The Empirical Analysis on the Dynamic Effect of Rural-urban Migration on the Consumption Growth of Residents in China——Based on Varying Parameter State-space Model

The research constructed varying parameter state-space model and per- formed estimation on dynamic relationship between urban-rural migration and aggre- gate consumption expenditure on basis of dual economic structure. The results showed that urban consumption growth made the most contribution to aggregate consumption growth, followed by urban-rural migration caused consumption. The role of rural consumption growth kept stable, but consumption caused by population growth was decreasing. Therefore, China consumption growth mainly relies on urban consumption expenditure and urban-rural migration.

Efficiency,Equity and Effect:a case study on virtual water consumption characteristics

Scarcity of water is the key factor restricting the growth of social economy.The virtual water theory provides a new way to solve the problem of water scarcity.For this paper,we have calculated the virtual water consumption of each household,grouped by income,of Gansu province for 1992-2005.Then we advanced the indicator of virtual water with per-unit-of-consumption expenditure to analyze the efficiency of virtual water consumption.Additionally,we recurred to the diversity theory advanced by Ulanowicz,which is broadly employed by ecologists and biologists,to analyze the characteristics of virtual water consumption.As a result,the virtual water consumption of each group decreased yearly from 1992 to 2005,on the whole;decreasing proceeded slower during the period of 1992-1997 than during 1998-2005.Per-unit-consumption expenditure of virtual water for each group represents the same characteristics,on the whole,as virtual water consumption.The largest variation of this indicator exists in the group of the lowest income,which ranges from 1.58 to 0.18 m3/Yuan.yr;whereas the least exists in the highest income group,which is 0.58 to 0.07 m3/Yuan.yr.The virtual diversity indicator increased year by year,and the change of this indicator in 1992-1997 was more obvious than in 1998-2005.Finally,from this study we find that,in view of virtual water,we can save water by means of changing consumption patterns and increasing consumption diversity,but without degrading the quality of living and reducing the demands of living.When the problem of water scarcity becomes more and more serious in Gansu of China,this suggestion becomes more and more important.The consumption,the role of guiding production produce,is very important.An unsustainable consumption pattern is the main factor causing the deterioration of the world environment,especially in a developing country.The sustainable consumption is the only way to develop human beings and achieve the economical sustainable economics.

Development of the Insurance Industry in Europe in Economic and Financial Crisis

This paper analyzes the evolution of the insurance sector in Europe, focuses on the European Union （EU） member states, and considers the impact of economic and financial crisis on that sector. The European private insurance market is a developed market having an investment portfolio of 7,740 billion euros in 2011, an amount corresponding to 55% of the gross domestic product （GDP） of the 32 European markets members of Insurance Europe. Therefore, the importance of this sector as a long-term investor and major employer is obvious for the stability and growth of European economy. However, the insurance sector has been considerably affected since 2009 due to the global economic and financial crisis, which has had negative effects not only on the evolution of the value of insurance premiums underwritten, but also on the return on investment of the insurance companies.