With analysis of producer's and factor supplier's dual optimization motives,this paper developed an optimal nominal output growth rate model that can conduct quantified estimation.Result of estimation of China...With analysis of producer's and factor supplier's dual optimization motives,this paper developed an optimal nominal output growth rate model that can conduct quantified estimation.Result of estimation of China's optimal industrial structure between1992 and 2009 indicates that optimal nominal output growth rate model has successfully quantified the impact of major events occurring in the process of China's economic operation on the level of deviation between actual industrial structure and optimal industrial structure.Quantitative indicators involved in this model can provide industrial policy instruments for the Chinese government in developing and adjusting industrial structure targets,optimizing resource allocation and advancing industrial structure optimization and upgrade.展开更多
This paper examines the impacts of market-oriented electricity reform on macroeconomic variables. It develops an ad hoc econometric model for this purpose, using a panel data of 19 developed countries plus seven Austr...This paper examines the impacts of market-oriented electricity reform on macroeconomic variables. It develops an ad hoc econometric model for this purpose, using a panel data of 19 developed countries plus seven Australian States for the period of 1970-2008. Significance of the impacts is firstly tested against three distinct institutional features of electricity reform, namely： （1） organizational restructuring （i.e., functional unbundling of traditionally vertically integrated industry）; （2） market restructuring （introduction of mandatory bid-based spot market）; and （3） privatization. The extents of the impacts are, then, quantified in terms of relative contribution of such institutional changes to aggregate output growth in short-run, medium-run and long-run. The results reveal that only functional unbundling has made significant contribution to output growth. The results, further, specify that functional unbundling has made, on average, an additional 0.06% and 2.7% contribution to output growth rate in medium-run and long-run respectively.展开更多
基金sponsored by major program of Human and Social Sciences Key Research Center under the Ministry of Education,Theory and Policy Research for the Development of China's Strategic Emerging Industries(Approval No.10JJD790013)National Social Sciences Fund major program"New Tendencies of World Industrial Development and China's Fostering of Strategic Emerging Industries"(Approval No.12&ZD068)major program of Liaoning Social Sciences Planning Fund Research on Strategies for Industrial Structure Optimization of Liaoning Province(Approval No.L10AJL004)
文摘With analysis of producer's and factor supplier's dual optimization motives,this paper developed an optimal nominal output growth rate model that can conduct quantified estimation.Result of estimation of China's optimal industrial structure between1992 and 2009 indicates that optimal nominal output growth rate model has successfully quantified the impact of major events occurring in the process of China's economic operation on the level of deviation between actual industrial structure and optimal industrial structure.Quantitative indicators involved in this model can provide industrial policy instruments for the Chinese government in developing and adjusting industrial structure targets,optimizing resource allocation and advancing industrial structure optimization and upgrade.
文摘This paper examines the impacts of market-oriented electricity reform on macroeconomic variables. It develops an ad hoc econometric model for this purpose, using a panel data of 19 developed countries plus seven Australian States for the period of 1970-2008. Significance of the impacts is firstly tested against three distinct institutional features of electricity reform, namely： （1） organizational restructuring （i.e., functional unbundling of traditionally vertically integrated industry）; （2） market restructuring （introduction of mandatory bid-based spot market）; and （3） privatization. The extents of the impacts are, then, quantified in terms of relative contribution of such institutional changes to aggregate output growth in short-run, medium-run and long-run. The results reveal that only functional unbundling has made significant contribution to output growth. The results, further, specify that functional unbundling has made, on average, an additional 0.06% and 2.7% contribution to output growth rate in medium-run and long-run respectively.
