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In recent years, the influence of power shortage on the economic growth has attracted attention of the government departments and the academic community. To avoid the bias from the true value in data collecting process, we introduce the concept of grey numbers in this paper to make the depiction of phenomena objective. We analyze the efficiency of regional electricity input-output by means of data...
Korea is one of the major information technology producing countries in the world. This paper investigates the impact of information technology on economic growth. According to the production possibility frontier approach, the output contribution of IT with respect to overall GDP growth has increased to 1.52 %, which amount to 33.5% of GDP growth rate in the period of 2000-2004. With regards to input...
The organization of public research labs plays a fundamental role to increase their efficiency and the production of scientific research more and more necessary to economic growth of countries. The paper presents the main organizational studies carried out on public research bodies in U.S.A. and Europe. After that this research analyzes the organization of the biggest public research body in Italy,...
The centrality of finance in an economy and its importance raises the importance of financial innovation. Financial innovation plays a crucial role in economic development. Based on the understanding of the importance of financial innovation and analysis of the complexity of a financial system and the chaotic features of its evolution, we focus upon how chaotic rules impact on financial innovation...
Laggard economic development level coexists with wealthy natural resource endowment in western region of China, which is similar to the symptom of "resource curse". This paper suggests that "resource curse" effect is also applicable to explain the phenomenon at such a province level. Primary empirical analysis presents the possibility of suffering from the "curse" in...
This paper makes an empirical research on the relationship between rural household consumption, urban household consumption, government consumption and economic growth using time series data of China from 1952 to 2004. Results show that: (1) China's economic growth mainly depends on domestic demand, which includes consumption and investment. Consumption demand has the most effective influence on economy...
This paper extracts information of China-foreign joint ventures in China from china foreign economic Statistical Year Book (1984-1996) or Business China (1997-2005) and The China View (1997-2005). These three groups of information form a new database which includes data from 1984 to 2005 as the research sample. The research analyses the investment patterns of China-foreign joint ventures in China...
Based on the functional model of economic institution and economic growth, and using the panel data of all Chinese provinces, the paper does some empirical study on the efficiency of economic institution transition and Chinese best economic growth path. It shows that: First, the economic institution is the fundamental cause of economic growth. Second, the economic institution is endogenous. Third,...
Technology progress has been key for sustaining economic growth in China. This paper modifies CH model to test the effects of international technology diffusion on Chinese eastern, middle and western technology progress. Two additional channels, inward FDI and foreign patent applications, for international technology diffusion are estimated along with the channel of trade. We construct a new approach...
Broadband is proving to be a powerful engine for improving public well being and economic growth in those countries where it is applied. The EU Framework programme's BReATH project supported the transfer of know-how and best practices in planning and delivering broadband e-services and access to the EU New Member States. This project has had dramatic economic impact on the region with significant...
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