Background:This study examines the relationship between insurance market density(IMD)and economic growth.Methods:We employed Granger causality technique in 19 Eurozone countries for the period 1980-2014.We use three d...Background:This study examines the relationship between insurance market density(IMD)and economic growth.Methods:We employed Granger causality technique in 19 Eurozone countries for the period 1980-2014.We use three different indicators of IMD,namely life insurance density,non-life insurance density,and total insurance density.We particularly emphasize on whether Granger causality runs between IMD and economic growth both ways,one way,or not at all.Results:Our empirical result recognizes the presence of both unidirectional and bidirectional causality between insurance market density and economic growth.However,these results are mostly non-uniform across Eurozone countries.Conclusions:This study holds important policy implications-economic policies should recognize the differences in the insurance market density and economic growth in order to maintain sustainable economic growth in the Eurozone.展开更多
The purpose of the study is to measure the "growth drag" according to the characteristic of Chinese land resource.Romer model (2001) holds that every country is inevitably affected by the "growth drag&q...The purpose of the study is to measure the "growth drag" according to the characteristic of Chinese land resource.Romer model (2001) holds that every country is inevitably affected by the "growth drag" due to the limitation of land resource.So it's of profound strategic significance to measure the "growth drag" according to the character of Chinese land resource.Modified two-level CES production function was employed,and this paper modified the hypothesis of the model.The result indicates that the limitation of Chinese land resource casts shadow over the economic development of China,and the growth rate is 0.4618% lower than that without the limitation of land resource.Through implementing the land resource protection policy along with the technology improvement and the substitute effect of other factors to the land resource,China will keep a steady and balanced economic growth.展开更多
In this paper, the economic growth factors are classified into two types and three kinds by the growth rate function of Solow. Based on their contribution, the economic growth mode is classified into three types and e...In this paper, the economic growth factors are classified into two types and three kinds by the growth rate function of Solow. Based on their contribution, the economic growth mode is classified into three types and eight kinds. The case analysis of the classfication of economic growth mode is given. Finally, the paper gives the economic growth function which describes the principle of interaction among economic growth factors.展开更多
By extending the traditional productivity theory,a new concept total productivity( TP) is introduced. Using a directional distance function approach,the concept is applied to measuring economic growth of 8 economic re...By extending the traditional productivity theory,a new concept total productivity( TP) is introduced. Using a directional distance function approach,the concept is applied to measuring economic growth of 8 economic regions of China covering an 18 years period( 1997—2014) and test its convergence. Results showed that TP grew at an average rate of 6. 6% per year led mainly by technical change( 6. 5%). When environmental undesirable outputs are included,the Middle Yellow River,Northwest and Southwest regions of China witnessed higher productivity changes. Results of the convergence analysis revealed that China had made progress in reducing regional imbalance in growth. Inclusion of undesirable output showed that the energy-saving emission reduction policies had speed up the convergence rate of TP and environment oriented productivity. However,China's welfare oriented productivity is still very low.展开更多
This paper studied the effects of crop insurance on agricultural output with an economic growth model. Based on Ramsey-Cass-Koopmans (RCK) model, a basic model of agriculture economic growth was developed. Extending...This paper studied the effects of crop insurance on agricultural output with an economic growth model. Based on Ramsey-Cass-Koopmans (RCK) model, a basic model of agriculture economic growth was developed. Extending the basic model to incorporate uncertainty and insurance mechanism, a risk model and a risk-insurance model were built to study the inlfuences of risk and crop insurance on agricultural output. Compared with the steady states of the three models, the following results are achieved:(i) agricultural output decreases if we introduce uncertainty into the risk-free model;(ii) crop insurance promotes agriculture economic growth if insurance mechanism is introduced into the risk model;(iii) premium subsidy constantly improves agricultural output. Our contribution is that we studied the effects of crop insurance and premium subsidy from the perspective of economic growth in a dynamic framework, and proved the output promotion of crop insurance theoretically.展开更多
In the analysis of economic growth factors, the constant elasticity of substitution(CES)production function model is used to calculate the contribution rates of influencing factors to economic growth. However, the tra...In the analysis of economic growth factors, the constant elasticity of substitution(CES)production function model is used to calculate the contribution rates of influencing factors to economic growth. However, the traditional CES production function model fails to consider the staged characteristics of economic growth. Therefore, this study provides a modified model of the CES production function. With regard to its application, a new method for calculating the contribution rates of energy and other influencing factors to economic growth is proposed using a modified CES production function model. This work concludes by calculating the contribution rates of Chinese energy and other influencing factors to economic growth.展开更多
The paper applies Cobb-Douglas Production Function and Solow-Swan Model to constructing the calculation model of the contribution rate of cultivated land occupation by construction (CLOC) to China's economic growth...The paper applies Cobb-Douglas Production Function and Solow-Swan Model to constructing the calculation model of the contribution rate of cultivated land occupation by construction (CLOC) to China's economic growth,and analyzes the contribution change of CLOC to China's economic growth qualitatively and quantitatively.The main conclusions are as follows:1) From 1989 to 2007,the contribution rates of capital,labor,and CLOC to China's economic growth were 45.76%,8.47%,and 6.19% respectively.2) From the period 1989-1996 to the period 1997-2007 the contribution rate of CLOC to China's economic growth increased from 5.40% to 5.87%.The degree of contribution was enhanced significantly.3) The contribution of CLOC to China's economic growth had a spatial distribution characteristic that the contribution rate of eastern coastal regions was the highest,that of central regions came second,and that of western regions the lowest.The paper indicates that in order to enhance the contribution of CLOC to China's economic growth,some relevant economic and administrative measures might be taken,and land might be used intensively and economically to increase land economic density.The cost of promoting gross domestic product (GDP) growth might be reduced as much as possible to achieve higher GDP growth and lower land resource consumption.展开更多
文摘Background:This study examines the relationship between insurance market density(IMD)and economic growth.Methods:We employed Granger causality technique in 19 Eurozone countries for the period 1980-2014.We use three different indicators of IMD,namely life insurance density,non-life insurance density,and total insurance density.We particularly emphasize on whether Granger causality runs between IMD and economic growth both ways,one way,or not at all.Results:Our empirical result recognizes the presence of both unidirectional and bidirectional causality between insurance market density and economic growth.However,these results are mostly non-uniform across Eurozone countries.Conclusions:This study holds important policy implications-economic policies should recognize the differences in the insurance market density and economic growth in order to maintain sustainable economic growth in the Eurozone.
