list of people willing to sell or rent homes thanks to tax cuts or some compensation offered by the state, for example. However, the state budget is limited and its participation will have a certain quota. Like the bilateral market, this new model solves the problem in which buyers and sellers are assigned to one another so that they can satisfy a property of stability. It is also shown that it is possible to find assignments for which there are no buyer-seller coalitions affecting such stability. A method is shown by means of which it is possible to solve the problem of truncating the benefits given to buyers and sellers under the emergency of budget cut.展开更多
Brand in terms of strategy is a way of relationships between the organization and its target groups, aimed at removing a priori existing conflict. Therefore, formation of a new socio-economic brand "Carpathians", wh...Brand in terms of strategy is a way of relationships between the organization and its target groups, aimed at removing a priori existing conflict. Therefore, formation of a new socio-economic brand "Carpathians", which joins a mountain system in the eastern part of Central Europe, Ukraine, Hungary, Poland, Slovakia, Romania, Serbia, and Austria, will help create a new image of Carpathians and implementation of programs aimed at the increase of investment activities, building confidence to domestic producers and creating programs to attract tourists to the most profitable tourist areas, in particular.展开更多
The article intends to work about Friedrich List political economy starting from a specific point of view: idea of nation. Published in 1841, The National System of Political economy establishes a hard dialogue with ...The article intends to work about Friedrich List political economy starting from a specific point of view: idea of nation. Published in 1841, The National System of Political economy establishes a hard dialogue with the Wealth of nations written by Smith. The criticism is built around the idea of nation. In List, the nation, as synonym of productive forces, is a critic to the Smith's nation idea as a free market. The List's idea of nation is a product of a group of structural (and not only cultural or mental) transformations that occurred during the Revolutions of 1830 and 1848 in Europe. The result is the emergency of a new form of State, the nation-State. The political economy elaborates their critics in the measure in capitalism changes. The nation, in the national system of political economy of List, synthesizes the unification of the territory, the consolidation of the national industry and an internal market free from barriers and interlinked by a modem net of transports. In a contradictory way, that nation idea is based in great territory and its empire and not on the nationality principle, according to which, each people, yet that very small, has the right to its own territory. The unified and industrially developed States build immense empires that, in practical terms, contravene the principle of nationality展开更多
Biogas from livestock waste is considered as clean and renewable energy in Vietnam. In the last 20 years, in rural and remote areas of Vietnam, there has been a significant increase of small-scale household biogas dig...Biogas from livestock waste is considered as clean and renewable energy in Vietnam. In the last 20 years, in rural and remote areas of Vietnam, there has been a significant increase of small-scale household biogas digesters. Biogas digesters create the benefits of replacing energy and mitigation of climate change caused by greenhouse gas (GHG) emission and deforestation for firewood and charcoal. Livestock waste produces approximately 85 million tonnes every year and continues to increase, meaning there are huge feedstocks for biogas digesters to meet the energy demands in households. However, there are also many constraints on the development programme for small-scale household biogas digester. In Vietnam, the socio-economic situation and the lack of a sustainable energy policy for biogas from livestock sector are hindering the growth of the biogas digester industry. Government subsidies are needed to encourage farmers to participate. This paper will be helpful not only for the sustainable development of household biogas in Vietnam, but also for the developing program of biogas generation in developing countries with similar agricultural economies to Vietnam.展开更多
基金Under the auspices of Major State Basic Research Development Program of China (No. 2002CB111506)National Natural Science Foundation of China (No. 30670374)Sixth Framework Programme of European Union (Priority 1.1.6.3) (No. 003874-2)
文摘The land use patterns in Guyuan City,Ningxia Hui Autonomous Region of China,have changed greatly over the years,due to population growth and farming and stock raising development.This study,using 50-year statis-tical data of cultivated land and 14-year spatial data of land use pattern,analyzed the developmental stages,the char-acter,and the spatial variance of farmland in the city,and discussed the driving forces of cultivated land changes based on empirical and conceptual statistical models.First,the change of cultivated land area went through different stages of rapid increase,fluctuating change,decrease and rapid decrease from 1949 to 2004,additionally,social and economic policies in different stages had an important impact on farmland variance.Second,from 1986 to 2000,the quantity of cultivated land increased,but its quality decreased.Third,social and economic factors are determinant factors in culti-vated land transition.Five constructed paths explain cultivated land transition.Factors that have direct or indirect ef-fects on farmland include the economy(Xeco),the population(Xpop),agricultural output(Xagr),and scientific input(Xsci).The sequence of impact was Xeco>Xpop>Xsci>Xagr.Among all these impacts,Xeco was the major positive one,and Xpop was the major negative one.It is urgent to take measures or adopt a policy to stop the vicious cycle in eco-environment and agriculture production.Otherwise,negative patterns of farmland use will increase,and high-quality cultivated land will continue to decline.
