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This study is concerned with the broad question of why more pluralism reduces expenditure in local governments. According to the literature, proportional representation (PR) systems are associated with greater expenditure, but I offer empirical evidence showing that the case of Mexican local governments challenges this notion. An amendment to the Federal Constitution in 1983 allowed Mexican states...
The farmers' income level is a comprehensive reflection of the national economic development level. Since the reform and opening up, farmers' income level in China has changed substantially. In this paper, we introduce some new changes of farmers' income in China in recent years. Then we establish an econometric model to analyze four main factors that influence farmers' income in China and their influencing...
Based on the data of 1978-2007, the relationship between service industry development and financial support in northeast China is discussed by co-integration analysis and Granger causality test. We can conclude from the results of the empirical analysis that there exists long-term dynamic equilibrium interrelation, and that there is one-way Granger causality between the two, namely financial support...
Based on the panel data of 498 counties of Central China from 2000 to 2006, this paper uses a stochastic frontier approach to estimate the fluctuation of technical efficiency in this region, and empirically calculates the effect of fiscal factors influencing the technical efficiency. The empirical results show that, with the implementation of "central rise" strategy, technical efficiency...
Economic development is faced with the challenge of global financial crisis currently, and power economy is affected inevitably. To quantitatively evaluate the impact of financial crisis on power economy, a power economy simulation model of econometric model is proposed in this paper, and a dynamic simulation platform based on the proposed model named dynamic power economy simulation system (DPESS)...
We investigate the potential reason of decline in operating performance of Chinese initial public offerings (IPO), using a data set of 738 firms for the period 1996-2000. We find that, growth rate of investment and sales are unrelated with governance structure, and Chinese IPOs have had better post-issue performance may be more likely to invest. We also find relationship between identity of ownership...
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