基金founded by the Excellent Young Teachers Program of Shanghai Municipal Education Commission (Grant No. B8101090039)the Project for Doctoral Research Fund of Shanghai Ocean University (Grant No.A2400080314)
文摘The purpose of the study is to measure the "growth drag" according to the characteristic of Chinese land resource.Romer model (2001) holds that every country is inevitably affected by the "growth drag" due to the limitation of land resource.So it's of profound strategic significance to measure the "growth drag" according to the character of Chinese land resource.Modified two-level CES production function was employed,and this paper modified the hypothesis of the model.The result indicates that the limitation of Chinese land resource casts shadow over the economic development of China,and the growth rate is 0.4618% lower than that without the limitation of land resource.Through implementing the land resource protection policy along with the technology improvement and the substitute effect of other factors to the land resource,China will keep a steady and balanced economic growth.
文摘In this paper, the economic growth factors are classified into two types and three kinds by the growth rate function of Solow. Based on their contribution, the economic growth mode is classified into three types and eight kinds. The case analysis of the classfication of economic growth mode is given. Finally, the paper gives the economic growth function which describes the principle of interaction among economic growth factors.
基金Ministry of Education of Humanities and Social Sciences Youth Project,China(No.17YJCZH154)
文摘By extending the traditional productivity theory,a new concept total productivity( TP) is introduced. Using a directional distance function approach,the concept is applied to measuring economic growth of 8 economic regions of China covering an 18 years period( 1997—2014) and test its convergence. Results showed that TP grew at an average rate of 6. 6% per year led mainly by technical change( 6. 5%). When environmental undesirable outputs are included,the Middle Yellow River,Northwest and Southwest regions of China witnessed higher productivity changes. Results of the convergence analysis revealed that China had made progress in reducing regional imbalance in growth. Inclusion of undesirable output showed that the energy-saving emission reduction policies had speed up the convergence rate of TP and environment oriented productivity. However,China's welfare oriented productivity is still very low.
文摘This paper studied the effects of crop insurance on agricultural output with an economic growth model. Based on Ramsey-Cass-Koopmans (RCK) model, a basic model of agriculture economic growth was developed. Extending the basic model to incorporate uncertainty and insurance mechanism, a risk model and a risk-insurance model were built to study the inlfuences of risk and crop insurance on agricultural output. Compared with the steady states of the three models, the following results are achieved:(i) agricultural output decreases if we introduce uncertainty into the risk-free model;(ii) crop insurance promotes agriculture economic growth if insurance mechanism is introduced into the risk model;(iii) premium subsidy constantly improves agricultural output. Our contribution is that we studied the effects of crop insurance and premium subsidy from the perspective of economic growth in a dynamic framework, and proved the output promotion of crop insurance theoretically.
基金Supported by National Natural Science Foundation of China(11401418)
文摘In the analysis of economic growth factors, the constant elasticity of substitution(CES)production function model is used to calculate the contribution rates of influencing factors to economic growth. However, the traditional CES production function model fails to consider the staged characteristics of economic growth. Therefore, this study provides a modified model of the CES production function. With regard to its application, a new method for calculating the contribution rates of energy and other influencing factors to economic growth is proposed using a modified CES production function model. This work concludes by calculating the contribution rates of Chinese energy and other influencing factors to economic growth.
基金National Natural Science Foundation of China, No. 40971107 Acknowledgements The authors would like to express their sincere thanks to Wang Zhen from Beijing Normal University for her invaluable help.
文摘The paper applies Cobb-Douglas Production Function and Solow-Swan Model to constructing the calculation model of the contribution rate of cultivated land occupation by construction (CLOC) to China's economic growth,and analyzes the contribution change of CLOC to China's economic growth qualitatively and quantitatively.The main conclusions are as follows:1) From 1989 to 2007,the contribution rates of capital,labor,and CLOC to China's economic growth were 45.76%,8.47%,and 6.19% respectively.2) From the period 1989-1996 to the period 1997-2007 the contribution rate of CLOC to China's economic growth increased from 5.40% to 5.87%.The degree of contribution was enhanced significantly.3) The contribution of CLOC to China's economic growth had a spatial distribution characteristic that the contribution rate of eastern coastal regions was the highest,that of central regions came second,and that of western regions the lowest.The paper indicates that in order to enhance the contribution of CLOC to China's economic growth,some relevant economic and administrative measures might be taken,and land might be used intensively and economically to increase land economic density.The cost of promoting gross domestic product (GDP) growth might be reduced as much as possible to achieve higher GDP growth and lower land resource consumption.