基金a grant from the International Development Research Centre, Canada, and Microsoft Corporationsupport of the Seminario Permanente de Investigacion Agraria (Permanent Seminar on Agricultural Research), SEPIA
文摘Communities in developing country mountain areas,in part due to their remoteness,find themselves excluded from social,political and economic systems; and excluded from access to resources. This paper aims to study the impact of information and communication technologies (ICTs) on remoteness and exclusion. It utilises two models - the resource movement framework,and the "information chain" - to analyse a telecentre in one district of mountainous Huancavelica,Peru's poorest region,set in the high Andes. It finds ICTs enabling new and positive resource flows for the two key user groups:teenaged school students and young farmers. These help to maintain social networks. They also support information searches that have improved agricultural practice where other information chain resources have been available. But non-use and ineffective use of the telecentre are found where information chain resources are lacking. ICTs have some impacts on intangible elements of remoteness. In this particular example,they also offer access to some previously-excluded resources. But they have not really addressed the systematic exclusions faced by mountain communities. And they so far appear to be a technology of inequality; favouring those residents who begin with better resource endowments.The paper concludes by offering some recommendations for mountain ICT project practice.
基金sponsored by the National Natural Science Foundation Program(Approval No.71303185)the Social Sciences Planning Foundation Program of the Ministry of Education(Approval No.13XJA790003)+2 种基金the Social Sciences Foundation Program of Shaanxi Province(Approval No.12D124)the Program of Shaanxi Provincial Department of Education(Approval No.12JK0152)the Support Program for Outstanding Young Teachers of Northwest University(Approval No.PR12152)
文摘National high-tech industrial development zones represent a major strategy of the Chinese government in developing high-tech industries and spurring regional economic growth. The effect of this policy is yet to be proven. Based on the panel data of 283 Chinese cities between 1984 and 2012, this paper investigates the effect of high-tech zones on regional economic development. Empirical results suggest that first, national hightech zones have remarkably enhanced regional GDP and per capita GDP growth, and this conclusion still holds true after multiple rounds of robustness test; second, the economic effect of national high-tech zones is subject to diminishing marginal return and compared with higher-tier cities, lower-tier cities benefited more from the creation of national hightech zones. This paper concludes that national high-tech zones where special policies are experimented and offered not only drive economic development but, if properly distributed across regions, may help reduce regional economic disparities as well. The results of this study provide important implications for the future distribution of national high-tech zones and the creation of other relevant policies.
文摘Small and medium-sized companies in most EU countries form a considerable share in the total number of companies and are also an important development impeller of the entire economy. Therefore, one of the most essential goals of accounting authorities in the EU is accomplishing the harmonization of accounting regulations for these companies. In this paper, the author have discussed and explained the main motifs and impediments for this harmonization. One of the main motifs is a big span and complexity of international standards of financial reports which is allowed and even prescribed in many countries. Some of the main impediments are a lack of uniformity as far as criteria for classification of small and medium-sized companies according to size are concerned as well as the determining of limitations up to which the requirements in accounting standards for small and medium-sized companies should be set.
文摘This article presents a case study of the Siam Commercial Bank (SCB) by investigating why and how SCB implemented organizational restructuring during the uncertain economic environment, and gives an overview of the Thai commercial bank industry. This article presents and discusses SCB's strategy implementation in its organization during 1997-2010. This case study is aimed to provide some guidelines for other companies in developing and in choosing strategies for their business sustainability in the global change, and in choosing the implementation of their organization structure for competitive markets.
基金Interim results for the state social science foundation key project "Raising Macro Regulation Level and Maintain Fast and Steady Economic Growth" (approve No. 09&ZD017) and "Funding Program for Academic Human Resources Development in Institutions of Higher Learning Under the Jurisdiction of Beijing Municipality" (approve No. 00491162340 142).
