Under the new economic normal,the financial industry plays an important role in the high-quality development of the national economy,which is conducive to promoting the development of a socialist market economy with C...Under the new economic normal,the financial industry plays an important role in the high-quality development of the national economy,which is conducive to promoting the development of a socialist market economy with Chinese characteristics,improving the financial system,laying a good foundation for the“Internet+”economic development,and promoting the stability and prosperity of the market economy.China’s financial industry should be based on the new economic normal,strengthen the risk control of the financial industry,and ensure the stability of the financial market;Further improve the inclusive finance business,alleviate the capital problems of small and medium-sized enterprises,and activate the vitality of the financial industry;Promote fintech innovation,adapt to market changes and technological progress of The Times,and improve the comprehensive competitiveness of China’s financial industry;Improve the financial supervision system,strengthen the supervision of the financial industry,standardize the development of the financial industry,and promote the high-quality development of the financial industry.展开更多
This study investigated the impact of financial sector development on domestic investment in selected countries of the Economic Community of West African States(ECOWAS)for the years 1985–2017.The study employed the a...This study investigated the impact of financial sector development on domestic investment in selected countries of the Economic Community of West African States(ECOWAS)for the years 1985–2017.The study employed the augmented mean group procedure,which accounts for country-specific heterogeneity and crosssectional dependence,and the Granger non-causality test to test for causality in the presence of cross-sectional dependence.The results show that(1)The impact of financial sector development on domestic investment depends on the measure of financial sector development utilised;(2)Domestic credit to the private sector has a positive but insignificant impact on domestic investment in ECOWAS,whereas banking intermediation efficiency(i.e.,ability of the banks to transform deposits into credit)and broad money supply negatively and significant influence domestic investment;(3)Cross-country differences exist in the impact of financial sector development on domestic investment in the selected ECOWAS countries;and(4)Domestic credit to the private sector Granger causes domestic investment in ECOWAS.The study recommends careful consideration in the measure of financial development that is utilised as a policy instrument to foster domestic investment.We also highlight the importance of employing country-specific domestic investment policies to avoid blanket policy measures.Domestic credit to the private sector should be given priority when forecasting domestic investment into the future.展开更多
The idea of this survey on microfinance in Panama arises from the importance of this financial sector in Latin America, in particular this paper analyzes the system of microcredit and estimate, among other things, the...The idea of this survey on microfinance in Panama arises from the importance of this financial sector in Latin America, in particular this paper analyzes the system of microcredit and estimate, among other things, the financial needs of the institutions of microcredit as a potential target of international investment. The present paper aims to provide a cognitive framework on microcredit in Panama. It wants to demonstrate how this country can be an area in which international investors can operate considering that this form of credit can improve their yields especially in countries, such as Panama, characterized by high interest rates. Under the methodological point of view, the paper considers the financial variables of microcredit in Panama. In this way, it reaches the goal of the research to identify MFIs （micro finance institutions） as a potential target of investors.展开更多
As the foundation of national strength, the manufacturing industry fundamentally determines a country’s overall robustness and international competitiveness. The key to achieving China’s shift from being a major man...As the foundation of national strength, the manufacturing industry fundamentally determines a country’s overall robustness and international competitiveness. The key to achieving China’s shift from being a major manufacturing country to a global manufacturing powerhouse lies in promoting high-quality development of the manufacturing industry.展开更多
China’s service sector has developed a lot in the 13th Five-Year Plan period,and is positioned to upgrade on all fronts in the new era. In the 14th Five-Year Plan period,China’s service sector boasts huge potentials...China’s service sector has developed a lot in the 13th Five-Year Plan period,and is positioned to upgrade on all fronts in the new era. In the 14th Five-Year Plan period,China’s service sector boasts huge potentials and is expected to maintain steady growth. By2025, the service sector is expected to account for 59.05% of total value added, 54.96% ofemployment, 60.51% of fixed asset investment, and 50.04% of consumption. Service laborproductivity will rise from 143,400 yuan/person in 2019 to 178,400 yuan/person by 2025.It can thus be concluded that in the 14th Five-Year Plan period, China’s service sectorwill play a dominant role in the economy and head toward higher quality development. Toachieve this goal, we must allow for the decisive role of the market and the fundamentalrole of the government, and open up new prospects in development of the service sector withrespect to digilitalization, platform-based operations, smart technology, integration, andstandardization.展开更多
在欧洲金融业迅速发展的背景下,具有组织学学术背景的荷兰学者Vermeulen P A M及其团队,对新服务开发研究进行了连续研究,其路径反映了国际上新服务开发研究的趋势.本文以Vermeulen在1997—2007年进行的新服务开发研究为线索,通过对其11...在欧洲金融业迅速发展的背景下,具有组织学学术背景的荷兰学者Vermeulen P A M及其团队,对新服务开发研究进行了连续研究,其路径反映了国际上新服务开发研究的趋势.本文以Vermeulen在1997—2007年进行的新服务开发研究为线索,通过对其11篇(部)学术成果的总结分析,梳理出新服务开发从关键成功因素研究范式向组织制度学派等研究范式的转换路径,以及问题情境化和方法多元化的科学发展趋势.结论是,制造业新产品开发理论向服务业的移植,难以适应服务企业轻型项目小组开发情境,因此亟需更具容纳性的理论,并将走向宏微观结合的路径.可以预见,新服务开发流派从传统的营销管理学科(产品管理)分化出去,只是时间问题.展开更多
文摘Under the new economic normal,the financial industry plays an important role in the high-quality development of the national economy,which is conducive to promoting the development of a socialist market economy with Chinese characteristics,improving the financial system,laying a good foundation for the“Internet+”economic development,and promoting the stability and prosperity of the market economy.China’s financial industry should be based on the new economic normal,strengthen the risk control of the financial industry,and ensure the stability of the financial market;Further improve the inclusive finance business,alleviate the capital problems of small and medium-sized enterprises,and activate the vitality of the financial industry;Promote fintech innovation,adapt to market changes and technological progress of The Times,and improve the comprehensive competitiveness of China’s financial industry;Improve the financial supervision system,strengthen the supervision of the financial industry,standardize the development of the financial industry,and promote the high-quality development of the financial industry.
