Development of green economy is an important way to promote the construction of ecological civilization which needs the support of policy system. Therefore, our country should make the green industry and green fiscal ...Development of green economy is an important way to promote the construction of ecological civilization which needs the support of policy system. Therefore, our country should make the green industry and green fiscal policy supporting system perfect, accelerate the reform of investment and financing mechanism, and improve the system of green finance policies. Only by establishing scientific green economic policy support system, can our country promote the construction of ecological civilization.展开更多
To develop circular economy is an important way to implement sustainable development strategies. This paper discusses the theoretical origin of the circular economy, and clarifies the mechanism development of circular...To develop circular economy is an important way to implement sustainable development strategies. This paper discusses the theoretical origin of the circular economy, and clarifies the mechanism development of circular economy. Combined with the status quo of China's economic development, it analyzed the facing problems in the development of circular economy. Our country has carried on the positive exploration and practice in the use of the concept of circular economy to promote sustainable development, and China's circular economy is transferred from the start-up phase to promote the establishment of policy mechanisms. Circular economy strategy will also begin to implement in some of China's mega-cities. Faced with the arrival of the circular economy, we should look to a higher level up to explore how people should take effective measures to turn challenges into opportunities.展开更多
In this paper, we conduct research on the developmental trend of education economy and management major under theperspectives of policy reform and subject game. Education economics and management are two tied for the ...In this paper, we conduct research on the developmental trend of education economy and management major under theperspectives of policy reform and subject game. Education economics and management are two tied for the secondary education management andthe education economics discipline in 1997 to adjust the merger of a cross subject. The development of higher education is refers to the cause ofhigher education by man’s subjective activity to achieve the purpose of process as often characterized by the higher education gross enrollmentratio and the main working age population average received increasing the proportion of the higher education, it is a certain period of a countryof the higher education enterprise overall refl ection of the change process and results. This paper combines the state-of-the-art methodologies topropose the new perspective of the education economy and management subject development that will be meaningful.展开更多
1.This study is one of The Applied Economic Institutes Linkages Project(AERIL)which is funded by theCanadian International Development Agency(CIDA)and jiontly managed by The Conference Board of Canada(CBOC)and the Int...1.This study is one of The Applied Economic Institutes Linkages Project(AERIL)which is funded by theCanadian International Development Agency(CIDA)and jiontly managed by The Conference Board of Canada(CBOC)and the International Trade Research Institute in China.It is jointly implemented by the Institute ofEconomic Research of the Chinese State Planning Commission and the North—South Institute of Canada。展开更多
Firstly, this paper theoretically proves that with the development of open economy the effect of monetary policy will become poor. Secondly, the paper empirically analyzes the impact of open economy on our monetary po...Firstly, this paper theoretically proves that with the development of open economy the effect of monetary policy will become poor. Secondly, the paper empirically analyzes the impact of open economy on our monetary policy. We conclude that there no longer exists long stable relationship between money supply and economic growth. Finally, in four aspects the paper concretely points out that with the open of economy great changes will take place in the implementation of our monetary policy.展开更多
With China’s economic development entering a new normal,high-quality regional economic development has become an important goal of current economic development.As one of the important means to promote high-quality de...With China’s economic development entering a new normal,high-quality regional economic development has become an important goal of current economic development.As one of the important means to promote high-quality development of the regional economy,industrial policies are increasingly receiving attention in terms of their role and impact.This article mainly conducts an in-depth analysis of the mechanism and impact path of industrial policies,exploring the role and impact of industrial policies in promoting high-quality regional economic development.Firstly,industrial policies play an important role in promoting high-quality regional economic development.Secondly,the impact path of industrial policies on the high-quality development of the regional economy mainly includes promoting industrial structure upgrading,promoting technological innovation,guiding resource allocation,and enhancing enterprise competitiveness.Therefore,it is necessary to increase research and practice on industrial policies,continuously optimize policy measures,and promote high-quality development of the regional economy.展开更多
