Research on the Digital Economy's Impact on China's Economic Growth:Based on the Variations in Urbanization Levels Across China's Eastern,Central,and Western Regions and Sectoral Heterogeneity

This paper uses inter-provincial panel data from 2011 to 2017,a linear regression model,and a threshold model to conduct empirical analyses of the impact of the digital economy on China's overall economic growth and the three main sectors of industry.The paper then investigates the impact and effects the digital economy has had on the economic growth of the three main sectors of industry in China's eastern,central,and western regions.Finally,the paper investigates the most significant differences among the various regions and the threshold effects of urbanization levels on the relationship between the digital economy and economic growth.The findings indicate a significantly positive correlation between the digital economy and regional economic growth.Moreover,geographical factors notably influence this correlation.The digital economy exerts a positive effect on all sectors of industry.It may not substantially impact industrial development in regions with highly developed infrastructure.Regarding the other regions,the digital economy exhibits varying degrees of impact due to the differences in the specific indicators.The conclusion drawn by the threshold model is that the magnitude of the threshold effect correlates with geographic factors.No threshold effect was observed in the eastern region,while the threshold effect occurred in the central region when the urbanization levels for the provinces were below 0.6645.Similarly,the threshold effect was noted in the western region when the urbanization level was below 0.3931.Considering all of this,the study also offers policy recommendations that will help balance the regional development of digital economies,accelerate the digital transformation of traditional industries,enhance digital infrastructure construction,refine the formulation and implementation of data policy,and establish relevant incentive mechanisms.

The relationship between energy consumption and economic growth and the development strategy of a low-carbon economy in Kazakhstan

Fossil energy is the material basis of human survival, economic development and social progress. The relationship between energy consumption and economic growth is becoming increasingly close. However, energy consumption is the major source of greenhouse gases, which can significantly affect the balance of the global ecosystem. It has become the common goal of countries worldwide to address climate change, reduce carbon dioxide emissions, and implement sustainable development strategies. In this study, we applied an approximate relationship analysis, a decoupling relationship analysis, and a trend analysis to explore the relationship between energy consumption and economic growth using data from Kazakhstan for the period of 1993-2010. The results demonstrated： （1） the total energy consumption and GDP in Kazakhstan showed a ＂U＂-type curve from 1993 to 2010. This curve was observed because 1993-1999 was a period during which Kazakhstan transitioned from a republic to an independent country and experienced a difficult transition from a planned to a market economy. Then, the economic system became more stable and the industrial production increased rapidly because of the effective financial, monetary and industrial policy support from 2000 to 2010. （2） The relationships between energy con- sumption and carbon emissions, economic growth and energy exports were linked; the carbon emissions were mainly derived from energy consumption, and the dependence of economic growth on energy exports gradually increased from 1993 to 2010. Before 2000, the relationship between energy consumption and economic growth was in a recessional decoupling state because of the economic recession. After 2000, this relationship was in strong and weak decoupling states because the international crude oil prices rose and energy exports increased greatly year by year. （3） It is forecasted that Kazakhstan cannot achieve its goal of energy consumption by 2020. Therefore, a low-carbon economy is the best strategic choice to address climate change from a global perspective in Kazakhstan. Thus, we proposed strategies including the improvement of the energy consumption structure, the development of new energy and renewable energy, the use of cleaner production technologies, the adjustment and optimization of the industrial structure, and the expansion of forest areas.

The Impact of the Digital Economy on Financial Regulatory Costs: An Empirical Analysis Based on the Solow Growth Model

As a novel economic form,the digital economy is reshaping the financial regulatory landscape and significantly impacting regulatory costs.This paper incorporates the digital economy and financial regulatory costs into the classic Solow growth model,uncovering an inverted U-shaped relationship between them.A subsequent mechanism analysis explains the rationale behind this relationship.To empirically examine this relationship in China,the paper utilizes inter-provincial panel data from 2013 to 2021 and employs methodologies such as the two-way fixed effects and moderating effects models.These analyses have important implications for the sound and sustainable development of China’s financial industry.The findings indicate:(a)As China’s digital economy develops,its impact on financial regulatory costs follows an inverted U-shaped pattern,initially increasing and then declining.This conclusion remains valid after robustness tests.(b)The influence of the digital economy on regulatory costs depends on favorable external conditions.Specifically,the impact is more pronounced in regions and periods with better digital infrastructure and more abundant human capital.(c)Additionally,redundant resources moderate this impact,which can weaken the inverted U-shaped relationship.Our findings not only provide a theoretical foundation for understanding the impact of the digital economy on financial regulatory costs but also offer valuable policy insights for optimizing financial regulation in China.

