A Panel Data Analysis of the Impact of Chinese Foreign Direct Investment (FDI), Remittances and Foreign Aid on Human Capital Growth and Brain Drain in Africa

The main purpose of this research was to analyze the impact the Chinese foreign direct investment (FDI), remittances, and foreign aid have had to human capital growth (HCG) and brain drain. The study data were collected from five African countries (Nigeria, Kenya, Ghana, South Africa, and Morocco) from 2009 to 2018. Secondary sources were used in data collection, then autoregressive distributed lag (ARDL) modeling was used in the analysis. Before modelling was done, co-integration tests and panel unit were applied. The results revealed that Chinese FDI, remittances, and foreign aid had a significant and positive impact on HCG in the long but not the short-run. Besides, remittances, Chinese FDI, and foreign aid demonstrated significant negative impacts on brain drain in the long term, not in the short term. This study makes important practical and theoretical contributions about the roles of Chinese FDI, remittances, and foreign aid in the reduction of brain drain and the growth of human capital.

Can regional economy influence China's water use intensity?:based on refined LMDI method

China experienced a decline of water use intensity in the 11th Five Year Plan,but the water use intensity actually increased in 2009.To the best of our knowledge,the index decomposition analysis method was rarely used to analyze changes in water use,and no decomposition analysis has investigated the role of regional economy in the decline of water use intensity.In this paper,we use logarithmic mean Divisia index(LMDI)techniques to decompose the change of water use intensity in the period 2006-2010.We find that the change of industrial water use intensity is confirmed as the dominant contributor to the decline in the overall water use intensity;the regional structure effect and the industrial structure effect is positive to the decline of overall water use intensity;the decline of China's water use intensity is mainly attributed to the effect of developed eastern provinces;meanwhile,the effect of central and undeveloped western is also positive to the decline of overall water use intensity;at least one out of three effects is positive to the decline of water use intensity in the different provinces;the intensity effect is positive and the industrial structure effect is positive to the declines of China's water use intensity based on chaining approach except the period 2008-2009,individually;and the deviation of regional structure effect and industrial structure effect between with regional economy and without regional economy in LMDI is 0.9 and2.3 m^3/10~4 RMB,respectively.

Overheated Investment in Real Estate Inhibits Innovation:Verification and Analysis in China's Case

Whether rapid real estate investment growth inhibits China's innovation is a critical question for China's economic sustainability. Based on China's provincial panel data and using land supply as an instrumental variable for real estate investment growth, we arrived at the following findings after effectively controlling endogenous factors that could lead to estimation errors. First of all, the faster real estate investment grows in a province, the lower the growth rates of innovation and R&D spending and invention patent authorizations will be in the province, an indication that real estate directly inhibits innovation in China. Such inhibition is particularly pronounced in the industrial sectors. Secondly, in the context of rampant real estate investment, the biased loan maturity structure of China's financial system in favor of the real estate industry further inhibits innovation. This paper has verified the existence of the direct effect of real estate investment growth on regional innovation and its indirect effect on regional innovation through the biased long maturity structure of the financial system. The empirical findings of this paper provide practical policy implications for China to strike a balance between real estate development and an innovation-driven development strategy.

The Anachronies in Chance,Soon and Silence

Most of Alice Munro's novels are short, with the theme of the ordinary life of the female in the small town. However, itssubtle cut and narrative way could reveal the versatility of things and a good depth of human nature. Runway is a masterpiece ofMunro, and three stories in it, Chance, Soon and Silence, which are surrounding three life stages of Juliet, describe the real life, andshow the process of a soul returning to peace. The narrative strategies from the perspective of anachrony will be listed and analyzed,in order to explore how the author shows Juliet's escape from the family and self.