Restrictions on Foreign Investment Admission in Mining and Manufacturing Sectors will be Greatly Relaxed

'China will significantly reduce restrictions on foreign investment admission in the service,manufacturing and mining sectors by amending the Catalog of Industries for Guiding Foreign Investment and related policies and regulations.'Wang Shouwen,Vice Minister of Department of Commerce has

FDI in Hi-tech Service Sector and Hi-tech Manufacturing Increased

China’s foreign trade from January to July According to the Customs statistics,China’s total import and export in January-July reached RMB 13.21trillion,down 3%year on year.Among these,the export was RMB 7.6 trillion,down 1.6%;the import RMB 5.61trillion,down 4.8%.The surplus was RMB 1.99 trillion,up 8.7%.(In

Effect of financial constraints on the growth of family and nonfamily firms in Turkey

This study examined whether family-owned firms have advantages for accessing external financial sources for growth.Especially in developing countries with imperfect markets,firms can face difficulties accessing external financing sources;however,family-owned firms might have some advantages in this regard over nonfamily firms.Unlike previous studies,this study considered that,in the Turkish context,nonfamily firms are financially constrained while family firms are not.To examine this hypothesis,we used the generalized method of moments(GMM)approach to analyze panel data from 2006 to 2017.The findings showed that financing constraints were a significant obstacle to growth for nonfamily-owned manufacturing firms while the effect was not present for family firms since they are controlled by large,well-established family groups.These results elucidate the relationship between corporate ownership and growth among Turkish firms,especially those with strong links to large family-owned corporations.The results also revealed that reputation and network may facilitate easier access to external financing sources,especially when considering the“Big Six”family ties of firms.

Electrical and Electronic Waste in Northwest Mexico

The waste derived from Electrical and Electronic Equipment (WEEE) is of interest now worldwide, in some countries due to the rapid technological development and in others due to technological dependence through the acquisition of second hand equipment. Therefore it is necessary to implement strategies for the sustainable management of electrical and electronic equipment at the end of its useful life. This paper presents the results of an investigation that was conducted in a city located in the Northwest of Mexico, which seeks to understand the management practices of household WEEE generators. A survey was applied to a representative sample of the population with a confidence level of 90%. Six home appliances were quantified and it was found that approximately 21% of them are disposed directly as part of the household flow of Municipal Solid Waste (MSW), while 79% are storage for a latter sale, repair or reuse. The results obtained support the need to develop evaluations and to implement possible scenarios for the sustainable management of Electrical and Electronic Waste.

The effects of financial liberalization on productivity:Evidence from India’s manufacturing sector

Using a panel of India’s registered manufacturing firms and both economy-wide and firm-level financial data,we investigate the effects of India’s financial liberalization on the productivity of its manufacturing sector in the 1990s and 2000s.Our dynamic panel analysis shows that the series of financial liberalization policies/measures,at both the macro and micro levels,significantly enhanced the productivity of the manufacturing sector.Total factor productivity increased for all firms,including those owned by the state government,with greater gains for the firms in the private and foreign sectors.Our results suggest that policies favoring financial liberalization should be pursued further in order for India to foster higher economic growth.

Energy rebound effect in China's manufacturing sector:Fresh evidence fromfirm-level data

The rebound effect refers to the phenomenon that individuals tend to consume more energy in the face of energy efficiency improvement,which reduces the expected energy-saving effect.Previous empirical studies on the rebound effect of regions and sectors do not provide microscopic evidence.To fill this gap,we use China's firmlevel data to estimate the rebound effect in China's manufacturing subsectors,providing a detailed picture of China's rebound effect across different sectors and different regions in 2001-2008.Results show that a partial rebound effect robustly appears in all industries,and the disparity between sectors is quite broad,ranging from 43.2%to 96.8%.As for the dynamic rebound effect of subsectors,most subsectors present an upward trend,whereas few subsectors show a clear downward trend.As a whole,the declined trend of the rebound effect is driven by the descent of minority sectors with high energy consumption and high energy-saving potential.In addition,we find that the disparity of the rebound effect across sectors is more significant than that across regions.

Structural Transformation under Trade Imbalances： The Case of the Postwar U.S.

A striking feature of the structural change literature is that, even though the U.S. economy is often used as a benchmark for calibration, the traditional mo- dels cannot account for the steep decline in manufacturing and rise in services in the U.S. since the late 1970s （Buera and Kaboski, 2009）. In order to solve this puzzle, this paper develops a three-sector model to evaluate various factors that could have contributed to the structural transformation process from 1950 to 2005. The results show that, in addition to traditional explanations, such as non-homothetic preference and sector-biased productivity progress, international trade is another major source of structural change and is able to explain about 35.5% of the overall employment share decrease in American manufacturing. The quantitative calibration estimates that the inter-sector trade makes a moderate contribution, while trade imbalances dominate the recent contraction of manufacturing employment share. Our results suggest that calibrated models based on U.S. data have to be adjusted by trade factors.