Why Bubble Economy Occurs and Crashes？ Repeated History of Economic Growth and Collapse

This paper shows that there are two different phases in economics. These are the primal and dual problems. In the primal problem phase, capital expenditures of private corporations grow, creating an impetus towards the maximization of profits. In this case, as Adam Smith once wrote, the ＂invisible hand of God＂ works to lead the economy to a significant growth. This paper defines the concept of economic growth, bubble economy and destruction of bubble economy. And this paper describes why bubble economy occurs and crashes. In the process, this paper shows that primal economy exists before bubble economy and dual economy exists after destruction of bubble economy.

A Factor Analytic Model of Economic Growth Basing on Domestic and Foreign Resource and a Positive Study of Korean Economy

The most popular and traditional method to analyze the source of economic growth is created by Robert. M.Solow, but it has some localizations and is not very precise in some sense. In this paper, we will classify all sources of economic growth into domestic part and foreign part. Gross domestic products (GDP) growth is decomposed into labor input, domestic capital formation, imported foreign capital formation, and total factor productivity (TFP) growth. TFP growth is again divided into scale economies, capital utilization, human capital, domestic research and development (R&D)effort, and imported foreign technology. In this way,foreign resources include imported foreign capital formation and foreign technology. By model and demonstration, we analyze the impact of foreign resource to an economy, and the contribution of each factor (especially technological progress) to economic growth.

Special Economic Zones——New growth points in China's economy

It was approved by the State Council in1984 to establish economic andtechnological development zones in 14coastal port cities to function as windows forthose cities to attract foreign investment,introduce advanced technology andmanagement methods and expand the export-oriented economy. Since 1992, 18 otherdevelopment zones have been approved bythe Council, increasing the number of suchzones to 32.

China’s Potential Economic Growths during 2015-2025 under Different Scenarios~

China has entered a crucial period of further growth and restructuring that will last until 2025. Based on a review of the major factors affecting China＇s potential economic growth, this paper has created an integrated economic system model consisting of system dynamics, econometrics, and input-output for the forecast of China＇s economic size and structure by 2025. Analysis shows that prior to 2025, China will be able to maintain a potential annual economic growth rate of 5.7%-7.2%. Faced with an international environment of a possible slowdown of advanced economies and diminishing demographic dividends, China needs to further expedite its urbanization process, enhance R＆D and education spending, increase total factor productivity （TFP）, vigorously develop the tertiary sector, and expand consumption in order to achieve the optimistically estimated growth of 6.6%-7.4% during the period of 2015-2025. Economic growth should be accompanied by the upgrade of industry structure and improvement of investment and consumption structures.

Preventive Countermeasures for "Immiserizing Growth in Expanding Economies" in China's Rural Areas in the New Era

On the basis of defining the concept of "immiserizing growth in expanding economies",through analysing the status quo of economy in China's rural areas in the new era,this paper aims to find out the factors responsible for economic weakness of China's rural residents.It analyses the impact of market consuming economy on growth economy,and points out the phenomenon of "immiserizing growth in expanding economies" which may be triggered by China's rapid rural economic growth as follows:first,the income disparity between urban and rural residents increases ceaselessly,the commodity prices continuously soar,and the rural residents' market consuming capacity is short;second,the wealth concentrates highly and the majority of farmers' income is low.Thus we put forward the countermeasures and proposals for preventing "immiserizing growth in expanding economies" in rural areas as follows:we should reform household registration system so that the rural residents have the right to migrate freely,and farmers' status is promoted;we should coordinate urban-rural development,strengthen agriculture and rural infrastructure building and achieve impartial allocation of public resources;we should carry out redistribution on income scientifically and effectively,consolidate rural social security system,bridge urban-rural income gap,transform the comparative advantage into competitive advantage,so as to circumvent "immiserizing growth in expanding economies".