文摘The BRICS (Brazil, Russia, India, China and South Africa) and other emerging economies have become a driving global force for the past twenty years. However, their growth patterns are obsolete, impeding the quality and competitiveness of their economic growth, while simultaneously threatening the sustainability of their economic convergence with developed nations. Transforming the domestic growth pattern-the solution to the middle-income trap-has therefore become a key priority for each of these economies. This paper presents a comparative analysis of how to transform the pattern of economic growth in BRICS and achieve sustainable economic convergence with a comparative analysis of the pattern of economic growth and problems among BRICS countries.
文摘The objective of Autoregressive Distributed Lag (ARDL) investigation of macroeconomic mechanisms on ASEAN-5 stock earnings equation can contribute to analyzing and demonstrating macroeconomic forces acting a statistically and economically significant effect on rate of return of securities for a given time through the application of the ARDL approach to cointegration when the variables are mixed degrees of integration in cointegrated time series, i.e. I(0) and I(1). This results in a long-run or a short-run relationship between macroeconomic force acting for a given time affecting 24 quarterly rates of return for listed companies in Information and Communication Technologies OCT) sector of Stock Exchange of Thailand (SET), the Kuala Lumpur Composite Index (KLSE) index (Malaysia), Financial Times Share Index (FTSI), Philippine Stock Exchange (PSE), and Jakarta Composite Index (JKSE) (Indonesia). The impulses of three ASEAN macroeconomic forces---GDPt, EXt, and INTt acting for a given time influence the earnings of selected 23 1CT returns for listed companies on both domestic investments and outsider investments in the same period. This paper has investigated how other-concerning macroeconomic force acting might interrelate with rate of return of securities in the ICT sector, debt and financial innovations, in line with some significant formalized facts. The funding of capital inflow in part of ICT securities was statistically globally significant to recognize significant achievement in ICT specific pathways to distinction as the science of accomplishment. The public sector performing as a key purchaser of ICT security solutions related to integrate the ASEAN exchange members into modern capitalization can lead to adverse effects, such as risky investment-hub interventions due to the mixing financial systems in three ASEAN regional integrations through investments.
文摘Corruption which means the use of public power for private interests is one of the most important problems either in less developed and developing countries or developed countries. Especially in less developed and developing countries, corruption is a serious obstacle in front of economic development. Corruption is raised from deficiency in democracy, deficient judgement, unfair elections and dependent media sector includes bribery, embezzlement, forgery, fraud, favouritism, nepotism and illegal beneficial use of public authority. The aim of the paper is to determine the causal relationship between corruption and basic macro-economic indicators. For this purpose, in this study, the basic mic indications such as import, export, budget deficit, manufacturer price index are taken into account as variables to examine their relation with corruption. By getting use of the data obtained from CPI index, the relation between the variables is examined using the T-Test. Furthermore, to determine the causality among all the variables, correllation analysis is applied to present causal relations between the corruption and macro-economic variables. The findings concluded that there is a significant correlation among corruption, manufacturer price index and export-import. However, there is no significant correlation with budget deficit.
文摘In the evolution of economic growth drivers, technology gaps are a key variable that determines the efficiency of resource allocation. Analysis of an optimal resource allocation path based on an extended endogenous growth model reveals that economic growth drivers evolve from productive investment to R&D investment and a shift from imitation to innovation. Empirical analysis based on China's provincial-level panel data suggests that the effect of productive investment and R&D investment, as well as innovation and imitation, on economic growth and technological progress varies greatly among regions of disparate technology levels. As a late-starting country, China should properly allocate resources between productive investment and R&D investment, and between imitational investment and innovative investment while advancing the transformation of economic growth patterns on a differentiated basis in light of regional technology disparities.
文摘Valuation Adjustment Mechanism of PE in western capitalist countries' economic activity is a high-risk, high-yield investment financing. As a new import from at the beginning of entering into China, the law and practice of the exploration of the related theory have not stopped. This article integrates the actual case of China's enterprises to participate in the bet agreement.It proposes to bet on the agreement of the meanings, contents, elements, and introduces the related concept of contrast and analysis, bet agreement on hot issues existing in the practice. It also put forward personal views and Suggestions on legislation.