The paper has a detailed literature review in low-carbon economy research of academic circle in our country from three aspects that are conception and connotation of low-carbon economy, necessity and urgency of develo...The paper has a detailed literature review in low-carbon economy research of academic circle in our country from three aspects that are conception and connotation of low-carbon economy, necessity and urgency of developing low-carbon economy and path choice of realizing low-carbon economy in our country. low-carbon economy is the "green economy" that obtains the maximum output by discharging minimum greenhouse gases with the main characteristics of "three low and three high" that are low energy consumption, low pollution, low discharge and high effect, high efficiency, high benefit. To China, developing low-carbon economy is the inevitable choice in realizing peaceful rising and sustainable development as a responsible large country. It conforms to world trends and corresponds to China's actual conditions. Finally, the paper makes a overview of the path choice in realizing low-carbon economy in our country from eight aspects-integral countermeasures and suggestions, technology innovation, consumption pattern innovation, policy innovation, environmental and financial innovation, building low-carbon city, establishing carbon trading market and developing low-carbon agriculture.展开更多
以国际权威期刊《Forest Policy and Economics》为例,选取其2007—2017年刊发的与中国林业经济问题相关的文献,从国际视角对中国林业经济问题进行梳理与总结。基于统计分析,刊发的文献总体呈现数量波动增长、内容多样化、合作形式国际...以国际权威期刊《Forest Policy and Economics》为例,选取其2007—2017年刊发的与中国林业经济问题相关的文献,从国际视角对中国林业经济问题进行梳理与总结。基于统计分析,刊发的文献总体呈现数量波动增长、内容多样化、合作形式国际化,研究区域具体化,定量分析为主等特点。从林产品贸易、森林资源经营管理、森林转型等主题展开对中国林业经济研究的论述,以期为我国相关学者全面把握中国林业经济前沿研究进展和发展趋势提供参考与借鉴。展开更多
Circular economy (CE) has been put fonvard as an important environmental and resource strategy in China.Aiming at the high utilization rate of resources and reduction of pollutants,CE means to realize a shift of fun...Circular economy (CE) has been put fonvard as an important environmental and resource strategy in China.Aiming at the high utilization rate of resources and reduction of pollutants,CE means to realize a shift of fundamental paradigm.With the mode of production and consumption from linear to recycling model,the promotion requires transdisciplinary researches which integrate technological,ecological,social-cultural and other sciences.The present study focuses on the implementation of circular economy from an institutional perspective.Institution acts as a crucial factor by providing incentives for technical innovation,leading investment orientation and determining policy effectiveness,etc.This paper mainly discusses about: firstly,the feature of institution,institutional changes and institutional innovation is articulated,together with eco-industrial park strategy,extended producer's responsibility and dematerialization principle as innovative institutional arrangements; secondly,as policy plays great role on institutional changing process,the mechanism of policy implementation is needed to be related; as a result,coevolution of institutions and policies is thus presented; at last,a pilot attempt is made to find out some operational avenues in accomplishment of CE through both theoretical and practical methodology,special resolutions are put forward after some projecting difficulties and dilemmas in China are described.展开更多
Ever since the introduction of the Open Door Policy, the Pearl River Delta (PRD) has enjoyed very phenomenal export and economic growth. As a result, many scholars have tried to associate the two phenomena and describ...Ever since the introduction of the Open Door Policy, the Pearl River Delta (PRD) has enjoyed very phenomenal export and economic growth. As a result, many scholars have tried to associate the two phenomena and described the region as an,'export-oriented economy'.However, these studies, mostly based on the rapid export growth of the PRD and its status as the most important exporting area of the country,have not paid any heed to the actual export-orientation of the regional economy and, hence, cannot prove that the PRD has been a 'truly'export-oriented economy. in view of these shortcomings. the present paper attempts to re-examine the issue from the viewpoint of the PRD's local economy, at both the regional and county levels. The study period is from 1981 to 1990. Judging from the export-dependency indices and the relative importance of exports in accounting for the economic growth and industrialization of the PRD, this paper concludes that the region, though having signs of increasing export-orientation, cannot be categorized as a 'truly' export-oriented economy. In addition, it also shows that most of the 'evidences' or 'common beliefs' behind the notion of an export-oriented economy in the RD are illusionary, if not erroneous. Finally, the paper explores into the reasons behind the low export-orientation of the PRD and tries to sugyst some ways for boosting the export-orientation of the PRD and tries to suggest some ways for boosting the export-orientation of the region.展开更多
