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Over-development of fictitious economy may produce bubble capital and bubble burst can induce financial crisis. The Granger cause of the representative variable of real economy to the variables of fictitious economy in China is tested and the bubble expansion rate of each period of China's fictitious economy is calculated by the quarterly data from the second quarter of 1998 to the forth quarter of...
Influences of fictitious economy on real economy appeared gradually in China. An empirical analysis about the influences was given by using quarterly data from April 1998 to December 2008. The results show that there is cointegration relationship between China's fictitious economy and real economy in the long term; there is Granger cause of the representative variables of China's fictitious economy...
The influences of the price level, trade and velocity of money circulation of fictitious economy on money supply appeared gradually. Empirical analysis of the influences of China' s fictitious economy on money supply was given by using the monthly data from April 1998 to December 2008 based on the actual development of Chinese economy and theory of money demand. The results show that there is cointegration...
The fictitious economy and real economy constitute a new pattern of economic system in the modern society. The theoretical model about interaction development between fictitious economy and real economy is deduced based on the theory of financial development and economic growth, and empirical analysis on the relationship between China's fictitious economy and real economy using 2001 to 2008 monthly...
This paper uses stochastic frontier analysis to make empirical study on the influential factors of technical efficiency difference of China's service industry among provinces. We find that the technical efficiency of service industry of every province gets steady increase from 1992 to 2006, but the difference among provinces is great. The development degree of non state-owned economy, foreign direct...
In China, with the foreign exchange reserves sustainable growth funds outstanding for foreign exchange has been the main channel for the center bank to put monetary base and one of the main reasons which causes the currency supply to increase greatly. Through the empirical analysis and test in this paper, the conclusions have been drawn empirically: the increase of foreign exchange reserves truly...
This essay explained the reason why the soaring housing prices cannot be controlled ultimately nowadays from the aspect of DEA efficiency. It shows that, although the housing prices in some cities are so high, making the consumers and the merchant has to pay more, but because these areas can also supply more additional output value, it makes the high housing prices deserve the cost. With the general...
Time lag of monetary policy is a key index of estimating transmission efficiency, while exchange rate transmission mechanism is an important monetary transmission channel that cannot be neglected. In view of that, this paper takes the monthly data of 1998.1-2005.6 as sample, and empirically researched on the time lag of exchange rate transmission mechanism in China with the methods are known as impulse...
This paper uses stochastic frontier analysis to make empirical study on the influential factors of technical efficiency difference among provinces of China. We find that the technical efficiency of every province gets steady increase from 1992 to 2003, but the difference among provinces is great. The development degree of non state-owned economy, foreign direct investment (FDI), the amount of imports...
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