基金supported by the National Social Science Foundation of China (Grant No. 09CJY071)Program for Innovative Talents of Higher Learning Institutions of Shanxi
文摘The relationship between out-migration of labor in the Qinling mountain area and households' firewood consumption is explored. Migration and remittances reduce households' firewood consumption due to increases in both income and opportunity cost of firewood collection. Previous studies have been equivocal because they ignored uncertainty in household economy, which is widespread in forest areas of less developed countries. This study provides additional insight by considering vulnerability and subjective assessment of poverty generated by unstable income and an uncertain future. We provide evidence that the amount of firewood consumed depends on income and opportunity cost of firewood collection, but also on a prudent consumption strategy, due to farmers' subjective assessment of their future possible poverty. We also find out-migration of labor can reduce per capita firewood consumption but subjective poverty also acts against reduction of firewood consumption.
文摘Anti-globalization trends are in play in the US and Western Europe where electorates are recalcitrant to allow immigrants into their societies, national sovereignty is sought in certain geographic areas, and the national mood seeks to suppress newly rising countries' trade and development. The continuation of economic downturn in Western countries is reinforced by their internal wealth gap and external competition. As capitalism's demand for profit is now being critiqued along with the emergent profit prospects to be delivered by pending technological progress, the temper of the times could temporarily slow down but not reverse globalization. Timely discussions about reform of international economic order and about an effective national development model should seek sustainable solutions for healthy, stable globalization and development of the world economy.
文摘The history of international industrialization shows that Latin American countries and former Soviet Union and Eastern European countries experienced a siginificant drop in economic growth and fell into the middle-income trap when their per capita GDP reached 4,000-7,000 international dollar (based on the 1990 prices) as a result of long-term implemented import-oriented strategy and planned economic system. Fortunately, China adopted reform and opening-up policy beginning at a lower development phase and achieved sustained high-speed growth for more than thirty years. Currently, China has surpassed the phase which the above-mentioned countries fell into the middle-income trap. On the other side, experiences of successful runner-ups show that when per capita GDP reached II,000 international dollar (based on the 1990 prices), economic growth speed will present regularly "natural drop ". Without internal and external shocks, China's economy is expected to reach this level by 2015 and the potential growth rate will possibly drop significantly. In this regard, China's toughest challenges will be whether it can effectively prevent and solve the financial risks accumulated during high-speed growth and make a shift to innovation-driven growth model Time is pressing for addressing the above challenges. A fundamental change in the growth model depends on the intensification of reform, in particular, the promotion of an "participatory and facilitative reform "approach.
文摘Spain became a net receiver country of a high number of foreigners entering the labour market in the first decade of the 21 st century. The ensuing economic crisis, beginning in 2007, led to the destruction of a large number of companies and jobs. The objective of this paper is to analyze the relationship between educational level, employment and economic activity, in the Spanish and foreign working population in the Spanish labour market and the impact that the economic crisis is having on employment and self-employment. The hypotheses considered have been as followed--HI: The economic crisis mainly affects the less educated working population, both Spanish and foreign; H2: Self-employment is characterized by being an initiative of a working population with low educational levels for both population groups (Spanish and foreign); H3: Employment is related to the productive economic structure. Micro-data from the Labour Force Survey 2009 (EPA in Spanish) has been used, compiled by Spains National Statistics Office (INE in Spanish), and it has been applied Multiple Correspondence Analysis (MCA) to detect possible associations among the study variables (nationality, level of education, salaried employment, self-employment and economic activity). The results show significant differences between both groups: Spanish and foreign working population. The study also shows how the crisis affects employment, and the important role played by the educational level of the working population, especially foreigners employed in certain economic activities.