The purposes of this paper are to bring land factor into the general fame of national product and develop a new modified‘IS-LM equilibrium model',aiming to find out the impacts of land factor on the effective all...The purposes of this paper are to bring land factor into the general fame of national product and develop a new modified‘IS-LM equilibrium model',aiming to find out the impacts of land factor on the effective allocation of capital between total supply and total demand constituting gross national product,to analyze the relation mechanism among land factor and macroeconomic variables,and to discuss the theoretical mechanism under which land,fiscal and monetary policy are integrated. Methods employed include econometrics and model analysis. The results indicate that:( i) on the conditions that the equilibrium of supply and demand in land market,the modified IS-LM model taking into account land factor successfully performs transmission mechanism of land policy participation in macroeconomic-control by means of money capital regulation;( ii) the direction and intensity of land policy control are effected by elasticity of land supply and land price,meanwhile different characteristics of land supply elasticity exit in different stages of economic development;( iii) the realization of IS-LM equilibrium requires the aggregate effects of fiscal,monetary and land policy. It is concluded that land policies for macroeconomic-control drives land price higher,and land supply regulation would diminish financial effect. During the economic expansion or recovery period,the effect of expansionary land policy would be counteracted by high land price. During the economic transition or recession period,the government could control economical operation better through tightening land policy.展开更多
This paper develops a two-regional growth model with amenity, capital accumulation and regional public goods with public goods and fiscal policies. The economy consists of two regions and each region consists of the i...This paper develops a two-regional growth model with amenity, capital accumulation and regional public goods with public goods and fiscal policies. The economy consists of two regions and each region consists of the industrial sector and public sector. The industrial sector provides goods in perfectly competitive markets. The public sector, which is financed by the regional government’s tax incomes, supplies regional public goods. The public goods affect both firms and households. We show how to find equilibrium values of the dynamic system and simulate model. Then, we carry out comparative statics analysis with regard to parameter changes in tax rates, congestion and amenity. Our comparative statics analysis provides some important insights. For instance, a main difference between the effects of increasing the two regions’ tax rates on the output is that as the technologically advanced region’s (the other region’s) tax rate on the industrial sector is increased, the national industrial output, national capital employed by the economy, and the national wealth are increased (reduced). In the region which increases the tax rate, the wage rate, consumption and wealth per capita, output per labor force, the population, and land rent are increased, and the corresponding variables in the other region are reduced.展开更多
Andersen and Jordan (1968) aimed to measure efficiency of monetary and fiscal actions on real GDP by employing a time-series model which was called as St. Louis Model afterwards. Although the model is performed in m...Andersen and Jordan (1968) aimed to measure efficiency of monetary and fiscal actions on real GDP by employing a time-series model which was called as St. Louis Model afterwards. Although the model is performed in many countries similarly, the results differ from each other in accordance with the economic structure of relevant country In this regard, the aim of this paper is to investigate the effectiveness of monetary and fiscal policies on real activity and to find out causal relationship among questioned variables using OLS and causality methodologies in Turkish economy over the period 1998:1-2010: IV. Empirical findings indicate that only monetary policy has a significant positive effect on economic activity in the short run, Nonetheless, neither monetary nor fiscal policy has significant impact on real output in the long run. Causality analysis shows that there exists a unidirectional causality running from real output and money stock to government expenditures. Moreover, not surprisingly, it is also found that crisis experiences of Turkey in sample period have highly adverse impact on real activity. Causality analysis suggests us considering government expenditures as explained variable instead of real output. Hence, it can be concluded that St. Louis Model total spending equation is not applicable for Turkish economy during 1998-2010 periods展开更多