Development Plan for Under- forest Economy of Henan Province Based on Central Plains Economic Region

Firstly,this paper analyzed current situations,major practice and existing problems of under-forest economy in Henan Province.Then,it made an in-depth discussion of guiding thought,principle and objectives,construction task and safeguarding measures of the underforest economic development plan. Besides,it analyzed benefits of the under-forest economic development plan. By 2017,the area of underforest economic land will reach 1. 60 million hm2,create output value of 155. 2 billion yuan( accounting for more than 20% of forest output value),provide 3. 27 million jobs,and will greatly increase ecological carrying capacity of construction and development of the Central Plains Economic Region( CPER).

Study on the Development of Under-forest Economy in Guangdong Mountain Areas

From the origin and connotation of the under-forest economy,this paper analyzed plight of the development of under-forest economy in Guangdong mountain areas. It discussed benefits of under-forest economy,favorable conditions and development path of under-forest economy in Guangdong mountain areas. Results indicate that developing under-forest economy is an essential path for realizing green growth and coordinated development of Guangdong mountain areas. However,due to terrain,market,management and technology reasons,the under-forest economy is still not fully developed in Guangdong mountain areas. The development path of under-forest economy suitable for Guangdong mountain areas should be based on ecological protection and oriented towards maximizing ecological,economic and social benefits. Guangdong mountain areas have in-born natural and resource advantages,economic pull of development mode and market demand change,and favorable condition of policy encouragement for development of under-forest economy. Finally,it came up with recommendations for development of under-forest economy in Guangdong mountain areas from development mode,industrial distribution and development direction.

China＇s Economic Growth and Structural Transition since 1978

Over the past 40 years of reform and opening-up during 1978-2018, China ＇S rapid economic growth has become a miracle in world economic history and reshaped the world economy. In the 40 years, China has successfully transformed from an isolated agricultural country into the world＇s largest industrial manufacturer. In 2018, China＇s urbanization rate is expected to reach 60% with per capita GDP expected to reach 9, 000 USD. After another 5 to 8 years, China will join the rank of high-income countries, successfully cross the middle-income trap and become a moderately prosperous economy in all respects. In its modernization drive, China will follow the new concept of ＂innovation, coordinated, green, open and shared development＂ and strive to achieve its ＂two centennial

Digital Economy, Financial Inclusion and Inclusive Growth

This paper represents an early attempt to investigate whether digital finance driven by the internet revolution helps promote inclusive growth in China.We match the Index of Digital Financial Inclusion,which measures digital finance development in China,with data of the China Family Panel Studies(CFPS),which provide representative household survey data in China.Firstly,based on sub-sample empirical analysis,we find that digital finance has helped increase household income,especially rural household income,in China.Thus,digital finance is conducive to inclusive growth in China by narrowing regional and urban-rural gaps.Secondly,we examine how digital finance spurs inclusive growth in China by bringing rural households equal access to entrepreneurship opportunities.Lastly,we uncover how digital finance interacts with physical capital and social capital in promoting entrepreneurship,concluding that households with less physical or social capital had bene fited more,which is also conducive to inclusive growth.

Analysis of the Impacts of Nongovernmental Economy on Nonagricultural Employment Growth in China

The importance of solving the employment problems by nongovernmental economy in China has aroused the concern of many scholars widely. However, few literatures could be found to deal with the impacts on nonagricultural employment growth in China by nongovernmental economy from several levels such as the whole nation, urban and rural. Based on the research accessed on the relationships between nongovernmental economy and em-ployment, the impacts of the development of nongovernmental economy on non-agricultural employment growth in China are emphasized in this paper. Taking time series data of non-agricultural employment in China’s different economy types in 1992–2005 as study objects, by establishing econometric re-gression models, some meaningful points are found as follows, the impacts of nongovernmental economy on the nonagricultural employment in either national or urban-rural level are rather sig-nificant although their impacts’ degrees are different. Based on the research findings above, some countermeasures are proposed to accelerate the nongovernmental economic development and im-prove its ability to absorb nonagricultural employment.