文摘The rise of non-marital fertility, which seems to defy the Bongaarts model by decoupling marriage from fertility, has become a subject of interest in both the developed and developing world. Consequences of non-marital fertility are mostly negative particularly in developing countries. In Namibia, although premarital childbearing has been reported to be high and increasing, no studies have explicitly analyzed factors influencing non-marital fertility. This paper uses data from the 2006/7 Namibia DHS to establish the determinants of non-marital fertility among women by applying a two-part model, with one part to describe the presence of non-marital birth and the other part to explain its intensity (number of children born). Using the number of children ever born as an outcome, we explored various count data models. Based on the Voung statistics model comparison, we settled for the Hurdle logit Negative Binomial regression to model the number of non-marital births. Non-marital fertility in Namibia is associated with the age, with young women likely to have lower fertility compared to older women. Women with secondary or higher education had lower fertility compared those with no formal education. Findings also show that rural women higher fertility propensity compared to their urban counterparts even though there was no significant difference in fertility intensity. With regard to socio-economic status, fertility intensity decreased as the women got richer. Intervention efforts should focus on promoting education among girls and women especially in rural areas to improve their socio-economic status, reduce teenage pregnancy and non-marital fertility.
文摘The study of bilateral markets, in an equilibrium perspective, began to catch labor economists' attention in recent decades since they allow the prediction of market anomalies or flaws. In the study there appears a matching process whose theoretical analysis is known as bilateral assignment model. Among the different examples of bilateral markets and the assignment processes linked with them is the real-estate market. Its characteristics raise problems which affect low-income groups mainly, for which the state's mission is critical. These problems motivated the authors of the present work to provide a solution by using the results obtained in the assignment models with capacity restrictions. In this work the study is made of the real-estate market with the variant of the state intervention in housing assignment. The situation raised here is that the state has the task of facilitating low-income people access to housing so that they can participate in the real-estate market. In order to be able to fulfill its work, the state has a list of people willing to sell or rent homes thanks to tax cuts or some compensation offered by the state, for example. However, the state budget is limited and its participation will have a certain quota. Like the bilateral market, this new model solves the problem in which buyers and sellers are assigned to one another so that they can satisfy a property of stability. It is also shown that it is possible to find assignments for which there are no buyer-seller coalitions affecting such stability. A method is shown by means of which it is possible to solve the problem of truncating the benefits given to buyers and sellers under the emergency of budget cut.
文摘Brand in terms of strategy is a way of relationships between the organization and its target groups, aimed at removing a priori existing conflict. Therefore, formation of a new socio-economic brand "Carpathians", which joins a mountain system in the eastern part of Central Europe, Ukraine, Hungary, Poland, Slovakia, Romania, Serbia, and Austria, will help create a new image of Carpathians and implementation of programs aimed at the increase of investment activities, building confidence to domestic producers and creating programs to attract tourists to the most profitable tourist areas, in particular.
文摘The article intends to work about Friedrich List political economy starting from a specific point of view: idea of nation. Published in 1841, The National System of Political economy establishes a hard dialogue with the Wealth of nations written by Smith. The criticism is built around the idea of nation. In List, the nation, as synonym of productive forces, is a critic to the Smith's nation idea as a free market. The List's idea of nation is a product of a group of structural (and not only cultural or mental) transformations that occurred during the Revolutions of 1830 and 1848 in Europe. The result is the emergency of a new form of State, the nation-State. The political economy elaborates their critics in the measure in capitalism changes. The nation, in the national system of political economy of List, synthesizes the unification of the territory, the consolidation of the national industry and an internal market free from barriers and interlinked by a modem net of transports. In a contradictory way, that nation idea is based in great territory and its empire and not on the nationality principle, according to which, each people, yet that very small, has the right to its own territory. The unified and industrially developed States build immense empires that, in practical terms, contravene the principle of nationality
文摘Biogas from livestock waste is considered as clean and renewable energy in Vietnam. In the last 20 years, in rural and remote areas of Vietnam, there has been a significant increase of small-scale household biogas digesters. Biogas digesters create the benefits of replacing energy and mitigation of climate change caused by greenhouse gas (GHG) emission and deforestation for firewood and charcoal. Livestock waste produces approximately 85 million tonnes every year and continues to increase, meaning there are huge feedstocks for biogas digesters to meet the energy demands in households. However, there are also many constraints on the development programme for small-scale household biogas digester. In Vietnam, the socio-economic situation and the lack of a sustainable energy policy for biogas from livestock sector are hindering the growth of the biogas digester industry. Government subsidies are needed to encourage farmers to participate. This paper will be helpful not only for the sustainable development of household biogas in Vietnam, but also for the developing program of biogas generation in developing countries with similar agricultural economies to Vietnam.