This study examines the exchange rate pass-through to the United States(US)restaurant and hotel prices by incorporating the effect of monetary policy uncertainty over the period 2001:M12 to 2019:M01.Using the nonlinea...This study examines the exchange rate pass-through to the United States(US)restaurant and hotel prices by incorporating the effect of monetary policy uncertainty over the period 2001:M12 to 2019:M01.Using the nonlinear autoregressive distributed lag(NARDL)model,empirical evidence indicates asymmetric pass-through of exchange rate and monetary policy uncertainty.Moreover,a stronger pass-through effect is observed during depreciation and a negative shock in monetary policy uncertainty,corroborating asymmetric pass-through predictions.Our results further show that a positive shock in energy prices leads to an increase in restaurant and hotel prices.Furthermore,asymmetric causality indicates that a positive shock in the exchange rate causes a positive shock to restaurant and hotel prices.We found feedback causal effects between positive and negative shocks in monetary policy uncertainty and positive and negative shocks in the exchange rate.Additionally,we detected a one-way asymmetric causality,flowing from a positive(negative)shock to a positive(negative)shock in energy prices.Therefore,these findings provide insights for policymakers to achieve low and stable prices in the US restaurant and hotel industry through sound monetary policy formulations.Highlights.The drivers of restaurant and hotel business in tourism destinations are examined.There is asymmetric pass-through of exchange rate and monetary policy uncertainty.A stronger pass-through is observed during appreciation and a negative shock to monetary policy uncertainty.There is asymmetric causality from positive shock in exchange rate to postive shock in restaurant and hotel prices.展开更多
Usual recommendations concerning the principles of effective economic policy that were given by international experts, closely connected with the "Washington consensus" approach, for the transitive countries, especi...Usual recommendations concerning the principles of effective economic policy that were given by international experts, closely connected with the "Washington consensus" approach, for the transitive countries, especially to Ukraine, do not contain requirements of the active innovation technological policy, stressing importance the measures which provide efficiency of the existing production structure. This article discusses and criticizes such attitude as the strategic methodological platform. The theoretical backgrounds of the presented analysis lay in the Schumpeterian innovation theory of economic development and the Neo-Schumpeterian approaches concerning decisive value of structural and technological change for economic growth. It gives arguments for standpoint that a follow-up economic development can be successful if a country will be able to have expansion of new modem sectors and more innovative structure of production, as investments in the process of innovation must guarantee a permanent structural reform of the national economy on a new technological basis. One of the main means of realization should be the diversification of the organizational forms of the national economy, ensuring the cooperation of small, medium and large companies within the innovation "science-technology-production" cycle. Conclusion that in transitive countries and in Ukraine the contemporary innovation policy should provide effective mechanisms of investing into large-scale structural changes for the benefit of the sectors of the fifth and sixth technological paradigm.展开更多
Modern life has contributed both to increasing living standards,increasing comfort and the development of society,but also to increasing the amount of waste that suffocates the planet and threatens the existence of pr...Modern life has contributed both to increasing living standards,increasing comfort and the development of society,but also to increasing the amount of waste that suffocates the planet and threatens the existence of present and future generations.Among the solutions that are sought and that are included in various programs and policies,the concept of circular economy is one that is increasingly discussed when talking about the sustainable development of society.The circular economy implies a reduction of the natural resources consumed due to both recycling and their fair consumption.At the U.E.level the foundations have been laid for policies aimed at waste management to ensure the application of the principles of the circular economy.Considering the importance that the quantification of the indicators for implementing the circular economy have on the elaboration of more efficient policies,but also on the determination of the degree of implementation of this concept,in this paper we intend to analyze the evolution of these indicators from 2010-2019,in the European Union using a customized version of the DPSIR model.Their analysis led us to the conclusion that although important steps have been taken towards the transition to the circular economy,there are still many aspects that need to be improved in order to achieve the proposed objectives through European policies.展开更多