The Comprehensive Benefits about Under-forest Economy in Shijiazhuang City

Based on the relevant domestic and foreign theories,we establish the evaluation indicator system for the comprehensive benefits about under-forest economy. Using the data from 2010 to 2014,we employ AHP to measure the comprehensive benefits of under-forest economy,and convert the comprehensive benefits into the data that can be used for analysis and comparison. It is found that the comprehensive benefit index of under-forest economy in Shijiazhuang City continued to increase from 2010 to 2014(0.223,0.515,0.523,0.698 and 0.956,respectively). This further indicates that the under-forest economy in Shijiazhuang City shows a good trend towards the goal of high quality and efficiency,so it is a correct model of development. Based on the results and the problems during the research process,some policy recommendations are brought forward for the development of under-forest economy.

How to Sustain the Rapid Growth of China's Economy

Can the rapid growth of China’s economy be sustained? How is it to be sustained? This has become a hot topic in recent years arousing worldwide attention. To understand the reason for this much talked about topic, we have to look at the past 30 years of China’s development, and how it has become an important force in the world economy. Whether

Can Emerging Economies Catch-up Sustainably？-An Analysis of BRICS＇ Economic Growth Pattern

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.

Research on the Impact of Industrial Agglomeration and Structural Upgrade on County Economic Growth under the New Normal Condition-Based on the Empirical Study of 101 County Counties in Jiangsu and Zhejiang Provinces

In this paper, the method of generalized moments of data and systems for 101 counties in Jiangsu and Zhejiang Provinces is used to analyze the impact of industrial agglomeration and industrial structure upgrading on county economic growth. The real diagnosis result indicated that, the industry gathers with the industrial structure promotes has the forward function to the county territory economic growth rate, in the sample time that had not discovered the industry gathers to the economical growth existence non-linearity in？ uence. On the other hand, the industrial structure promotes to the county territory economy long-term growth power is stronger, later period should break through the present stage in the manufacturing industry mature county territory through the industrial structure promotion strategy the industry to glide down.

Economic Effect of China's Rural Financial Market Growth during 1952-2013

Through study,it is found that since 1952,there has been a long-run equilibrium relationship between China's rural financial market growth and rural economic growth,the government-led rural financial market growth has effectively supported rural economic growth,and increasing the farmers' financing ratio has always helped to boost long-term growth of the rural economy.However,dominated by market mechanism from 1978,there is only one-way support relationship:rural economic growth brings about quantitative growth of rural financial market.

Quantitative Analysis of Contribution of Industrial Structure to Economic Growth in Jiangsu Province

The industrial structure in Jiangsu Province realizes the transformation from "secondary industry-primary industry-tertiary industry" to "tertiary industry-secondary industry-primary industry". However, the effectiveness of this model of industry-dominate industrial structure and the role of industrial structure pattern in promoting regional economic growth are yet to be researched. By using shift-share analysis method, we judge the importance of factors of industrial structure in regional economic growth of Jiangsu Province, and point out that factors of industrial structure are not the dominant forces in economic growth of Jiangsu Province; among the contributions of three industries to economic growth of Jiangsu Province, the contribution of the primary industry is greatest, followed by the contribution of secondary industry and the contribution of tertiary industry successively; real estate industry makes the greatest contribution to economic growth of Jiangsu Province; financial industry and construction industry make relatively small contributions; the potential of industry needs to be further developed. In the process of economic development of Jiangsu Province, the industrial structure is yet to be further optimized so as to give play to the role of industry in promoting the development of Jiangsu Province.

Priorities Outlined for Maintaining China's Sustainable Economic Growth

The next 15 years will continue to witness the rapid economic rise of China,with an emphasis on both quality and speed.In the first half of the 21st century,rural areas remain to be the"strategic citadel"of expanding domestic demand and economic growth.In the face of energy and resource challenges,China plans to lay the groundwork of a resource-efficient society in 30 years.Other priorities include:building a favourable environment for international exchange,persisting in the path of"bringing-in,going global"and advancing international competition and cooperation based on mutual benefit and win-win situations.Moreover,to pursue independent innovation,develop private-run businesses,and engage the initiative of both local government and enterprises to enhance China’s economic vibrancy and sustainable growth.