文摘This study investigated the impact of financial sector development on domestic investment in selected countries of the Economic Community of West African States(ECOWAS)for the years 1985–2017.The study employed the augmented mean group procedure,which accounts for country-specific heterogeneity and crosssectional dependence,and the Granger non-causality test to test for causality in the presence of cross-sectional dependence.The results show that(1)The impact of financial sector development on domestic investment depends on the measure of financial sector development utilised;(2)Domestic credit to the private sector has a positive but insignificant impact on domestic investment in ECOWAS,whereas banking intermediation efficiency(i.e.,ability of the banks to transform deposits into credit)and broad money supply negatively and significant influence domestic investment;(3)Cross-country differences exist in the impact of financial sector development on domestic investment in the selected ECOWAS countries;and(4)Domestic credit to the private sector Granger causes domestic investment in ECOWAS.The study recommends careful consideration in the measure of financial development that is utilised as a policy instrument to foster domestic investment.We also highlight the importance of employing country-specific domestic investment policies to avoid blanket policy measures.Domestic credit to the private sector should be given priority when forecasting domestic investment into the future.
文摘The idea of this survey on microfinance in Panama arises from the importance of this financial sector in Latin America, in particular this paper analyzes the system of microcredit and estimate, among other things, the financial needs of the institutions of microcredit as a potential target of international investment. The present paper aims to provide a cognitive framework on microcredit in Panama. It wants to demonstrate how this country can be an area in which international investors can operate considering that this form of credit can improve their yields especially in countries, such as Panama, characterized by high interest rates. Under the methodological point of view, the paper considers the financial variables of microcredit in Panama. In this way, it reaches the goal of the research to identify MFIs （micro finance institutions） as a potential target of investors.
文摘As the foundation of national strength, the manufacturing industry fundamentally determines a country’s overall robustness and international competitiveness. The key to achieving China’s shift from being a major manufacturing country to a global manufacturing powerhouse lies in promoting high-quality development of the manufacturing industry.
基金the Innovation Project of the Chinese Academy of Social Sciences: “Study on Service Sector Upgrade Strategies and MajorPolicies in the 14th Five-Year Plan Period” (Grant No. 2020CJY01-B004).
文摘China’s service sector has developed a lot in the 13th Five-Year Plan period,and is positioned to upgrade on all fronts in the new era. In the 14th Five-Year Plan period,China’s service sector boasts huge potentials and is expected to maintain steady growth. By2025, the service sector is expected to account for 59.05% of total value added, 54.96% ofemployment, 60.51% of fixed asset investment, and 50.04% of consumption. Service laborproductivity will rise from 143,400 yuan/person in 2019 to 178,400 yuan/person by 2025.It can thus be concluded that in the 14th Five-Year Plan period, China’s service sectorwill play a dominant role in the economy and head toward higher quality development. Toachieve this goal, we must allow for the decisive role of the market and the fundamentalrole of the government, and open up new prospects in development of the service sector withrespect to digilitalization, platform-based operations, smart technology, integration, andstandardization.
文摘在欧洲金融业迅速发展的背景下,具有组织学学术背景的荷兰学者Vermeulen P A M及其团队,对新服务开发研究进行了连续研究,其路径反映了国际上新服务开发研究的趋势.本文以Vermeulen在1997—2007年进行的新服务开发研究为线索,通过对其11篇(部)学术成果的总结分析,梳理出新服务开发从关键成功因素研究范式向组织制度学派等研究范式的转换路径,以及问题情境化和方法多元化的科学发展趋势.结论是,制造业新产品开发理论向服务业的移植,难以适应服务企业轻型项目小组开发情境,因此亟需更具容纳性的理论,并将走向宏微观结合的路径.可以预见,新服务开发流派从传统的营销管理学科(产品管理)分化出去,只是时间问题.