This paper introduces overall policy and economic environment for power industry in China. Thepolicy environment tends to be favorable, while the economic environment seems worrisome. The latter ismainly due to energy...This paper introduces overall policy and economic environment for power industry in China. Thepolicy environment tends to be favorable, while the economic environment seems worrisome. The latter ismainly due to energy transportation blocking and price escalating. The paper also introduces the performanceand development of listed power companies, and points out that the power stock market is still promising andpower industry is still valuable for investment.展开更多
This paper suggests that a new approach should be taken for the development of China's service sector. Priorities for this include: appropriate objectives for service sector development, enhanced functionality, inte...This paper suggests that a new approach should be taken for the development of China's service sector. Priorities for this include: appropriate objectives for service sector development, enhanced functionality, integrated development between manufacturing and services, improved regional layout of the service sector, and the emergence of reputable brands and leading enterprises. Well-designed and effective industrial policies, as well as calls for major breakthroughs in institutional mechanisms, must support the development of the service sector. Additionally, excessive burdens and difficult financing channels need to be addressed. More attention should be paid to the construction of the credit system, service standardization, and service statistical accounting as element tasks.展开更多
Fiscal and Financial Policy to Bolster Real EconomyChina will continue with stable macroeconomic policies and adopt a combination of fiscal and fnancial measures in an effort to boost domestic demand and bolster suppo...Fiscal and Financial Policy to Bolster Real EconomyChina will continue with stable macroeconomic policies and adopt a combination of fiscal and fnancial measures in an effort to boost domestic demand and bolster support for real economy, the State Council's executive meeting chaired by Premier Li Keqiang decided in the end of July.展开更多
文摘Development of green economy is an important way to promote the construction of ecological civilization which needs the support of policy system. Therefore, our country should make the green industry and green fiscal policy supporting system perfect, accelerate the reform of investment and financing mechanism, and improve the system of green finance policies. Only by establishing scientific green economic policy support system, can our country promote the construction of ecological civilization.
文摘To develop circular economy is an important way to implement sustainable development strategies. This paper discusses the theoretical origin of the circular economy, and clarifies the mechanism development of circular economy. Combined with the status quo of China's economic development, it analyzed the facing problems in the development of circular economy. Our country has carried on the positive exploration and practice in the use of the concept of circular economy to promote sustainable development, and China's circular economy is transferred from the start-up phase to promote the establishment of policy mechanisms. Circular economy strategy will also begin to implement in some of China's mega-cities. Faced with the arrival of the circular economy, we should look to a higher level up to explore how people should take effective measures to turn challenges into opportunities.
文摘In this paper, we conduct research on the developmental trend of education economy and management major under theperspectives of policy reform and subject game. Education economics and management are two tied for the secondary education management andthe education economics discipline in 1997 to adjust the merger of a cross subject. The development of higher education is refers to the cause ofhigher education by man’s subjective activity to achieve the purpose of process as often characterized by the higher education gross enrollmentratio and the main working age population average received increasing the proportion of the higher education, it is a certain period of a countryof the higher education enterprise overall refl ection of the change process and results. This paper combines the state-of-the-art methodologies topropose the new perspective of the education economy and management subject development that will be meaningful.
文摘1.This study is one of The Applied Economic Institutes Linkages Project(AERIL)which is funded by theCanadian International Development Agency(CIDA)and jiontly managed by The Conference Board of Canada(CBOC)and the International Trade Research Institute in China.It is jointly implemented by the Institute ofEconomic Research of the Chinese State Planning Commission and the North—South Institute of Canada。
文摘Firstly, this paper theoretically proves that with the development of open economy the effect of monetary policy will become poor. Secondly, the paper empirically analyzes the impact of open economy on our monetary policy. We conclude that there no longer exists long stable relationship between money supply and economic growth. Finally, in four aspects the paper concretely points out that with the open of economy great changes will take place in the implementation of our monetary policy.
