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China's monetary authority applies monetary policy instruments of both money supply and interest rates. This paper estimates the impact of positive monetary policy shocks (money supply shock and interest rate shock) on house price, and assesses the effects of house price shock on the real economy, using SVAR model spanning the period of 2001Q1 to 2009Q4. In the money supply system, the impacts of...
In addition to macroeconomic effects, the stock market conditions also closely relates to a number of unexpected events. The taken place of Wenchuan earthquake on May 12th, 2008, had short-term effects on the stock market, some experienced suspension, but some experienced soaring. 66 listed companies from Sichuan and Chongqing had experienced suspension from 13th of May, due to the earthquake. 45...
Speculativeness and instability of short-term capital flows would have an enormous impact on a country's financial stability and economic development. The paper summarizes the "push pull" impact of Chinese short-term capital flows mainly is: Domestic and foreign interest-rate spread, expected exchange rate, domestic capital market prices and domestic prices in commodity markets, and gains...
Most empirical studies in China and abroad concluded that: Foreign direct investment had positive influence on the technical progress of Chinese local enterprises. However, the conclusion was drew without considering the influence of changes in institution on Chinese total factor productivity. This paper puts the variable which representing changes in institution into econometric model, it's found...
In view of the special characteristics of the real estate industry and its impacts on the macro-economy, the real estate market has become the key economic field of government intervention. However, the academic circle has controversy on the policy effect of real estate regulation over the past few years. This paper adopts the DEA model to value the effect of real estate regulation 2003-2009, makes...
Project Investment of enterprises plays an important role in enterprise's economic growth. Tax policy is an effective means of macro-control. Highly developed market economy pushes enterprises into more intense competition in the market. In order to promote the better development of enterprises, the state has introduced a number of related tax policies. This paper analyses the impact of tax policy...
Nowadays, the interrelationship study issues between energy consumption and economic development draw researchers' attention to study deeply in the world. We must find out what correlation exists between them. The problem which makes decision analysis solve the energy and the economy in according to researchers has become an important content of the coordinated development. Beijing, as the capital...
The value of forecast lies in the prophet of future, and having an important impact on decision-making, Therefore, from the relevant of taxation and economic angle, using analytical methods integrating qualitative and quantitative analysis, based on macroeconomic indicators data of Heilongjiang Province since 1999, through the building of combined forecast model, It is going to forecast revenue organized...
By the panel data of 31 provinces in China from 2001 to 2008, this paper analyses the influence of basic factor of production and environmental on the regional innovation. The results show that it is very important to improve the regional innovation capability from the angle of R&D investment, raising the level of research personnel and enhancing the infrastructure construction. At last, according...
Along with the 21st century pace of global economic accelerating, the prompting effect of the port and shipping industry on economic society is becoming more and more obvious. Questions are widely concerned that whether the input and output of the two systems are coordinated, whether the impact of the input is evident. Aiming at the questions above, based on Liaoning province regional economy as the...
In order to investigate the impact of Macroeconomic Environment and financial factors on Companies in financial distress, This paper collects real estate listed companies from 2001 to 2008 as samples and then develops two models, model I of which introduces financial factors and Model II have the financial factors and the macroeconomic factors integrated together. Then this paper uses Logistic Regression...
This paper considers a new equilibrium pricing vector with various types of investor's subjectivity based on the standard Mean-Variance theory. In order to present each investor's subjectivity, the fuzzy theory is introduced. In a way similar to the traditional MV-based equilibrium approach, the analytical equilibrium pricing vector is obtained using the degree of credibility considering credibility...
The rational allocation of medical resources, purchase and renewal of medical equipment are very important in the management of medical equipment. In this paper, the fuzzy synthetic evaluation and analytic hierarchy process were introduced. Based on FAHP, an evaluation model was proposed to evaluate the allocation of medical resources. For the medical equipment that would be purchased and renewed,...
Small-firm effect (SFE) has been confirmed widespread in stock market. How to identify SFE has been become an important investment strategy. The study makes empirical analysis on SFE during different economic circles in China. We also reveal the response of SFE to economic shocks with Vector Auto-Regression model. The result shows that there is a long-term SFE which is not significant in Chinese stock...
The same as macro-economy, enterprise's financial status also exists a prosperity cycle which displays from contraction to expansion and form boom to depression. According to the principle of macro-economic prosperity monitoring, based on the entropy model in informational theory, the paper constructs the financial prosperity index and designs a dynamic monitoring method which includes trend graph...
As the Government's macroeconomic regulation and control means, finance plays a significant role, but finance bears some certain risks. How to manage and prevent this risk is directly related to the survival and development of the whole country. This paper focuses on the combined model application research, fiscal risk early-warning based on principal component analysis and BP neural network. The...
The research tries to give response to a question that all Venezuelan people constantly ask: are economic resources of the nation well administered? Based on this question, we realize a study on the efficiency and the productivity of the State in the use of the gross domestic product (GDP) for generating social welfare, to increase the economic levels of the country and to cancel the foreign debt...
High-tech industrial zone play a important role in the global economic system with the continuously new knowledge innovation, it' s becoming the main motion of regional economic structure optimization and competition. The technology ability and diffuse effect of High-tech zone influence itself and regional economic development greatly. This paper design High-tech zone technology innovation ability...
Based on the overview of the theory and measurement methods of specialization and diversification, this paper calculate the specialization and diversification level of equipment manufacturing industry from the perspective of sector and regional separately in China during 1993~2007. Then the paper establish panel data model to analysis the spillover effects of specialization and diversification. The...
During the last three decades since the implementation of the Open Door policy, the tourism industry in Hubei Province has experienced rapid development with the great support and emphasis from government. The year of 2009 is the final year to implement the ??Eleventh Five-Year Plan?? and also the most critical year for government to increase 4 trillion yuan investment in infrastructure to expand...
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