文摘With China’s economic development entering a new normal,high-quality regional economic development has become an important goal of current economic development.As one of the important means to promote high-quality development of the regional economy,industrial policies are increasingly receiving attention in terms of their role and impact.This article mainly conducts an in-depth analysis of the mechanism and impact path of industrial policies,exploring the role and impact of industrial policies in promoting high-quality regional economic development.Firstly,industrial policies play an important role in promoting high-quality regional economic development.Secondly,the impact path of industrial policies on the high-quality development of the regional economy mainly includes promoting industrial structure upgrading,promoting technological innovation,guiding resource allocation,and enhancing enterprise competitiveness.Therefore,it is necessary to increase research and practice on industrial policies,continuously optimize policy measures,and promote high-quality development of the regional economy.
文摘The paper has a detailed literature review in low-carbon economy research of academic circle in our country from three aspects that are conception and connotation of low-carbon economy, necessity and urgency of developing low-carbon economy and path choice of realizing low-carbon economy in our country. low-carbon economy is the "green economy" that obtains the maximum output by discharging minimum greenhouse gases with the main characteristics of "three low and three high" that are low energy consumption, low pollution, low discharge and high effect, high efficiency, high benefit. To China, developing low-carbon economy is the inevitable choice in realizing peaceful rising and sustainable development as a responsible large country. It conforms to world trends and corresponds to China's actual conditions. Finally, the paper makes a overview of the path choice in realizing low-carbon economy in our country from eight aspects-integral countermeasures and suggestions, technology innovation, consumption pattern innovation, policy innovation, environmental and financial innovation, building low-carbon city, establishing carbon trading market and developing low-carbon agriculture.
文摘以国际权威期刊《Forest Policy and Economics》为例,选取其2007—2017年刊发的与中国林业经济问题相关的文献,从国际视角对中国林业经济问题进行梳理与总结。基于统计分析,刊发的文献总体呈现数量波动增长、内容多样化、合作形式国际化,研究区域具体化,定量分析为主等特点。从林产品贸易、森林资源经营管理、森林转型等主题展开对中国林业经济研究的论述,以期为我国相关学者全面把握中国林业经济前沿研究进展和发展趋势提供参考与借鉴。
文摘Circular economy (CE) has been put fonvard as an important environmental and resource strategy in China.Aiming at the high utilization rate of resources and reduction of pollutants,CE means to realize a shift of fundamental paradigm.With the mode of production and consumption from linear to recycling model,the promotion requires transdisciplinary researches which integrate technological,ecological,social-cultural and other sciences.The present study focuses on the implementation of circular economy from an institutional perspective.Institution acts as a crucial factor by providing incentives for technical innovation,leading investment orientation and determining policy effectiveness,etc.This paper mainly discusses about: firstly,the feature of institution,institutional changes and institutional innovation is articulated,together with eco-industrial park strategy,extended producer's responsibility and dematerialization principle as innovative institutional arrangements; secondly,as policy plays great role on institutional changing process,the mechanism of policy implementation is needed to be related; as a result,coevolution of institutions and policies is thus presented; at last,a pilot attempt is made to find out some operational avenues in accomplishment of CE through both theoretical and practical methodology,special resolutions are put forward after some projecting difficulties and dilemmas in China are described.
文摘Ever since the introduction of the Open Door Policy, the Pearl River Delta (PRD) has enjoyed very phenomenal export and economic growth. As a result, many scholars have tried to associate the two phenomena and described the region as an,'export-oriented economy'.However, these studies, mostly based on the rapid export growth of the PRD and its status as the most important exporting area of the country,have not paid any heed to the actual export-orientation of the regional economy and, hence, cannot prove that the PRD has been a 'truly'export-oriented economy. in view of these shortcomings. the present paper attempts to re-examine the issue from the viewpoint of the PRD's local economy, at both the regional and county levels. The study period is from 1981 to 1990. Judging from the export-dependency indices and the relative importance of exports in accounting for the economic growth and industrialization of the PRD, this paper concludes that the region, though having signs of increasing export-orientation, cannot be categorized as a 'truly' export-oriented economy. In addition, it also shows that most of the 'evidences' or 'common beliefs' behind the notion of an export-oriented economy in the RD are illusionary, if not erroneous. Finally, the paper explores into the reasons behind the low export-orientation of the PRD and tries to sugyst some ways for boosting the export-orientation of the PRD and tries to suggest some ways for boosting the export-orientation of the region.
基金Supported by the National Social Science Foundation of China Youth Project(13CJL064)Beijing Philosophy and Social Science Planning Project(13JGC097)
文摘The purposes of this paper are to bring land factor into the general fame of national product and develop a new modified‘IS-LM equilibrium model',aiming to find out the impacts of land factor on the effective allocation of capital between total supply and total demand constituting gross national product,to analyze the relation mechanism among land factor and macroeconomic variables,and to discuss the theoretical mechanism under which land,fiscal and monetary policy are integrated. Methods employed include econometrics and model analysis. The results indicate that:( i) on the conditions that the equilibrium of supply and demand in land market,the modified IS-LM model taking into account land factor successfully performs transmission mechanism of land policy participation in macroeconomic-control by means of money capital regulation;( ii) the direction and intensity of land policy control are effected by elasticity of land supply and land price,meanwhile different characteristics of land supply elasticity exit in different stages of economic development;( iii) the realization of IS-LM equilibrium requires the aggregate effects of fiscal,monetary and land policy. It is concluded that land policies for macroeconomic-control drives land price higher,and land supply regulation would diminish financial effect. During the economic expansion or recovery period,the effect of expansionary land policy would be counteracted by high land price. During the economic transition or recession period,the government could control economical operation better through tightening land policy.
文摘This paper develops a two-regional growth model with amenity, capital accumulation and regional public goods with public goods and fiscal policies. The economy consists of two regions and each region consists of the industrial sector and public sector. The industrial sector provides goods in perfectly competitive markets. The public sector, which is financed by the regional government’s tax incomes, supplies regional public goods. The public goods affect both firms and households. We show how to find equilibrium values of the dynamic system and simulate model. Then, we carry out comparative statics analysis with regard to parameter changes in tax rates, congestion and amenity. Our comparative statics analysis provides some important insights. For instance, a main difference between the effects of increasing the two regions’ tax rates on the output is that as the technologically advanced region’s (the other region’s) tax rate on the industrial sector is increased, the national industrial output, national capital employed by the economy, and the national wealth are increased (reduced). In the region which increases the tax rate, the wage rate, consumption and wealth per capita, output per labor force, the population, and land rent are increased, and the corresponding variables in the other region are reduced.
文摘Andersen and Jordan (1968) aimed to measure efficiency of monetary and fiscal actions on real GDP by employing a time-series model which was called as St. Louis Model afterwards. Although the model is performed in many countries similarly, the results differ from each other in accordance with the economic structure of relevant country In this regard, the aim of this paper is to investigate the effectiveness of monetary and fiscal policies on real activity and to find out causal relationship among questioned variables using OLS and causality methodologies in Turkish economy over the period 1998:1-2010: IV. Empirical findings indicate that only monetary policy has a significant positive effect on economic activity in the short run, Nonetheless, neither monetary nor fiscal policy has significant impact on real output in the long run. Causality analysis shows that there exists a unidirectional causality running from real output and money stock to government expenditures. Moreover, not surprisingly, it is also found that crisis experiences of Turkey in sample period have highly adverse impact on real activity. Causality analysis suggests us considering government expenditures as explained variable instead of real output. Hence, it can be concluded that St. Louis Model total spending equation is not applicable for Turkish economy during 1998-2010 periods
文摘This study examines the exchange rate pass-through to the United States(US)restaurant and hotel prices by incorporating the effect of monetary policy uncertainty over the period 2001:M12 to 2019:M01.Using the nonlinear autoregressive distributed lag(NARDL)model,empirical evidence indicates asymmetric pass-through of exchange rate and monetary policy uncertainty.Moreover,a stronger pass-through effect is observed during depreciation and a negative shock in monetary policy uncertainty,corroborating asymmetric pass-through predictions.Our results further show that a positive shock in energy prices leads to an increase in restaurant and hotel prices.Furthermore,asymmetric causality indicates that a positive shock in the exchange rate causes a positive shock to restaurant and hotel prices.We found feedback causal effects between positive and negative shocks in monetary policy uncertainty and positive and negative shocks in the exchange rate.Additionally,we detected a one-way asymmetric causality,flowing from a positive(negative)shock to a positive(negative)shock in energy prices.Therefore,these findings provide insights for policymakers to achieve low and stable prices in the US restaurant and hotel industry through sound monetary policy formulations.Highlights.The drivers of restaurant and hotel business in tourism destinations are examined.There is asymmetric pass-through of exchange rate and monetary policy uncertainty.A stronger pass-through is observed during appreciation and a negative shock to monetary policy uncertainty.There is asymmetric causality from positive shock in exchange rate to postive shock in restaurant and hotel prices.
文摘Usual recommendations concerning the principles of effective economic policy that were given by international experts, closely connected with the "Washington consensus" approach, for the transitive countries, especially to Ukraine, do not contain requirements of the active innovation technological policy, stressing importance the measures which provide efficiency of the existing production structure. This article discusses and criticizes such attitude as the strategic methodological platform. The theoretical backgrounds of the presented analysis lay in the Schumpeterian innovation theory of economic development and the Neo-Schumpeterian approaches concerning decisive value of structural and technological change for economic growth. It gives arguments for standpoint that a follow-up economic development can be successful if a country will be able to have expansion of new modem sectors and more innovative structure of production, as investments in the process of innovation must guarantee a permanent structural reform of the national economy on a new technological basis. One of the main means of realization should be the diversification of the organizational forms of the national economy, ensuring the cooperation of small, medium and large companies within the innovation "science-technology-production" cycle. Conclusion that in transitive countries and in Ukraine the contemporary innovation policy should provide effective mechanisms of investing into large-scale structural changes for the benefit of the sectors of the fifth and sixth technological paradigm.
文摘Modern life has contributed both to increasing living standards,increasing comfort and the development of society,but also to increasing the amount of waste that suffocates the planet and threatens the existence of present and future generations.Among the solutions that are sought and that are included in various programs and policies,the concept of circular economy is one that is increasingly discussed when talking about the sustainable development of society.The circular economy implies a reduction of the natural resources consumed due to both recycling and their fair consumption.At the U.E.level the foundations have been laid for policies aimed at waste management to ensure the application of the principles of the circular economy.Considering the importance that the quantification of the indicators for implementing the circular economy have on the elaboration of more efficient policies,but also on the determination of the degree of implementation of this concept,in this paper we intend to analyze the evolution of these indicators from 2010-2019,in the European Union using a customized version of the DPSIR model.Their analysis led us to the conclusion that although important steps have been taken towards the transition to the circular economy,there are still many aspects that need to be improved in order to achieve the proposed objectives through European policies.
文摘This paper introduces overall policy and economic environment for power industry in China. Thepolicy environment tends to be favorable, while the economic environment seems worrisome. The latter ismainly due to energy transportation blocking and price escalating. The paper also introduces the performanceand development of listed power companies, and points out that the power stock market is still promising andpower industry is still valuable for investment.
文摘This paper suggests that a new approach should be taken for the development of China's service sector. Priorities for this include: appropriate objectives for service sector development, enhanced functionality, integrated development between manufacturing and services, improved regional layout of the service sector, and the emergence of reputable brands and leading enterprises. Well-designed and effective industrial policies, as well as calls for major breakthroughs in institutional mechanisms, must support the development of the service sector. Additionally, excessive burdens and difficult financing channels need to be addressed. More attention should be paid to the construction of the credit system, service standardization, and service statistical accounting as element tasks.
文摘Fiscal and Financial Policy to Bolster Real EconomyChina will continue with stable macroeconomic policies and adopt a combination of fiscal and fnancial measures in an effort to boost domestic demand and bolster support for real economy, the State Council's executive meeting chaired by Premier Li Keqiang decided in the end of July.